IES (NASDAQ:IESC) Releases Earnings Results

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

IES Price Performance

IESC stock traded up $10.03 on Thursday, reaching $233.24. The company’s stock had a trading volume of 33,263 shares, compared to its average volume of 219,082. The firm has a fifty day moving average of $240.19 and a two-hundred day moving average of $213.89. IES has a 52 week low of $88.25 and a 52 week high of $320.08. The company has a market capitalization of $4.67 billion, a P/E ratio of 23.54 and a beta of 1.52.

Analysts Set New Price Targets

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

Insider Activity

In other IES news, COO Matthew J. Simmes sold 7,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total value of $2,053,240.00. Following the completion of the sale, the chief operating officer now owns 115,341 shares in the company, valued at $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, the vice president now owns 18,286 shares of the company’s stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 over the last three months. Insiders own 56.76% of the company’s stock.

IES Company Profile

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.