Equities research analysts expect Emcor Group Inc (NYSE:EME) to report earnings per share (EPS) of $1.30 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Emcor Group’s earnings, with estimates ranging from $1.29 to $1.32. Emcor Group reported earnings per share of $1.23 during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to issue its next earnings report on Thursday, July 25th.
On average, analysts expect that Emcor Group will report full year earnings of $5.45 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $5.54. For the next financial year, analysts forecast that the firm will report earnings of $5.79 per share, with EPS estimates ranging from $5.60 to $5.93. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Emcor Group.
Emcor Group (NYSE:EME) last released its earnings results on Tuesday, April 30th. The construction company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.05 by $0.23. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis.
Several brokerages recently commented on EME. Zacks Investment Research upgraded shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Thursday, May 2nd. ValuEngine upgraded shares of Emcor Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Maxim Group set a $73.00 price target on shares of Emcor Group and gave the company a “hold” rating in a research report on Friday, April 26th.
In related news, Chairman Anthony Guzzi sold 12,314 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the sale, the chairman now owns 394,190 shares in the company, valued at approximately $30,774,413.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark A. Pompa sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,314 shares of company stock valued at $2,621,354. 1.90% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Emcor Group by 1.7% in the 4th quarter. BlackRock Inc. now owns 6,848,177 shares of the construction company’s stock worth $408,769,000 after buying an additional 117,137 shares in the last quarter. Vanguard Group Inc lifted its position in Emcor Group by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 5,531,946 shares of the construction company’s stock worth $415,505,000 after buying an additional 53,572 shares in the last quarter. Wells Fargo & Company MN lifted its position in Emcor Group by 18.1% in the 1st quarter. Wells Fargo & Company MN now owns 994,518 shares of the construction company’s stock worth $72,679,000 after buying an additional 152,580 shares in the last quarter. Geode Capital Management LLC lifted its position in Emcor Group by 13.6% in the 4th quarter. Geode Capital Management LLC now owns 900,415 shares of the construction company’s stock worth $53,745,000 after buying an additional 107,927 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in Emcor Group by 28.1% in the 4th quarter. Fiera Capital Corp now owns 737,008 shares of the construction company’s stock worth $43,992,000 after buying an additional 161,524 shares in the last quarter. Institutional investors own 93.65% of the company’s stock.
EME stock traded up $0.30 on Monday, hitting $89.20. 225,729 shares of the company’s stock traded hands, compared to its average volume of 257,966. Emcor Group has a 1-year low of $57.29 and a 1-year high of $89.28. The firm has a market cap of $4.99 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19. The stock’s fifty day moving average is $83.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.38.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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