Wall Street analysts predict that Emcor Group Inc (NYSE:EME) will report earnings of $1.50 per share for the current quarter, according to Zacks. Two analysts have made estimates for Emcor Group’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.48. Emcor Group posted earnings per share of $1.38 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 20th.
On average, analysts expect that Emcor Group will report full-year earnings of $5.72 per share for the current fiscal year, with EPS estimates ranging from $5.70 to $5.75. For the next fiscal year, analysts expect that the company will report earnings of $5.94 per share, with EPS estimates ranging from $5.90 to $6.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Emcor Group.
Emcor Group (NYSE:EME) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.04. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Emcor Group had a return on equity of 17.11% and a net margin of 3.51%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS.
EME has been the topic of several research analyst reports. Maxim Group reissued a “hold” rating and issued a $95.00 price objective on shares of Emcor Group in a report on Thursday, October 31st. DA Davidson lifted their price objective on Emcor Group to $107.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. ValuEngine downgraded Emcor Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their price objective on Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Emcor Group presently has a consensus rating of “Buy” and a consensus price target of $98.50.
In other news, CEO Anthony Guzzi sold 5,000 shares of Emcor Group stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $89.04, for a total transaction of $445,200.00. Following the sale, the chief executive officer now owns 354,146 shares of the company’s stock, valued at $31,533,159.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Emcor Group by 42.9% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock valued at $53,000 after purchasing an additional 180 shares during the last quarter. Wealthcare Capital Management LLC acquired a new position in shares of Emcor Group during the third quarter worth approximately $53,000. Huntington National Bank lifted its holdings in Emcor Group by 179.4% in the third quarter. Huntington National Bank now owns 623 shares of the construction company’s stock valued at $54,000 after buying an additional 400 shares during the period. Kavar Capital Partners LLC acquired a new position in Emcor Group in the second quarter valued at approximately $61,000. Finally, Usca Ria LLC acquired a new position in Emcor Group in the third quarter valued at approximately $83,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Shares of NYSE EME traded up $1.20 during mid-day trading on Thursday, reaching $90.61. 240,668 shares of the company were exchanged, compared to its average volume of 347,254. The firm has a 50-day moving average of $87.77 and a 200 day moving average of $85.01. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. Emcor Group has a 1 year low of $57.29 and a 1 year high of $93.54. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 18.45 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 18th were issued a $0.08 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.35%. Emcor Group’s dividend payout ratio is currently 6.52%.
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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