$2.46 Billion in Sales Expected for EMCOR Group, Inc. (NYSE:EME) This Quarter

Wall Street analysts predict that EMCOR Group, Inc. (NYSE:EMEGet Rating) will post $2.46 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for EMCOR Group’s earnings, with estimates ranging from $2.42 billion to $2.50 billion. EMCOR Group posted sales of $2.30 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that EMCOR Group will report full-year sales of $10.44 billion for the current year, with estimates ranging from $10.25 billion to $10.62 billion. For the next fiscal year, analysts expect that the business will report sales of $10.93 billion, with estimates ranging from $10.60 billion to $11.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover EMCOR Group.

EMCOR Group (NYSE:EMEGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The construction company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.03). EMCOR Group had a return on equity of 17.82% and a net margin of 3.87%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion.

A number of equities analysts have commented on EME shares. StockNews.com started coverage on shares of EMCOR Group in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Zacks Investment Research raised shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $118.00 price objective for the company in a research note on Wednesday, March 9th. Finally, DA Davidson raised shares of EMCOR Group from a “neutral” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Friday, February 25th.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in EMCOR Group by 0.7% during the 4th quarter. BlackRock Inc. now owns 7,800,083 shares of the construction company’s stock valued at $993,650,000 after buying an additional 51,051 shares in the last quarter. State Street Corp lifted its holdings in EMCOR Group by 1.0% during the 4th quarter. State Street Corp now owns 1,683,765 shares of the construction company’s stock valued at $214,495,000 after buying an additional 17,194 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in EMCOR Group by 74.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 943,648 shares of the construction company’s stock valued at $108,879,000 after buying an additional 403,825 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in EMCOR Group by 22.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 913,160 shares of the construction company’s stock valued at $116,327,000 after buying an additional 166,545 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in EMCOR Group by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 868,179 shares of the construction company’s stock valued at $100,171,000 after buying an additional 20,816 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Shares of NYSE:EME opened at $116.85 on Friday. EMCOR Group has a 52 week low of $107.79 and a 52 week high of $135.98. The stock has a market capitalization of $6.15 billion, a P/E ratio of 16.55 and a beta of 1.22. The firm has a fifty day simple moving average of $115.36 and a two-hundred day simple moving average of $120.32. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.11.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 18th will be issued a $0.13 dividend. The ex-dividend date is Thursday, April 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.45%. EMCOR Group’s dividend payout ratio (DPR) is presently 7.37%.

EMCOR Group Company Profile (Get Rating)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

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