IES (NASDAQ:IESC) Posts Earnings Results

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

IES Trading Down 2.4 %

Shares of NASDAQ IESC opened at $214.72 on Wednesday. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 21.71 and a beta of 1.52. IES has a 52 week low of $83.96 and a 52 week high of $320.08. The company’s 50-day moving average price is $241.46 and its 200 day moving average price is $213.83.

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 at IES

In other IES news, COO Matthew J. Simmes sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the sale, the chief operating officer now directly owns 115,341 shares of the company’s stock, valued at $33,831,822.12. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,359 shares of company stock valued at $7,341,029. 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.