Brokerages expect EMCOR Group, Inc. (NYSE:EME – Get Rating) to report earnings per share of $1.56 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for EMCOR Group’s earnings. The highest EPS estimate is $1.69 and the lowest is $1.45. EMCOR Group reported earnings of $1.54 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The business is expected to report its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that EMCOR Group will report full-year earnings of $7.67 per share for the current year, with EPS estimates ranging from $7.54 to $7.76. For the next fiscal year, analysts expect that the firm will report earnings of $8.35 per share, with EPS estimates ranging from $8.17 to $8.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow EMCOR Group.
EMCOR Group (NYSE:EME – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The construction company reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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.
Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC bought a new stake in shares of EMCOR Group during the 4th quarter valued at $27,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of EMCOR Group by 276.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 267 shares of the construction company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. MUFG Americas Holdings Corp bought a new stake in shares of EMCOR Group during the 3rd quarter valued at $44,000. First Horizon Advisors Inc. raised its stake in shares of EMCOR Group by 156.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,034 shares of the construction company’s stock valued at $52,000 after purchasing an additional 631 shares during the period. Finally, Kings Point Capital Management bought a new stake in shares of EMCOR Group during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.
EME stock opened at $116.85 on Thursday. The stock’s fifty day simple moving average is $115.36 and its two-hundred day simple moving average is $120.33. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.11. EMCOR Group has a 1-year low of $107.79 and a 1-year high of $135.98. The stock has a market cap of $6.15 billion, a P/E ratio of 16.55 and a beta of 1.22.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Monday, April 18th will be paid 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 payout ratio 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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