Equities research analysts expect that Installed Building Products Inc (NYSE:IBP) will report $303.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Installed Building Products’ earnings. The lowest sales estimate is $296.50 million and the highest is $309.93 million. Installed Building Products posted sales of $233.98 million during the same quarter last year, which suggests a positive year over year growth rate of 29.6%. The company is expected to announce its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Installed Building Products will report full year sales of $303.20 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.14 billion. For the next year, analysts forecast that the company will post sales of $1.29 billion per share, with estimates ranging from $1.27 billion to $1.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Installed Building Products.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.07). The company had revenue of $295.20 million during the quarter, compared to analyst estimates of $292.51 million. Installed Building Products had a net margin of 3.88% and a return on equity of 23.40%. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS.

A number of equities analysts have weighed in on IBP shares. Zacks Investment Research upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $69.00 price target on shares of Installed Building Products in a report on Monday, October 16th. Credit Suisse Group set a $73.00 price target on shares of Installed Building Products and gave the company an “outperform” rating in a report on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of Installed Building Products in a report on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $65.00 price target on shares of Installed Building Products in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $70.57.

In related news, COO Jay P. Elliott sold 3,000 shares of Installed Building Products stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $73.50, for a total transaction of $220,500.00. Following the transaction, the chief operating officer now owns 48,312 shares in the company, valued at approximately $3,550,932. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Michael Nixon sold 20,000 shares of Installed Building Products stock in a transaction on Wednesday, January 17th. The shares were 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. Insiders have sold a total of 273,000 shares of company stock worth $20,239,000 in the last 90 days. Company insiders own 32.90% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. lifted its holdings in shares of Installed Building Products by 1.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,644 shares of the construction company’s stock valued at $140,000 after acquiring an additional 34 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Installed Building Products by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,894 shares of the construction company’s stock valued at $100,000 after acquiring an additional 198 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Installed Building Products by 12.8% during the 2nd quarter. D.A. Davidson & CO. now owns 3,209 shares of the construction company’s stock valued at $169,000 after acquiring an additional 364 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Installed Building Products by 4.4% during the 2nd quarter. Nationwide Fund Advisors now owns 12,210 shares of the construction company’s stock valued at $647,000 after acquiring an additional 509 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Installed Building Products by 0.7% during the 3rd quarter. American Century Companies Inc. now owns 116,938 shares of the construction company’s stock valued at $7,578,000 after acquiring an additional 782 shares in the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.

Installed Building Products (IBP) opened at $66.80 on Friday. The firm has a market cap of $2,270.21, a price-to-earnings ratio of 50.99 and a beta of 0.69. Installed Building Products has a 1-year low of $40.10 and a 1-year 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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Installed Building Products Company Profile

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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