EMCOR Group, Inc. (NYSE:EME) released its quarterly earnings data on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.27, Bloomberg Earnings reports. EMCOR Group had a return on equity of 13.94% and a net margin of 2.82%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. EMCOR Group updated its FY17 guidance to $3.70-3.80 EPS.
Shares of EMCOR Group (NYSE EME) opened at $79.04 on Friday. EMCOR Group has a 12 month low of $59.76 and a 12 month high of $81.77. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4,648.66, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 17th were paid a $0.08 dividend. The ex-dividend date was Monday, October 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. EMCOR Group’s dividend payout ratio (DPR) is 8.94%.
In other EMCOR Group news, Director Jerry E. Ryan sold 13,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $78.06, for a total transaction of $1,014,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
EMCOR Group announced that its board has approved a stock repurchase program on Thursday, October 26th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of research analysts recently issued reports on EME shares. BidaskClub downgraded EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Monday, July 31st. KeyCorp reissued a “hold” rating on shares of EMCOR Group in a research report on Friday, August 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $88.00 price target (up from $75.00) on shares of EMCOR Group in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.33.
EMCOR Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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