Infrastructure and Energy Alternatives (IEA) Receives Average Recommendation of “Buy” from Brokerages

Shares of Infrastructure and Energy Alternatives (NASDAQ:IEA) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 1 year consensus target price of $9.13 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Infrastructure and Energy Alternatives an industry rank of 141 out of 256 based on the ratings given to related companies.

A number of equities research analysts recently weighed in on IEA shares. Zacks Investment Research upgraded shares of Infrastructure and Energy Alternatives from a “strong sell” rating to a “hold” rating and set a $5.00 price objective on the stock in a research note on Wednesday, May 15th. DA Davidson cut their price objective on shares of Infrastructure and Energy Alternatives from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 20th.

In other Infrastructure and Energy Alternatives news, CFO Andrew Dean Layman purchased 14,900 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of $3.51 per share, for a total transaction of $52,299.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.16% of the stock is currently owned by insiders.

Shares of NASDAQ IEA traded down $0.11 during midday trading on Wednesday, reaching $2.59. 61,838 shares of the company traded hands, compared to its average volume of 69,435. Infrastructure and Energy Alternatives has a 52 week low of $2.38 and a 52 week high of $11.27. The stock has a market cap of $62.31 million, a P/E ratio of -3.24 and a beta of 0.85.

Infrastructure and Energy Alternatives (NASDAQ:IEA) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.67). Infrastructure and Energy Alternatives had a negative net margin of 0.14% and a negative return on equity of 11.34%. The company had revenue of $190.81 million for the quarter, compared to the consensus estimate of $144.30 million. Analysts expect 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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