Shares of EMCOR Group, Inc. (NYSE:EME – Get Rating) hit a new 52-week low during trading on Tuesday after KeyCorp lowered their price target on the stock from $146.00 to $125.00. KeyCorp currently has an overweight rating on the stock. EMCOR Group traded as low as $95.64 and last traded at $99.49, with a volume of 453136 shares changing hands. The stock had previously closed at $96.26.
A number of other brokerages have also weighed in on EME. Sidoti upgraded shares of EMCOR Group from a “neutral” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Monday, May 16th. DA Davidson upgraded shares of EMCOR Group from a “neutral” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Friday, February 25th. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 2nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $136.25.
In related news, CEO Anthony Guzzi sold 1,381 shares of EMCOR Group stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $120.00, for a total value of $165,720.00. Following the sale, the chief executive officer now owns 291,256 shares in the company, valued at $34,950,720. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carol P. Lowe sold 1,975 shares of EMCOR Group stock in a transaction on Monday, June 13th. The shares were sold at an average price of $102.55, for a total transaction of $202,536.25. Following the completion of the sale, the director now owns 16,722 shares in the company, valued at approximately $1,714,841.10. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
The stock has a 50-day simple moving average of $106.79 and a two-hundred day simple moving average of $114.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a market cap of $5.09 billion, a PE ratio of 14.46 and a beta of 1.18.
EMCOR Group (NYSE:EME – Get Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.23). EMCOR Group had a return on equity of 17.26% and a net margin of 3.65%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm posted $1.54 EPS. EMCOR Group’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 7.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, April 14th. EMCOR Group’s payout ratio is 7.53%.
EMCOR Group Company Profile (NYSE:EME)
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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