EMCOR Group, Inc. (NYSE:EME) Receives Average Recommendation of “Moderate Buy” from Analysts

EMCOR Group, Inc. (NYSE:EME) has received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $594.50.

Several research firms have commented on EME. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price on the stock. Northcoast Research downgraded shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. TD Securities began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating on the stock. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group raised their price target on EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research report on Tuesday, July 8th.

Institutional Investors Weigh In On EMCOR Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Trust Co. NA grew its position in shares of EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock valued at $103,000 after purchasing an additional 62 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of EMCOR Group by 20.8% in the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock valued at $7,317,000 after buying an additional 3,407 shares during the period. Redwood Investment Management LLC bought a new stake in shares of EMCOR Group in the fourth quarter valued at about $1,417,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of EMCOR Group by 146.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock valued at $3,955,000 after buying an additional 6,361 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of EMCOR Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock valued at $312,000 after buying an additional 126 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Up 1.5%

NYSE EME opened at $618.40 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $27.68 billion, a PE ratio of 25.66 and a beta of 1.27. EMCOR Group has a 1-year low of $320.89 and a 1-year high of $667.64. The firm’s fifty day simple moving average is $575.13 and its 200-day simple moving average is $473.09.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, sell-side analysts anticipate that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; 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.