News headlines about EMCOR Group (NYSE:EME) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. EMCOR Group earned a daily sentiment score of 0.37 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 67 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- $0.80 Earnings Per Share Expected for EMCOR Group, Inc. (EME) This Quarter (americanbankingnews.com)
- EME Makes Notable Cross Below Critical Moving Average (nasdaq.com)
- The EMCOR Group, Inc. to Issue Quarterly Dividend of $0.08 (NYSE:EME) (hoyentv.com)
- EMCOR Group, Inc. Second Quarter Conference Call to Be Broadcast over the Internet (finance.yahoo.com)
- Featured Stock Overview: Taiwan Semiconductor Manufacturing Company Limited (TSM) (healthcaremenu.net)
Shares of EMCOR Group (NYSE:EME) opened at 65.41 on Tuesday. The stock’s 50 day moving average is $64.62 and its 200 day moving average is $66.00. The company has a market capitalization of $3.87 billion, a P/E ratio of 19.94 and a beta of 0.88. EMCOR Group has a 52-week low of $50.08 and a 52-week high of $73.44.
EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, April 27th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.20. EMCOR Group had a net margin of 2.60% and a return on equity of 13.37%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the company posted $0.57 EPS. EMCOR Group’s revenue was up 8.4% on a year-over-year basis. Equities analysts expect that EMCOR Group will post $3.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Monday, July 17th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. EMCOR Group’s dividend payout ratio is currently 9.76%.
Separately, Zacks Investment Research upgraded shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 target price on the stock in a report on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. EMCOR Group currently has an average rating of “Hold” and an average price target of $69.25.
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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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