IES (NASDAQ:IESC) Announces Quarterly Earnings Results

IES (NASDAQ:IESC) issued its quarterly earnings data on Friday. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23), FiscalAI reports. IES had a return on equity of 38.61% and a net margin of 8.99%.The firm had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million.

IES Stock Down 19.9%

IESC opened at $380.29 on Friday. The business has a 50 day moving average price of $426.64 and a two-hundred day moving average price of $387.74. The company has a market cap of $7.58 billion, a PE ratio of 25.32 and a beta of 1.73. IES has a 52 week low of $146.51 and a 52 week high of $488.62.

Insider Buying and Selling

In other IES news, CEO Matthew J. Simmes sold 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $406.96, for a total value of $4,069,600.00. Following the transaction, the chief executive officer directly owned 98,575 shares of the company’s stock, valued at approximately $40,116,082. The trade was a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mary K. Newman sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $477.86, for a total transaction of $955,720.00. Following the completion of the sale, the chief accounting officer owned 21,843 shares of the company’s stock, valued at $10,437,895.98. This trade represents a 8.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 217,661 shares of company stock worth $96,387,385. 56.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IESC. Strategic Blueprint LLC lifted its position in IES by 33.0% in the fourth quarter. Strategic Blueprint LLC now owns 1,648 shares of the technology company’s stock valued at $641,000 after purchasing an additional 409 shares during the period. Comerica Bank raised its stake in shares of IES by 11.8% during the 4th quarter. Comerica Bank now owns 418 shares of the technology company’s stock worth $162,000 after buying an additional 44 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of IES by 18.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,423 shares of the technology company’s stock valued at $554,000 after buying an additional 222 shares during the period. UBS Group AG boosted its stake in shares of IES by 4.9% in the fourth quarter. UBS Group AG now owns 88,715 shares of the technology company’s stock valued at $34,512,000 after buying an additional 4,159 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of IES by 39.2% in the fourth quarter. Sanctuary Advisors LLC now owns 905 shares of the technology company’s stock valued at $352,000 after buying an additional 255 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

IES Company Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.