Brokerages Anticipate Infrastructure and Energy Alternatives (NASDAQ:IEA) to Announce $0.20 EPS

Posted by Chris Copeland on Dec 4th, 2019

Shares of Infrastructure and Energy Alternatives (NASDAQ:IEA) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price objective of $3.00 for the company and are anticipating that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Infrastructure and Energy Alternatives an industry rank of 143 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Infrastructure and Energy Alternatives from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Friday, November 15th.

Several institutional investors have recently made changes to their positions in IEA. Crow Point Partners LLC acquired a new position in Infrastructure and Energy Alternatives during the third quarter valued at $104,000. Oaktree Capital Management LP purchased a new stake in Infrastructure and Energy Alternatives in the 2nd quarter worth approximately $39,000. Jane Street Group LLC purchased a new stake in Infrastructure and Energy Alternatives in the 2nd quarter worth approximately $138,000. Paloma Partners Management Co acquired a new stake in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth approximately $141,000. Finally, United Capital Financial Advisers LLC increased its holdings in shares of Infrastructure and Energy Alternatives by 152.2% during the 2nd quarter. United Capital Financial Advisers LLC now owns 116,000 shares of the company’s stock valued at $237,000 after purchasing an additional 70,000 shares in the last quarter. 13.91% of the stock is owned by hedge funds and other institutional investors.

Shares of IEA stock traded up $0.36 during mid-day trading on Friday, hitting $3.61. 2,067 shares of the stock traded hands, compared to its average volume of 46,352. Infrastructure and Energy Alternatives has a 52-week low of $1.81 and a 52-week high of $9.42. The stock’s fifty day moving average price is $2.65. The stock has a market capitalization of $72.31 million, a PE ratio of -4.55 and a beta of 0.12.

About Infrastructure and Energy Alternatives

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.