IES (NASDAQ:IESC) Posts Earnings Results

IES (NASDAQ:IESC) released its quarterly earnings data 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 Trading Down 0.0 %

NASDAQ:IESC traded down $0.05 during mid-day trading 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’s fifty day moving average price is $243.16 and its two-hundred day moving average price is $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 12-month low of $83.96 and a 12-month high of $320.08.

Wall Street Analyst Weigh In

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

Insider Activity

In other IES news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, 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 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.

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.