-$0.10 EPS Expected for Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) This Quarter


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Analysts expect Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) to announce ($0.10) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Infrastructure and Energy Alternatives’ earnings. Infrastructure and Energy Alternatives posted earnings per share of $0.31 during the same quarter last year, which indicates a negative year over year growth rate of 132.3%. The company is scheduled to report its next earnings report on Tuesday, March 9th.

According to Zacks, analysts expect that Infrastructure and Energy Alternatives will report full year earnings of ($0.19) per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.39 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Infrastructure and Energy Alternatives.

Infrastructure and Energy Alternatives (NASDAQ:IEA) last released its earnings results on Monday, November 9th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. Infrastructure and Energy Alternatives had a negative return on equity of 12.99% and a net margin of 0.70%. The firm had revenue of $522.23 million during the quarter.

Several equities research analysts have weighed in on the company. ValuEngine cut Infrastructure and Energy Alternatives from a “buy” rating to a “hold” rating in a research note on Tuesday, December 1st. DA Davidson upped their price target on shares of Infrastructure and Energy Alternatives from $6.50 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 11th. Zacks Investment Research downgraded shares of Infrastructure and Energy Alternatives from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, BidaskClub upgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “strong-buy” rating in a report on Monday, December 28th.

In related news, Director Terence R. Montgomery sold 6,000 shares of the stock in a transaction on Thursday, December 24th. The stock was sold at an average price of $17.88, for a total value of $107,280.00. Following the completion of the sale, the director now directly owns 51,493 shares in the company, valued at $920,694.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Gil Melman sold 9,154 shares of the stock in a transaction on Monday, December 28th. The shares were sold at an average price of $18.51, for a total value of $169,440.54. The disclosure for this sale can be found here. Insiders have sold 17,554 shares of company stock valued at $321,073 over the last quarter. Company insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Infrastructure and Energy Alternatives during the 3rd quarter worth approximately $64,000. Ardsley Advisory Partners LP increased its stake in shares of Infrastructure and Energy Alternatives by 1,324.7% during the 3rd quarter. Ardsley Advisory Partners LP now owns 1,068,505 shares of the company’s stock worth $6,358,000 after purchasing an additional 993,505 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Infrastructure and Energy Alternatives during the 3rd quarter worth approximately $50,000. Blair William & Co. IL purchased a new stake in shares of Infrastructure and Energy Alternatives during the 3rd quarter worth approximately $137,000. Finally, GWM Advisors LLC purchased a new stake in shares of Infrastructure and Energy Alternatives during the 3rd quarter worth approximately $83,000. Institutional investors and hedge funds own 11.48% of the company’s stock.

NASDAQ IEA traded down $1.20 on Friday, hitting $22.22. 35,341 shares of the company’s stock were exchanged, compared to its average volume of 1,318,484. The stock has a 50-day moving average of $14.88 and a 200-day moving average of $8.09. Infrastructure and Energy Alternatives has a 52 week low of $1.63 and a 52 week high of $24.13. The stock has a market cap of $506.37 million, a price-to-earnings ratio of 390.40 and a beta of 1.78.

Infrastructure and Energy Alternatives Company Profile

Infrastructure and Energy Alternatives, Inc, through various 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.

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