Installed Building Products (IBP) Set to Announce Quarterly Earnings on Thursday

Installed Building Products (NYSE:IBP) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, February 22nd. The construction company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.42 by $0.03. The firm had revenue of $720.70 million for the quarter, compared to analysts’ expectations of $688.59 million. Installed Building Products had a return on equity of 47.18% and a net margin of 8.77%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 earnings per share. On average, analysts expect Installed Building Products to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $240.55 on Thursday. Installed Building Products has a 1 year low of $103.50 and a 1 year high of $263.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.62 and a current ratio of 3.09. The stock has a fifty day moving average price of $242.02 and a two-hundred day moving average price of $191.70. The firm has a market cap of $6.84 billion, a P/E ratio of 27.94 and a beta of 1.89.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Friday, March 15th were paid a dividend of $1.60 per share. The ex-dividend date was Thursday, March 14th. This represents a $6.40 annualized dividend and a yield of 2.66%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.33. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Insider Activity

In related news, CAO Todd R. Fry sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the transaction, the chief accounting officer now directly owns 7,176 shares of the company’s stock, valued at $1,675,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Installed Building Products news, CFO Michael Thomas Miller sold 5,000 shares of Installed Building Products stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $243.34, for a total value of $1,216,700.00. Following the completion of the sale, the chief financial officer now directly owns 38,320 shares in the company, valued at $9,324,788.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $233.50, for a total transaction of $116,750.00. Following the transaction, the chief accounting officer now owns 7,176 shares in the company, valued at approximately $1,675,596. The disclosure for this sale can be found here. Insiders have sold 6,619 shares of company stock worth $1,606,732 in the last 90 days. Company insiders own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Loop Capital raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Evercore ISI lifted their price target on shares of Installed Building Products from $226.00 to $272.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Royal Bank of Canada raised their price objective on Installed Building Products from $188.00 to $216.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Installed Building Products in a report on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Installed Building Products has an average rating of “Moderate Buy” and an average price target of $208.40.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.