Emcor Group (EME) Set to Announce Earnings on Wednesday

Emcor Group (NYSE:EME) will post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect Emcor Group to post earnings of $0.86 per share for the quarter.

Shares of Emcor Group (NYSE:EME) opened at $75.44 on Wednesday. Emcor Group has a 1 year low of $59.76 and a 1 year high of $85.08. The stock has a market capitalization of $4,464.56, a P/E ratio of 21.07, a P/E/G ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.41.

Emcor Group announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Friday, January 12th. Emcor Group’s dividend payout ratio is presently 8.94%.

In other Emcor Group news, Director William P. Reid sold 4,647 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

EME has been the topic of several recent analyst reports. Zacks Investment Research lowered Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. ValuEngine lowered Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price target (up previously from $75.00) on shares of Emcor Group in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $88.50.

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Emcor Group Company Profile

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.

Earnings History for Emcor Group (NYSE:EME)

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