Shares of IEC Electronics (NYSE:IEC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $6.50 for the company and are predicting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given IEC Electronics an industry rank of 88 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered IEC Electronics from a “hold” rating to a “sell” rating in a report on Friday. B. Riley reaffirmed a “buy” rating and set a $6.50 target price on shares of IEC Electronics in a report on Saturday, September 3rd. Finally, TheStreet raised IEC Electronics from a “sell” rating to a “hold” rating in a report on Friday, August 26th.
A hedge fund recently raised its stake in IEC Electronics stock. Walthausen & Co. LLC raised its stake in IEC Electronics (NYSE:IEC) by 60.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 reporting period.
Shares of IEC Electronics (NYSE:IEC) opened at 4.03 on Friday. The firm’s 50-day moving average is $4.80 and its 200-day moving average is $4.65. The firm has a market cap of $41.40 million and a P/E ratio of 8.63. 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $32.50 million for the quarter, compared to analysts’ expectations of $32.99 million. Analysts anticipate that IEC Electronics will post $0.58 earnings per share for the current year.
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.
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