Brokerages expect Emcor Group Inc (NYSE:EME) to announce $1.93 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Emcor Group’s earnings. The lowest sales estimate is $1.91 billion and the highest is $1.96 billion. Emcor Group reported sales of $1.95 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The business is scheduled to issue its next earnings results on Thursday, February 22nd.
On average, analysts expect that Emcor Group will report full year sales of $1.93 billion for the current fiscal year, with estimates ranging from $7.59 billion to $7.63 billion. For the next fiscal year, analysts expect that the company will report sales of $7.95 billion per share, with estimates ranging from $7.88 billion to $8.04 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Emcor Group.
Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.27. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis.
A number of equities research analysts have recently weighed in on EME shares. Zacks Investment Research cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. KeyCorp reissued a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $88.00 target price (up from $75.00) on shares of Emcor Group in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $88.50.
Shares of Emcor Group (EME) opened at $76.19 on Friday. Emcor Group has a one year low of $59.76 and a one year high of $85.08. 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 firm has a market capitalization of $4,435.74, a price-to-earnings ratio of 20.72, a PEG ratio of 1.25 and a beta of 0.96.
Emcor Group declared that its board has approved a stock buyback program on Thursday, October 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, January 12th. This represents a $0.32 annualized dividend and a yield of 0.42%. Emcor Group’s payout ratio is 8.94%.
In related news, Director William P. Reid sold 4,647 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EME. Assenagon Asset Management S.A. purchased a new stake in Emcor Group during the 3rd quarter worth about $3,195,000. Train Babcock Advisors LLC lifted its holdings in Emcor Group by 4.4% during the 3rd quarter. Train Babcock Advisors LLC now owns 43,680 shares of the construction company’s stock worth $3,030,000 after buying an additional 1,835 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Emcor Group by 6.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,068,029 shares of the construction company’s stock worth $74,100,000 after buying an additional 65,047 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Emcor Group by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 77,177 shares of the construction company’s stock worth $5,355,000 after buying an additional 3,849 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Emcor Group during the 3rd quarter worth about $298,000. 95.19% of the stock is owned by hedge funds and other institutional investors.
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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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