Installed Building Products, Inc. (NYSE:IBP) released its earnings results on Friday, November 3rd. The construction company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07), Bloomberg Earnings reports. Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The company had revenue of $295.20 million during the quarter, compared to analyst estimates of $292.51 million. During the same quarter last year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis.
Installed Building Products (IBP) opened at $70.40 on Tuesday. Installed Building Products has a 1 year low of $39.95 and a 1 year high of $70.47. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.22 and a quick ratio of 1.93. The company has a market cap of $2,200.00, a PE ratio of 52.67 and a beta of 0.84.
In related news, Director J Michael Nixon sold 13,820 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $60.00, for a total transaction of $829,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vikas Verma bought 3,318 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of $59.98 per share, for a total transaction of $199,013.64. Following the completion of the purchase, the director now directly owns 230,251 shares of the company’s stock, valued at approximately $13,810,454.98. The disclosure for this purchase can be found here. Insiders have sold 163,781 shares of company stock worth $10,088,754 over the last quarter. Insiders own 32.90% of the company’s stock.
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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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