Analysts Anticipate IEC Electronics (IEC) to Post $0.12 EPS
Shares of IEC Electronics (NYSE:IEC) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price objective of $6.50 for the company and are forecasting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned IEC Electronics an industry rank of 173 out of 265 based on the ratings given to its competitors.
Several analysts recently commented on the company. TheStreet raised IEC Electronics from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Zacks Investment Research lowered IEC Electronics from a “hold” rating to a “sell” rating in a report on Friday, October 14th. Finally, B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of IEC Electronics in a research report on Friday, August 5th.
IEC Electronics (NYSE:IEC) opened at 4.00 on Friday. The stock’s 50 day moving average price is $4.75 and its 200 day moving average price is $4.64. The company has a market cap of $41.10 million and a P/E ratio of 8.57. IEC Electronics has a 52-week low of $2.59 and a 52-week high of $5.64.
IEC Electronics (NYSE:IEC) last posted its earnings results on Wednesday, August 10th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $32.50 million for the quarter, compared to analyst estimates of $32.99 million. Analysts expect that IEC Electronics will post $0.58 earnings per share for the current year.
A hedge fund recently raised its stake in IEC Electronics stock. Walthausen & Co. LLC raised its position in IEC Electronics (NYSE:IEC) by 60.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,000 shares of the company’s stock after buying an additional 30,000 shares during the period. Walthausen & Co. LLC owned about 0.78% of IEC Electronics worth $332,000 at the end of the most recent quarter.
About IEC Electronics
IEC Electronics Corp. provides electronic contract manufacturing services (EMS) to companies in various industries that require advanced technology. The Company specializes in the custom manufacture of circuit board and system-level assemblies; a range of cable and wire harness assemblies capable of withstanding extreme environments, and precision metal components.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IEC Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IEC Electronics and related companies with MarketBeat.com's FREE daily email newsletter.