Equities research analysts forecast that EMCOR Group, Inc. (NYSE:EME) will report earnings of $0.80 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for EMCOR Group’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.78. EMCOR Group posted earnings of $0.95 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.8%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that EMCOR Group will report full-year earnings of $3.46 per share for the current year, with EPS estimates ranging from $3.43 to $3.50. For the next financial year, analysts anticipate that the company will post earnings of $3.83 per share, with EPS estimates ranging from $3.74 to $3.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow EMCOR Group.
EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, April 27th. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.68 by $0.20. EMCOR Group had a return on equity of 13.37% and a net margin of 2.60%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business posted $0.57 EPS. The company’s revenue was up 8.4% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on EME shares. BidaskClub lowered shares of EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 price target on the stock in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. EMCOR Group currently has an average rating of “Hold” and an average target price of $69.25.
Shares of EMCOR Group (EME) traded down 0.83% during mid-day trading on Monday, reaching $65.42. The company’s stock had a trading volume of 135,779 shares. The firm has a market cap of $3.88 billion, a PE ratio of 19.94 and a beta of 0.88. The firm’s 50 day moving average is $65.35 and its 200 day moving average is $65.38. EMCOR Group has a one year low of $50.34 and a one year high of $73.44.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Monday, July 17th will be given 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 dividend yield of 0.49%. EMCOR Group’s payout ratio is currently 9.76%.
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Several institutional investors have recently bought and sold shares of EME. Benjamin F. Edwards & Company Inc. boosted its position in shares of EMCOR Group by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,231 shares of the construction company’s stock valued at $203,000 after buying an additional 20 shares in the last quarter. Ronald Blue & Co. LLC raised its stake in shares of EMCOR Group by 2.0% in the first quarter. Ronald Blue & Co. LLC now owns 3,671 shares of the construction company’s stock worth $231,000 after buying an additional 73 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of EMCOR Group by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the construction company’s stock worth $951,000 after buying an additional 100 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of EMCOR Group by 0.3% in the second quarter. Sit Investment Associates Inc. now owns 37,525 shares of the construction company’s stock worth $2,453,000 after buying an additional 100 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of EMCOR Group by 1.3% in the first quarter. Advantus Capital Management Inc now owns 7,638 shares of the construction company’s stock worth $481,000 after buying an additional 101 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.
About EMCOR Group
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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