EMCOR Group (NYSE:EME – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $15.50-16.50 for the period, compared to the consensus earnings per share estimate of $14.13. The company issued revenue guidance of $14.0-14.5 billion, compared to the consensus revenue estimate of $13.71 billion. EMCOR Group also updated its FY 2024 guidance to 15.500-16.500 EPS.
EMCOR Group Price Performance
Shares of EME stock traded up $4.67 during mid-day trading on Friday, hitting $354.02. The stock had a trading volume of 609,345 shares, compared to its average volume of 424,596. EMCOR Group has a fifty-two week low of $161.49 and a fifty-two week high of $369.53. The firm has a market cap of $16.64 billion, a PE ratio of 23.35 and a beta of 1.10. The company’s 50-day simple moving average is $328.76 and its 200-day simple moving average is $255.59.
EMCOR Group (NYSE:EME – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The firm had revenue of $3.43 billion during the quarter. On average, analysts expect that EMCOR Group will post 16 EPS for the current year.
EMCOR Group Increases Dividend
Analysts Set New Price Targets
EME has been the subject of several recent research reports. KeyCorp initiated coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They set a sector weight rating for the company. DA Davidson restated a buy rating and set a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.
View Our Latest Research Report on EME
Insider Transactions at EMCOR Group
In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.
About EMCOR Group
EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.
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