The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for Installed Building Products Inc is $230.00, about 4.8% below its August 5 closing price of $241.51.
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago.
Quarterly results
U.S. insulation installer's Q2 revenue rose 2.3%, beating analyst expectations.
Adjusted EPS for Q2 beat consensus.
Company repurchased $76.2 mln in shares.
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$777.80 mln
$743.36 mln (12 Analysts)
Q2 Adjusted EPS
Beat
$2.91
$2.55 (12 Analysts)
Q2 Net Income
$64.90 mln
Q2 Gross Profit
$258.90 mln
Q2 Operating Income
$94.60 mln
Q2 Pretax Profit
$85.10 mln
Outlook and capital returns
Company expects affordability and consumer confidence to continue to weigh on U.S. residential housing.
IBP•
