IES (NASDAQ:IESC) Announces Earnings Results, Beats Expectations By $0.40 EPS

Key Points

• IES Holdings, Inc. reported a quarterly earnings per share (EPS) of $3.95, exceeding analysts' expectations by $0.40, along with revenues of $890.20 million, surpassing estimates of $833.00 million.
• The company's stock held steady at $353.19 after a slight increase, and it has a market capitalization of $7.01 billion.
• Insider activity included CEO Jeffrey L. Et Al Gendell selling over 27,000 shares, while institutional investors own a significant 86.60% of IES stock.

IES (NASDAQ:IESC - Get Free Report) issued its quarterly earnings results on Friday. The technology company reported $3.95 EPS for the quarter, topping analysts' consensus estimates of $3.55 by $0.40, Zacks reports. The business had revenue of $890.20 million for the quarter, compared to analyst estimates of $833.00 million. IES had a return on equity of 36.49% and a net margin of 7.76%.

IES Stock Up 0.0%

NASDAQ IESC traded up $0.12 during trading hours on Friday, reaching $353.19. 32,136 shares of the company were exchanged, compared to its average volume of 189,476. The stock has a market capitalization of $7.01 billion, a P/E ratio of 29.82 and a beta of 1.63. IES has a 1 year low of $129.16 and a 1 year high of $370.88. The business's 50 day simple moving average is $292.87 and its 200-day simple moving average is $237.40.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the transaction, the chief executive officer directly owned 10,930,040 shares of the company's stock, valued at $3,015,816,636.80. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 39,630 shares of company stock valued at $10,915,095 in the last 90 days. 56.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IES stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,787 shares of the technology company's stock after purchasing an additional 1,435 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.11% of IES worth $3,762,000 at the end of the most recent quarter. Institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th.

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.

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