Emcor Group (NYSE:EME) will be issuing its quarterly earnings data before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Emcor Group (NYSE:EME) last posted its earnings results on Thursday, April 30th. The construction company reported $1.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.35. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Emcor Group had a return on equity of 16.51% and a net margin of 3.53%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. On average, analysts expect Emcor Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
EME stock opened at $68.50 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.48. The stock has a market capitalization of $3.76 billion, a P/E ratio of 11.75 and a beta of 1.03. The business has a 50-day moving average of $63.34 and a 200-day moving average of $68.35. Emcor Group has a fifty-two week low of $41.85 and a fifty-two week high of $93.54.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 20th were given a dividend of $0.08 per share. The ex-dividend date was Friday, July 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. Emcor Group’s dividend payout ratio is currently 5.57%.
Several research analysts have recently weighed in on EME shares. Sidoti raised Emcor Group from a “neutral” rating to a “buy” rating in a research report on Wednesday. Maxim Group reaffirmed a “hold” rating and set a $60.00 price objective on shares of Emcor Group in a research report on Wednesday, April 22nd. Zacks Investment Research raised Emcor Group from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, July 7th. DA Davidson cut Emcor Group from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Friday, May 1st. Finally, ValuEngine upgraded Emcor Group from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Emcor Group has an average rating of “Buy” and a consensus price target of $66.33.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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