IES (IESC) to Release Quarterly Earnings on Friday

IES (NASDAQ:IESC) will post its quarterly earnings results before the market opens on Friday, August 2nd.

IES (NASDAQ:IESC) last issued its earnings results on Friday, May 3rd. The technology company reported $2.29 EPS for the quarter. The company had revenue of $705.80 million during the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.

IES Price Performance

Shares of IES stock traded down $1.79 on Tuesday, hitting $138.13. 41,500 shares of the company’s stock traded hands, compared to its average volume of 130,636. IES has a one year low of $56.08 and a one year high of $184.38. The stock has a market capitalization of $2.80 billion, a PE ratio of 21.10 and a beta of 1.36. The firm’s 50-day moving average price is $143.56 and its two-hundred day moving average price is $125.02.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of IES from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Insider Activity

In other news, COO Matthew J. Simmes sold 14,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $170.52, for a total value of $2,387,280.00. Following the completion of the transaction, the chief operating officer now owns 73,110 shares of the company’s stock, valued at approximately $12,466,717.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jeffrey L. Et Al Gendell sold 32,496 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $136.06, for a total value of $4,421,405.76. Following the completion of the transaction, the chief executive officer now directly owns 11,352,349 shares of the company’s stock, valued at approximately $1,544,600,604.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Matthew J. Simmes sold 14,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total transaction of $2,387,280.00. Following the completion of the transaction, the chief operating officer now directly owns 73,110 shares of the company’s stock, valued at $12,466,717.20. The disclosure for this sale can be found here. Insiders sold 133,757 shares of company stock valued at $18,360,416 in the last quarter. Company insiders own 59.19% 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.