IES (NASDAQ:IESC) released its earnings results on Friday. The technology company reported $0.46 earnings per share (EPS) for the quarter, Morningstar.com reports. IES had a negative net margin of 1.87% and a positive return on equity of 9.47%.
Shares of IESC opened at $17.09 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. IES has a 12-month low of $14.90 and a 12-month high of $20.25. The stock has a market capitalization of $351.38 million, a P/E ratio of 16.91 and a beta of 0.33.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Edge Wealth Management LLC grew its holdings in shares of IES by 8,333.3% in the third quarter. Edge Wealth Management LLC now owns 10,120 shares of the technology company’s stock valued at $197,000 after purchasing an additional 10,000 shares during the period. BlackRock Inc. grew its holdings in shares of IES by 2.1% in the second quarter. BlackRock Inc. now owns 409,447 shares of the technology company’s stock valued at $6,859,000 after purchasing an additional 8,280 shares during the period. Acuitas Investments LLC grew its holdings in shares of IES by 227.0% in the second quarter. Acuitas Investments LLC now owns 152,657 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 105,968 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of IES by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 108,621 shares of the technology company’s stock valued at $1,820,000 after purchasing an additional 5,572 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of IES by 4.6% in the second quarter. Renaissance Technologies LLC now owns 190,232 shares of the technology company’s stock valued at $3,186,000 after purchasing an additional 8,400 shares during the period. 78.30% of the stock is owned by hedge funds and other institutional investors.
IESC has been the subject of a number of research reports. BidaskClub lowered shares of IES from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. ValuEngine lowered shares of IES from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th.
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IES Company Profile
IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
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