IES (NASDAQ:IESC) Posts Earnings Results

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

IES Trading Up 8.5 %

Shares of IESC traded up $18.89 during mid-day trading on Thursday, hitting $242.10. 174,406 shares of the company traded hands, compared to its average volume of 225,059. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 24.48 and a beta of 1.52. The business has a 50-day moving average of $239.29 and a 200 day moving average of $214.09. IES has a one year low of $88.25 and a one year high of $320.08.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares of the company's stock, valued at $2,820,492,093. The trade was a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $715,575.00. Following the completion of the transaction, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock worth $7,341,029 in the last quarter. Insiders own 56.76% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.