Installed Building Products, Inc. (IBP) To Go Ex-Dividend on December 15th

Installed Building Products, Inc. (NYSE:IBP) announced a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.39 per share by the construction company on Thursday, December 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 15th.

Installed Building Products has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Installed Building Products to earn $10.54 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 14.8%.

Installed Building Products Stock Down 1.4%

Shares of NYSE:IBP opened at $220.03 on Friday. The business’s 50-day moving average is $204.57 and its 200-day moving average is $245.38. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. Installed Building Products has a 1 year low of $176.15 and a 1 year high of $349.00. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 8.76 and a beta of 1.65.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, November 5th. The construction company reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the previous year, the company earned $3.18 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that Installed Building Products will post 9.75 earnings per share for the current year.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.

Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.