News headlines about Emcor Group (NYSE:EME) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Emcor Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.3044455530118 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 target price (up from $75.00) on shares of Emcor Group in a research note on Wednesday, November 1st. ValuEngine cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.50.
Emcor Group (NYSE EME) traded up $0.15 during mid-day trading on Wednesday, reaching $82.69. The company’s stock had a trading volume of 403,460 shares, compared to its average volume of 358,191. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.41. The company has a market capitalization of $4,948.59, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02. Emcor Group has a 12 month low of $59.76 and a 12 month high of $85.08.
Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.27. Emcor Group had a net margin of 2.82% and a return on equity of 13.94%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. analysts predict that Emcor Group will post 3.79 EPS for the current fiscal year.
Emcor Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 26th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, January 12th. Emcor Group’s dividend payout ratio is currently 8.94%.
In related news, Director William P. Reid sold 4,647 shares of Emcor Group stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total transaction of $385,236.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jerry E. Ryan sold 13,000 shares of Emcor Group 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 disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
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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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