Equities research analysts expect Emcor Group Inc (NYSE:EME) to announce earnings of $1.41 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Emcor Group’s earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.44. Emcor Group posted earnings per share of $1.36 in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 29th.
According to Zacks, analysts expect that Emcor Group will report full year earnings of $5.69 per share for the current year, with EPS estimates ranging from $5.63 to $5.75. For the next financial year, analysts expect that the company will report earnings of $5.95 per share, with EPS estimates ranging from $5.84 to $6.02. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Emcor Group.
Emcor Group (NYSE:EME) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.19. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share.
Several analysts have recently issued reports on EME shares. ValuEngine cut shares of Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on shares of Emcor Group from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Maxim Group reissued a “hold” rating and set a $85.00 price target on shares of Emcor Group in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Emcor Group has a consensus rating of “Buy” and a consensus target price of $90.00.
Hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Emcor Group by 42.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock worth $53,000 after buying an additional 180 shares during the period. Wealthcare Capital Management LLC purchased a new stake in shares of Emcor Group during the third quarter worth approximately $53,000. Kavar Capital Partners LLC purchased a new stake in shares of Emcor Group during the second quarter worth approximately $61,000. SRS Capital Advisors Inc. purchased a new stake in shares of Emcor Group during the second quarter worth approximately $97,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Emcor Group during the second quarter worth approximately $123,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.
Shares of EME opened at $88.82 on Wednesday. The stock has a market capitalization of $5.02 billion, a PE ratio of 18.09 and a beta of 1.12. Emcor Group has a 1 year low of $57.29 and a 1 year high of $91.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.42. The company’s 50-day simple moving average is $86.28 and its 200-day simple moving average is $83.60.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 18th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, October 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. Emcor Group’s dividend payout ratio is presently 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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