EMCOR Group (NYSE:EME – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $7.15-$7.85 for the period, compared to the consensus earnings per share estimate of $7.65. The company issued revenue guidance of $10.40 billion-$10.70 billion, compared to the consensus revenue estimate of $10.53 billion.
EME opened at $103.52 on Tuesday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 14.98 and a beta of 1.18. EMCOR Group has a 12 month low of $103.06 and a 12 month high of $135.98. The firm’s fifty day simple moving average is $113.82 and its 200 day simple moving average is $119.50. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.11.
EMCOR Group (NYSE:EME – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The construction company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.17). The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.46 billion. EMCOR Group had a net margin of 3.65% and a return on equity of 17.26%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. On average, equities research analysts predict that EMCOR Group will post 7.59 EPS for the current fiscal year.
EME has been the topic of several research reports. DA Davidson raised shares of EMCOR Group from a neutral rating to a buy rating and set a $142.00 price objective on the stock in a research report on Friday, February 25th. StockNews.com cut shares of EMCOR Group from a strong-buy rating to a buy rating in a research report on Monday, May 2nd. Finally, Zacks Investment Research raised shares of EMCOR Group from a sell rating to a hold rating and set a $118.00 price target on the stock in a research report on Wednesday, March 9th.
In other EMCOR Group news, CEO Anthony Guzzi sold 1,381 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $120.00, for a total transaction of $165,720.00. Following the sale, the chief executive officer now directly owns 291,256 shares of the company’s stock, valued at approximately $34,950,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.
Several hedge funds have recently modified their holdings of EME. Morgan Stanley raised its holdings in shares of EMCOR Group by 85.1% in the 2nd quarter. Morgan Stanley now owns 144,414 shares of the construction company’s stock valued at $17,790,000 after purchasing an additional 66,393 shares during the period. Allianz Asset Management GmbH grew its stake in EMCOR Group by 51.5% in the 4th quarter. Allianz Asset Management GmbH now owns 50,123 shares of the construction company’s stock valued at $6,386,000 after buying an additional 17,029 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in EMCOR Group by 10.8% in the 4th quarter. Parametric Portfolio Associates LLC now owns 170,140 shares of the construction company’s stock valued at $21,674,000 after buying an additional 16,569 shares during the last quarter. Barclays PLC grew its stake in EMCOR Group by 10.5% in the 4th quarter. Barclays PLC now owns 111,896 shares of the construction company’s stock valued at $14,254,000 after buying an additional 10,589 shares during the last quarter. Finally, LPL Financial LLC grew its stake in EMCOR Group by 73.1% in the 3rd quarter. LPL Financial LLC now owns 10,864 shares of the construction company’s stock valued at $1,254,000 after buying an additional 4,588 shares during the last quarter. 94.36% of the stock is currently owned by institutional investors.
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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