Infrastructure and Energy Alternatives (IEA) Set to Announce Quarterly Earnings on Monday

Infrastructure and Energy Alternatives (NASDAQ:IEAGet Rating) will announce its earnings results after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Shares of NASDAQ:IEA opened at $9.35 on Monday. The firm’s 50-day simple moving average is $11.89 and its 200-day simple moving average is $10.71. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 8.61. Infrastructure and Energy Alternatives has a fifty-two week low of $7.57 and a fifty-two week high of $14.45.

IEA has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Infrastructure and Energy Alternatives from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 15th. Sidoti initiated coverage on shares of Infrastructure and Energy Alternatives in a report on Friday, March 18th. They issued a “buy” rating and a $17.00 target price on the stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Infrastructure and Energy Alternatives by 8.6% in the fourth quarter. BlackRock Inc. now owns 1,720,535 shares of the company’s stock valued at $15,829,000 after purchasing an additional 136,590 shares during the period. Millennium Management LLC acquired a new position in Infrastructure and Energy Alternatives during the fourth quarter worth about $10,045,000. Goldman Sachs Group Inc. raised its position in Infrastructure and Energy Alternatives by 352.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 521,892 shares of the company’s stock worth $4,802,000 after acquiring an additional 406,667 shares during the last quarter. Geode Capital Management LLC raised its position in Infrastructure and Energy Alternatives by 12.9% during the fourth quarter. Geode Capital Management LLC now owns 489,214 shares of the company’s stock worth $4,500,000 after acquiring an additional 56,059 shares during the last quarter. Finally, State Street Corp raised its position in Infrastructure and Energy Alternatives by 25.5% during the fourth quarter. State Street Corp now owns 411,803 shares of the company’s stock worth $3,789,000 after acquiring an additional 83,789 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Infrastructure and Energy Alternatives Company Profile (Get Rating)

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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