Equities analysts predict that Installed Building Products Inc (NYSE:IBP) will announce earnings per share (EPS) of $0.62 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Installed Building Products’ earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.68. Installed Building Products reported earnings per share of $0.44 in the same quarter last year, which would indicate a positive year over year growth rate of 40.9%. The business is expected to report its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Installed Building Products will report full-year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.09 to $2.20. For the next fiscal year, analysts anticipate that the company will report earnings of $2.79 per share, with EPS estimates ranging from $2.60 to $3.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Installed Building Products.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.07). The business had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The business’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share.

A number of research analysts recently weighed in on IBP shares. Credit Suisse Group restated an “outperform” rating and issued a $85.00 price objective (up previously from $73.00) on shares of Installed Building Products in a report on Monday, January 22nd. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $69.00 price objective on shares of Installed Building Products in a research report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Installed Building Products in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, SunTrust Banks restated a “buy” rating and set a $65.00 price objective on shares of Installed Building Products in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Installed Building Products currently has a consensus rating of “Buy” and an average price target of $69.14.

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 200,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $74.25, for a total transaction of $14,850,000.00. Following the completion of the transaction, the chief executive officer now owns 504,800 shares in the company, valued at approximately $37,481,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J Michael Nixon sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $74.50, for a total transaction of $1,490,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,000 shares of company stock valued at $20,239,000. 32.90% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Installed Building Products by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,829,787 shares of the construction company’s stock valued at $149,836,000 after acquiring an additional 84,555 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of Installed Building Products by 3.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,104,994 shares of the construction company’s stock worth $58,509,000 after acquiring an additional 41,236 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Installed Building Products by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,046,278 shares of the construction company’s stock worth $55,400,000 after acquiring an additional 37,019 shares during the period. Dimensional Fund Advisors LP raised its holdings in Installed Building Products by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 852,519 shares of the construction company’s stock valued at $55,243,000 after buying an additional 42,938 shares during the period. Finally, State Street Corp raised its holdings in Installed Building Products by 7.2% in the second quarter. State Street Corp now owns 584,897 shares of the construction company’s stock valued at $30,963,000 after buying an additional 39,302 shares during the period. 66.04% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products (NYSE IBP) traded up $0.62 during trading on Thursday, hitting $72.57. 65,139 shares of the stock were exchanged, compared to its average volume of 171,362. The stock has a market cap of $2,300.00, a P/E ratio of 55.36 and a beta of 0.87. Installed Building Products has a twelve month low of $40.00 and a twelve month high of $79.40. The company has a quick ratio of 1.93, a current ratio of 2.22 and a debt-to-equity ratio of 1.70.

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About Installed Building Products

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

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