Analysts Anticipate Emcor Group Inc (NYSE:EME) Will Announce Earnings of $1.41 Per Share

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Wall Street analysts expect Emcor Group Inc (NYSE:EME) to post earnings per share (EPS) of $1.41 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Emcor Group’s earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.44. Emcor Group posted earnings per share of $1.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The company is expected to issue its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Emcor Group will report full year earnings of $5.69 per share for the current financial year, with EPS estimates ranging from $5.63 to $5.75. For the next fiscal year, analysts forecast that the company will post earnings of $5.95 per share, with EPS estimates ranging from $5.84 to $6.02. 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 quarterly earnings results on Tuesday, July 30th. The construction company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.19. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.12 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. Emcor Group’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company posted $1.21 EPS.

EME has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective on the stock in a research report on Thursday, May 2nd. Maxim Group reiterated a “hold” rating and issued a $85.00 target price on shares of Emcor Group in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus lifted their target price on shares of Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $90.00.

Shares of Emcor Group stock traded down $0.50 during trading hours on Thursday, reaching $80.87. The company’s stock had a trading volume of 248,861 shares, compared to its average volume of 355,766. The company’s 50 day simple moving average is $85.16 and its 200 day simple moving average is $78.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.42. Emcor Group has a one year low of $57.29 and a one year high of $89.54. The stock has a market cap of $4.65 billion, a P/E ratio of 16.47 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Friday, July 19th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Thursday, July 18th. Emcor Group’s dividend payout ratio (DPR) is presently 6.52%.

In related news, CFO Mark A. Pompa sold 12,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,020,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC lifted its position in Emcor Group by 8.1% during the 1st quarter. ETF Managers Group LLC now owns 1,841 shares of the construction company’s stock worth $135,000 after buying an additional 138 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Emcor Group by 42.9% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock valued at $53,000 after buying an additional 180 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Emcor Group by 0.5% in the 2nd quarter. King Luther Capital Management Corp now owns 45,473 shares of the construction company’s stock valued at $4,006,000 after buying an additional 233 shares during the last quarter. Bridge City Capital LLC boosted its holdings in shares of Emcor Group by 0.5% in the 2nd quarter. Bridge City Capital LLC now owns 52,425 shares of the construction company’s stock valued at $4,619,000 after buying an additional 257 shares during the last quarter. Finally, Sawtooth Solutions LLC boosted its holdings in shares of Emcor Group by 10.7% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,078 shares of the construction company’s stock valued at $271,000 after buying an additional 298 shares during the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

About Emcor Group

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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