IES (NASDAQ:IESC) Releases Quarterly Earnings Results

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

IES Price Performance

IESC stock opened at $214.72 on Wednesday. The company has a fifty day moving average price of $241.46 and a 200 day moving average price of $213.83. IES has a 12 month low of $83.96 and a 12 month high of $320.08. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 21.71 and a beta of 1.52.

Insider Activity at IES

In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the transaction, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 in the last 90 days. 56.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a 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.