Shares of Infrastructure and Energy Alternatives (NASDAQ:IEA) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 12-month consensus price objective of $9.13 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Infrastructure and Energy Alternatives an industry rank of 77 out of 256 based on the ratings given to its competitors.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Infrastructure and Energy Alternatives from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. ValuEngine raised shares of Infrastructure and Energy Alternatives from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
NASDAQ:IEA remained flat at $$2.64 during mid-day trading on Monday. 32,288 shares of the company were exchanged, compared to its average volume of 139,416. Infrastructure and Energy Alternatives has a 52 week low of $1.81 and a 52 week high of $11.27. The stock has a 50-day moving average price of $2.52. The company has a market capitalization of $58.52 million, a PE ratio of -3.30 and a beta of 0.44.
Infrastructure and Energy Alternatives (NASDAQ:IEA) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.94) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.67). Infrastructure and Energy Alternatives had a negative return on equity of 11.34% and a negative net margin of 0.14%. The business had revenue of $190.81 million during the quarter, compared to analysts’ expectations of $144.30 million. Sell-side analysts predict that Infrastructure and Energy Alternatives will post -0.14 EPS for the current year.
In other news, CFO Andrew Dean Layman purchased 14,900 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $3.51 per share, with a total value of $52,299.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.
A hedge fund recently raised its stake in Infrastructure and Energy Alternatives stock. SG Americas Securities LLC grew its stake in Infrastructure and Energy Alternatives (NASDAQ:IEA) by 47.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,709 shares of the company’s stock after purchasing an additional 7,024 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Infrastructure and Energy Alternatives worth $44,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.59% of the company’s stock.
About Infrastructure and Energy Alternatives
Infrastructure and Energy Alternatives, Inc, a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services.
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