Infrastructure and Energy Alternatives (NASDAQ:IEA) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12-month consensus target price of $9.13 for the company and are expecting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Infrastructure and Energy Alternatives an industry rank of 102 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd.
Shares of IEA traded down $0.14 during mid-day trading on Monday, reaching $2.42. The company had a trading volume of 149,123 shares, compared to its average volume of 1,633,182. The stock’s 50-day moving average is $2.64. Infrastructure and Energy Alternatives has a 52 week low of $1.81 and a 52 week high of $11.27. The stock has a market capitalization of $53.85 million, a P/E ratio of -3.03 and a beta of 0.39.
Infrastructure and Energy Alternatives (NASDAQ:IEA) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.67). Infrastructure and Energy Alternatives had a negative return on equity of 11.34% and a negative net margin of 0.14%. The company had revenue of $190.81 million during the quarter, compared to the consensus estimate of $144.30 million. Analysts predict that Infrastructure and Energy Alternatives will post -0.14 EPS for the current year.
In related news, CFO Andrew Dean Layman bought 14,900 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $3.51 per share, for a total transaction of $52,299.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by insiders.
About Infrastructure and Energy Alternatives
Infrastructure and Energy Alternatives, Inc, a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services.
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