Equities analysts predict that Emcor Group Inc (NYSE:EME) will announce earnings per share (EPS) of $1.22 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Emcor Group’s earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.20. Emcor Group posted earnings of $1.09 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The company is expected to report its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Emcor Group will report full-year earnings of $4.67 per share for the current financial year, with EPS estimates ranging from $4.55 to $4.77. For the next fiscal year, analysts forecast that the firm will report earnings of $5.01 per share, with EPS estimates ranging from $4.87 to $5.10. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Emcor Group.
Emcor Group (NYSE:EME) last released its earnings results on Thursday, July 26th. The construction company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. Emcor Group had a net margin of 3.15% and a return on equity of 15.44%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The company’s revenue was up 3.1% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded shares of Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Emcor Group presently has an average rating of “Hold” and a consensus price target of $86.00.
EME stock traded down $0.68 during midday trading on Friday, reaching $76.76. The company had a trading volume of 177,051 shares, compared to its average volume of 285,604. Emcor Group has a 1 year low of $62.15 and a 1 year high of $85.08. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.10 and a beta of 0.97.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, July 20th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, July 19th. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. Emcor Group’s payout ratio is 7.88%.
In other Emcor Group news, Director Jerry E. Ryan sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $78.10, for a total value of $156,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP grew its position in Emcor Group by 86.9% in the 2nd quarter. Systematic Financial Management LP now owns 455,583 shares of the construction company’s stock worth $34,706,000 after purchasing an additional 211,837 shares during the last quarter. BlackRock Inc. grew its position in Emcor Group by 3.2% in the 2nd quarter. BlackRock Inc. now owns 6,483,730 shares of the construction company’s stock worth $493,931,000 after purchasing an additional 202,856 shares during the last quarter. First Quadrant L P CA grew its position in Emcor Group by 1,119.0% in the 2nd quarter. First Quadrant L P CA now owns 139,598 shares of the construction company’s stock worth $10,635,000 after purchasing an additional 128,146 shares during the last quarter. Wells Fargo & Company MN grew its position in Emcor Group by 9.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,123,368 shares of the construction company’s stock worth $87,545,000 after purchasing an additional 96,213 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Emcor Group by 305.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 106,441 shares of the construction company’s stock worth $8,295,000 after purchasing an additional 80,204 shares during the last quarter. Institutional investors and hedge funds own 93.45% of the company’s stock.
Emcor Group Company Profile
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 process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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