Somewhat Positive News Coverage Somewhat Unlikely to Impact Emcor Group (EME) Stock Price

Media headlines about Emcor Group (NYSE:EME) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Emcor Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 48.0641643777154 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s analysis:

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Several analysts recently commented on EME shares. Zacks Investment Research downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Emcor Group in a report on Tuesday, February 27th. Finally, DA Davidson reiterated a “neutral” rating on shares of Emcor Group in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.00.

Shares of Emcor Group (NYSE EME) traded up $1.94 during trading hours on Thursday, hitting $77.92. 273,997 shares of the stock traded hands, compared to its average volume of 342,108. The firm has a market cap of $4,412.44, a PE ratio of 20.40, a PEG ratio of 1.13 and a beta of 0.99. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Emcor Group has a one year low of $60.30 and a one year high of $85.08.

Emcor Group (NYSE:EME) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.27. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Emcor Group had a net margin of 2.96% and a return on equity of 15.10%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. sell-side analysts forecast that Emcor Group will post 4.48 EPS for the current fiscal year.

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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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