Infrastructure and Energy Alternatives (NASDAQ:IEA) Issues Quarterly Earnings Results


Infrastructure and Energy Alternatives (NASDAQ:IEA – Get Rating) posted its earnings results on Thursday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07, Fidelity Earnings reports. Infrastructure and Energy Alternatives had a negative net margin of 3.42% and a negative return on equity of 402.74%.

Infrastructure and Energy Alternatives Stock Up 0.4%

Shares of Infrastructure and Energy Alternatives stock traded up $0.06 during mid-day trading on Friday, reaching $14.27. 449,082 shares of the stock were exchanged, compared to its average volume of 1,846,813. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 45.77. The firm has a 50-day simple moving average of $9.91 and a 200 day simple moving average of $10.27. Infrastructure and Energy Alternatives has a fifty-two week low of $6.38 and a fifty-two week high of $14.45.

Analysts Set New Price Targets

IEA has been the subject of several recent research reports. DA Davidson downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Guggenheim downgraded shares of Infrastructure and Energy Alternatives to a “neutral” rating in a report on Tuesday, July 26th. Stifel Nicolaus downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Sidoti downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a report on Monday, July 25th.

Institutional Investors Weigh In On Infrastructure and Energy Alternatives

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A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in Infrastructure and Energy Alternatives by 70.2% during the 1st quarter. Bank of America Corp DE now owns 94,609 shares of the company’s stock worth $1,121,000 after acquiring an additional 39,025 shares during the last quarter. Walleye Capital LLC bought a new stake in Infrastructure and Energy Alternatives during the 1st quarter worth about $1,133,000. Virtu Financial LLC bought a new stake in Infrastructure and Energy Alternatives during the 1st quarter worth about $137,000. Quantbot Technologies LP bought a new stake in Infrastructure and Energy Alternatives during the 1st quarter worth about $139,000. Finally, Wellington Management Group LLP grew its holdings in Infrastructure and Energy Alternatives by 206.9% during the 1st quarter. Wellington Management Group LLP now owns 562,800 shares of the company’s stock worth $6,669,000 after acquiring an additional 379,400 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Infrastructure and Energy Alternatives

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Infrastructure and Energy Alternatives, Inc, through its subsidiaries, operates as a diversified infrastructure construction company in the United States. The company engages in providing engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries.

See Also

Earnings History for Infrastructure and Energy Alternatives (NASDAQ:IEA)

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