Infrastructure and Energy Alternatives (NASDAQ:IEA) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a twelve-month consensus price objective of $9.13 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also assigned Infrastructure and Energy Alternatives an industry rank of 97 out of 256 based on the ratings given to its competitors.
IEA has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Infrastructure and Energy Alternatives from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. ValuEngine raised shares of Infrastructure and Energy Alternatives from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oaktree Capital Management LP purchased a new stake in Infrastructure and Energy Alternatives in the 2nd quarter worth $39,000. SG Americas Securities LLC increased its holdings in shares of Infrastructure and Energy Alternatives by 47.8% in the 2nd quarter. SG Americas Securities LLC now owns 21,709 shares of the company’s stock worth $44,000 after buying an additional 7,024 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Infrastructure and Energy Alternatives in the 2nd quarter worth about $138,000. Paloma Partners Management Co bought a new stake in shares of Infrastructure and Energy Alternatives in the 2nd quarter worth about $141,000. Finally, United Capital Financial Advisers LLC increased its holdings in shares of Infrastructure and Energy Alternatives by 152.2% in the 2nd quarter. United Capital Financial Advisers LLC now owns 116,000 shares of the company’s stock worth $237,000 after buying an additional 70,000 shares during the last quarter. Institutional investors own 17.85% of the company’s stock.
Shares of IEA stock traded up $0.11 during mid-day trading on Wednesday, reaching $3.92. 106 shares of the company’s stock traded hands, compared to its average volume of 307,114. Infrastructure and Energy Alternatives has a 12 month low of $1.81 and a 12 month high of $11.27. The firm’s 50 day moving average price is $2.76. The stock has a market cap of $82.11 million, a price-to-earnings ratio of -4.90 and a beta of 0.44.
Infrastructure and Energy Alternatives (NASDAQ:IEA) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.63). The firm had revenue of $327.96 million for the quarter, compared to analysts’ expectations of $330.00 million. On average, analysts forecast that Infrastructure and Energy Alternatives will post -0.14 EPS for the current year.
Infrastructure and Energy Alternatives Company Profile
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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