EMCOR Group, Inc. (NYSE:EME – Get Free Report) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.40 per share by the construction company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th.
EMCOR Group has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 5 years. EMCOR Group has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EMCOR Group to earn $32.83 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 4.9%.
EMCOR Group Stock Performance
Shares of EME stock traded down $25.07 during trading on Wednesday, hitting $804.81. The company had a trading volume of 342,350 shares, compared to its average volume of 387,382. The firm has a market capitalization of $35.77 billion, a P/E ratio of 27.00 and a beta of 1.12. The stock’s 50-day moving average price is $857.69 and its 200 day moving average price is $766.92. EMCOR Group has a one year low of $529.04 and a one year high of $951.96.
Analyst Upgrades and Downgrades
EME has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a research note on Tuesday, June 16th. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. UBS Group increased their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $871.25.
View Our Latest Stock Analysis on EME
About EMCOR Group
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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