Wall Street brokerages forecast that Installed Building Products, Inc. (NYSE:IBP) will report $0.62 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Installed Building Products’ earnings. The lowest EPS estimate is $0.58 and the highest is $0.68. Installed Building Products reported earnings of $0.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 40.9%. The firm is expected to report its next earnings results on Monday, February 26th.

According to Zacks, analysts expect that Installed Building Products will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.22. For the next financial year, analysts expect that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.64 to $2.85. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Installed Building Products.

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

Several research firms have commented on IBP. Jefferies Group began coverage on shares of Installed Building Products in a research note on Tuesday. They set a “hold” rating and a $69.00 price target on the stock. SunTrust Banks reissued a “buy” rating and set a $65.00 price target on shares of Installed Building Products in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Installed Building Products in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group set a $73.00 price target on shares of Installed Building Products and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.43.

In related news, Director J Michael Nixon sold 13,820 shares of Installed Building Products stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $60.00, for a total value of $829,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Vikas Verma purchased 3,318 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $59.98 per share, for a total transaction of $199,013.64. Following the acquisition, the director now owns 230,251 shares of the company’s stock, valued at $13,810,454.98. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 413,781 shares of company stock worth $28,617,254. 32.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in IBP. Stifel Financial Corp bought a new stake in Installed Building Products in the second quarter valued at $9,434,000. Russell Investments Group Ltd. boosted its holdings in shares of Installed Building Products by 118.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 257,460 shares of the construction company’s stock valued at $16,684,000 after buying an additional 139,833 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Installed Building Products by 3.1% during the 2nd quarter. BlackRock Inc. now owns 2,829,787 shares of the construction company’s stock valued at $149,836,000 after buying an additional 84,555 shares in the last quarter. RK Capital Management LLC boosted its holdings in shares of Installed Building Products by 36.8% during the 2nd quarter. RK Capital Management LLC now owns 241,036 shares of the construction company’s stock valued at $12,763,000 after buying an additional 64,900 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Installed Building Products during the 2nd quarter valued at $2,536,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Installed Building Products (IBP) traded up $1.75 during mid-day trading on Tuesday, hitting $72.85. 378,100 shares of the company’s stock traded hands, compared to its average volume of 155,826. The stock has a market capitalization of $2,195.33, a P/E ratio of 52.60 and a beta of 0.87. Installed Building Products has a 52-week low of $39.95 and a 52-week high of $79.40. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.22 and a quick ratio of 1.93.

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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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