Q2 2019 EPS Estimates for Infrastructure and Energy Alternatives Reduced by DA Davidson (IEA)

Infrastructure and Energy Alternatives (NYSE:IEA) – Investment analysts at DA Davidson decreased their Q2 2019 EPS estimates for Infrastructure and Energy Alternatives in a research note issued to investors on Monday, May 20th. DA Davidson analyst B. Thielman now anticipates that the company will earn $0.02 per share for the quarter, down from their prior estimate of $0.25. DA Davidson currently has a “Neutral” rating and a $7.00 price objective on the stock. DA Davidson also issued estimates for Infrastructure and Energy Alternatives’ Q4 2019 earnings at $0.24 EPS, FY2019 earnings at ($0.14) EPS and FY2020 earnings at $0.37 EPS.

Infrastructure and Energy Alternatives (NYSE:IEA) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.67). The firm had revenue of $190.81 million for the quarter, compared to analysts’ expectations of $144.30 million.

Separately, Zacks Investment Research lowered shares of Infrastructure and Energy Alternatives from a “hold” rating to a “sell” rating in a report on Thursday, February 21st.

Shares of IEA stock opened at $3.45 on Thursday. Infrastructure and Energy Alternatives has a one year low of $3.43 and a one year high of $11.27.

Several hedge funds have recently modified their holdings of the company. Royce & Associates LP lifted its holdings in shares of Infrastructure and Energy Alternatives by 15.9% in the 4th quarter. Royce & Associates LP now owns 875,100 shares of the company’s stock worth $7,167,000 after acquiring an additional 120,100 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Infrastructure and Energy Alternatives by 36.6% in the 3rd quarter. Vanguard Group Inc now owns 499,605 shares of the company’s stock worth $5,245,000 after acquiring an additional 133,763 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Infrastructure and Energy Alternatives by 36.6% in the 3rd quarter. Vanguard Group Inc. now owns 499,605 shares of the company’s stock worth $5,245,000 after acquiring an additional 133,763 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in Infrastructure and Energy Alternatives by 44.1% during the 4th quarter. Perritt Capital Management Inc. now owns 307,839 shares of the company’s stock worth $2,521,000 after buying an additional 94,139 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Infrastructure and Energy Alternatives by 131.0% during the 3rd quarter. Renaissance Technologies LLC now owns 238,423 shares of the company’s stock worth $2,503,000 after buying an additional 135,200 shares in the last quarter.

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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Earnings History and Estimates for Infrastructure and Energy Alternatives (NYSE:IEA)

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