EMCOR Group (NYSE:EME) Releases FY22 Earnings Guidance

EMCOR Group (NYSE:EMEGet Rating) updated its FY22 earnings guidance on Thursday. The company provided EPS guidance of $7.15-7.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.66. The company issued revenue guidance of $10.40-10.70 billion, compared to the consensus revenue estimate of $10.51 billion.

A number of brokerages have weighed in on EME. DA Davidson raised shares of EMCOR Group from a neutral rating to a buy rating and set a $142.00 price target for the company in a report on Friday, February 25th. StockNews.com began coverage on shares of EMCOR Group in a report on Thursday, March 31st. They issued a strong-buy rating for the company. Finally, Zacks Investment Research raised shares of EMCOR Group from a sell rating to a hold rating and set a $118.00 price target for the company in a report on Wednesday, March 9th.

NYSE EME opened at $111.95 on Thursday. The stock’s 50-day moving average price is $115.14 and its two-hundred day moving average price is $120.13. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.90 billion, a PE ratio of 15.86 and a beta of 1.22. EMCOR Group has a 1 year low of $107.79 and a 1 year high of $135.98.

EMCOR Group (NYSE:EMEGet Rating) last issued its earnings results on Thursday, February 24th. The construction company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.03). The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. EMCOR Group had a net margin of 3.87% and a return on equity of 17.82%. Research analysts forecast that EMCOR Group will post 7.67 EPS for the current fiscal year.

The firm 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 dividend on an annualized basis and a dividend yield of 0.46%. EMCOR Group’s dividend payout ratio is 7.37%.

In related news, CEO Anthony Guzzi sold 1,381 shares of the stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $120.00, for a total value of $165,720.00. Following the transaction, the chief executive officer now owns 291,256 shares in the company, valued at $34,950,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC increased its holdings in EMCOR Group by 10.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 170,140 shares of the construction company’s stock worth $21,674,000 after buying an additional 16,569 shares during the last quarter. Morgan Stanley boosted its position in EMCOR Group by 85.1% during the second quarter. Morgan Stanley now owns 144,414 shares of the construction company’s stock worth $17,790,000 after purchasing an additional 66,393 shares during the period. Legal & General Group Plc boosted its position in EMCOR Group by 1.0% during the fourth quarter. Legal & General Group Plc now owns 134,950 shares of the construction company’s stock worth $17,191,000 after purchasing an additional 1,336 shares during the period. Barclays PLC boosted its position in EMCOR Group by 10.5% during the fourth quarter. Barclays PLC now owns 111,896 shares of the construction company’s stock worth $14,254,000 after purchasing an additional 10,589 shares during the period. Finally, Stifel Financial Corp boosted its position in EMCOR Group by 2.5% during the fourth quarter. Stifel Financial Corp now owns 97,412 shares of the construction company’s stock worth $12,409,000 after purchasing an additional 2,413 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

About EMCOR Group (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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