Press coverage about Emcor Group (NYSE:EME) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Emcor Group earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.540347715862 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Emcor Group (EME) traded down $0.04 during midday trading on Monday, reaching $81.08. The company had a trading volume of 464,136 shares, compared to its average volume of 356,918. Emcor Group has a 1 year low of $59.76 and a 1 year high of $81.88. The stock has a market capitalization of $4,770.98, a P/E ratio of 22.29, a PEG ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.41.
Emcor Group (NYSE:EME) last released its earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.27. 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 period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. sell-side analysts predict that Emcor Group will post 3.79 EPS for the current fiscal year.
Emcor Group declared that its board has authorized a stock buyback program on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Several analysts have recently issued reports on EME shares. Stifel Nicolaus restated a “buy” rating and issued a $88.00 price objective (up from $75.00) on shares of Emcor Group in a research report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. ValuEngine downgraded Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded Emcor Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.33.
In other news, Director Jerry E. Ryan sold 13,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.
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About Emcor Group
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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