EMCOR Group, Inc. (NYSE:EME) Announces Quarterly Dividend of $0.25

EMCOR Group, Inc. (NYSE:EME) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.25 per share by the construction company on Wednesday, October 30th. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date is Tuesday, October 15th.

EMCOR Group has raised its dividend payment by an average of 29.2% per year over the last three years. EMCOR Group has a payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect EMCOR Group to earn $19.59 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.1%.

EMCOR Group Stock Up 1.9 %

EMCOR Group stock opened at $450.45 on Friday. The company has a fifty day simple moving average of $393.89 and a 200-day simple moving average of $377.04. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 29.71 and a beta of 1.07. EMCOR Group has a 52-week low of $191.50 and a 52-week high of $450.55.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the company earned $2.95 EPS. EMCOR Group’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that EMCOR Group will post 19.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. DA Davidson boosted their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the transaction, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.