Equities research analysts predict that Emcor Group Inc (NYSE:EME) will report $1.82 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Emcor Group’s earnings. The lowest sales estimate is $1.77 billion and the highest is $1.84 billion. Emcor Group reported sales of $1.89 billion in the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Emcor Group will report full year sales of $1.82 billion for the current fiscal year, with estimates ranging from $7.70 billion to $7.78 billion. For the next financial year, analysts expect that the firm will report sales of $8.10 billion per share, with estimates ranging from $7.95 billion to $8.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Emcor Group.
Emcor Group (NYSE:EME) last announced its earnings results on Thursday, February 22nd. The construction company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.27. Emcor Group had a return on equity of 15.10% and a net margin of 2.96%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.72 EPS. Emcor Group’s quarterly revenue was up 3.2% on a year-over-year basis.
A number of brokerages have issued reports on EME. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, February 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 target price on shares of Emcor Group in a research report on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating on shares of Emcor Group in a research report on Friday, February 23rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Emcor Group presently has an average rating of “Hold” and a consensus price target of $86.00.
In other news, Director William P. Reid sold 4,647 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of EME. Aperio Group LLC increased its holdings in shares of Emcor Group by 3.4% in the 3rd quarter. Aperio Group LLC now owns 27,329 shares of the construction company’s stock valued at $1,896,000 after acquiring an additional 899 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Emcor Group in the 3rd quarter valued at approximately $362,000. State of Tennessee Treasury Department increased its holdings in shares of Emcor Group by 76.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 52,942 shares of the construction company’s stock valued at $3,673,000 after acquiring an additional 22,942 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Emcor Group by 36.4% in the 3rd quarter. Bessemer Group Inc. now owns 31,100 shares of the construction company’s stock valued at $2,158,000 after acquiring an additional 8,300 shares during the last quarter. Finally, FDx Advisors Inc. increased its holdings in shares of Emcor Group by 7.7% in the 3rd quarter. FDx Advisors Inc. now owns 14,194 shares of the construction company’s stock valued at $985,000 after acquiring an additional 1,011 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.
Shares of Emcor Group (NYSE EME) traded up $0.58 on Friday, hitting $80.98. The company’s stock had a trading volume of 713,521 shares, compared to its average volume of 350,518. Emcor Group has a one year low of $59.76 and a one year high of $85.08. The firm has a market cap of $4,699.05, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.38.
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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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