IES (NASDAQ:IESC) Posts Quarterly Earnings Results

IES (NASDAQ:IESC) posted its earnings results on Tuesday. The technology company reported $2.64 EPS for the quarter, Zacks reports. IES had a return on equity of 35.69% and a net margin of 7.00%.

IES Price Performance

Shares of IES stock traded down $0.05 during trading hours on Tuesday, reaching $219.84. The company’s stock had a trading volume of 48,894 shares, compared to its average volume of 204,456. The firm has a 50 day moving average price of $243.16 and a 200-day moving average price of $213.36. The stock has a market cap of $4.40 billion, a P/E ratio of 21.81 and a beta of 1.52. IES has a one year low of $83.96 and a one year high of $320.08.

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares in the company, valued at $5,234,001.78. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,359 shares of company stock valued at $7,341,029. Insiders own 56.76% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.