IES (NASDAQ:IESC) released its quarterly earnings results on Friday. The technology company reported $0.46 EPS for the quarter, Morningstar.com reports. The firm had revenue of $240.30 million during the quarter. IES had a positive return on equity of 9.47% and a negative net margin of 1.87%.
IESC opened at $17.09 on Friday. The firm has a market capitalization of $351.38 million, a PE ratio of 16.91 and a beta of 0.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 1.50. IES has a 12 month low of $14.90 and a 12 month high of $20.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in IESC. Rhumbline Advisers bought a new position in shares of IES in the 2nd quarter worth $169,000. Bank of New York Mellon Corp raised its position in shares of IES by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 108,621 shares of the technology company’s stock worth $1,820,000 after acquiring an additional 5,572 shares in the last quarter. Strs Ohio raised its position in shares of IES by 609.5% in the 2nd quarter. Strs Ohio now owns 14,900 shares of the technology company’s stock worth $249,000 after acquiring an additional 12,800 shares in the last quarter. BlackRock Inc. raised its position in shares of IES by 2.1% in the 2nd quarter. BlackRock Inc. now owns 409,447 shares of the technology company’s stock worth $6,859,000 after acquiring an additional 8,280 shares in the last quarter. Finally, Acuitas Investments LLC raised its position in shares of IES by 227.0% in the 2nd quarter. Acuitas Investments LLC now owns 152,657 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 105,968 shares in the last quarter. 78.30% of the stock is owned by hedge funds and other institutional investors.
IESC has been the subject of several recent research reports. BidaskClub lowered IES from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. ValuEngine lowered IES from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th.
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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.
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