IEC Electronics Corp (NYSE:IEC) Issues Earnings Results

IEC Electronics Corp (NYSE:IEC) posted its earnings results on Wednesday. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07, MarketWatch Earnings reports. The firm had revenue of $26.49 million during the quarter, compared to analysts’ expectations of $26 million. IEC Electronics Corp had a negative net margin of 2.88% and a negative return on equity of 19.12%.

IEC Electronics Corp (NYSE:IEC) traded up 2.65% during trading on Thursday, hitting $4.26. 24,569 shares of the stock were exchanged. The stock has a market cap of $43.95 million and a price-to-earnings ratio of 137.42. The firm’s 50 day moving average price is $3.84 and its 200-day moving average price is $3.73. IEC Electronics Corp has a 1-year low of $3.21 and a 1-year high of $5.38.

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A number of research firms have issued reports on IEC. Noble Financial reiterated a “buy” rating on shares of IEC Electronics Corp in a research note on Saturday, July 1st. Zacks Investment Research cut shares of IEC Electronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, TheStreet cut shares of IEC Electronics Corp from a “c” rating to a “d+” rating in a research note on Monday, June 12th.

IEC Electronics Corp Company Profile

IEC Electronics Corp. provides electronic manufacturing services (EMS) to a range of technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with an array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking.

Earnings History for IEC Electronics Corp (NYSE:IEC)

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