EMCOR Group (EME) Announces Quarterly Earnings, Misses Estimates By $0.12 EPS
EMCOR Group (NYSE:EME) released its earnings data on Thursday. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.12, StockRatingsNetwork.com reports. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.71 billion.
Shares of EMCOR Group (NYSE:EME) opened at 39.88 on Thursday. EMCOR Group has a 52 week low of $27.24 and a 52 week high of $43.98. The stock has a 50-day moving average of $39.74 and a 200-day moving average of $39.90. The company has a market cap of $2.676 billion and a price-to-earnings ratio of 19.75.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 30th. Investors of record on Tuesday, October 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 10th.
A number of analysts have recently weighed in on EME shares. Analysts at DA Davidson upgraded shares of EMCOR Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 10th. They now have a $45.00 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of EMCOR Group from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. Finally, analysts at Zacks downgraded shares of EMCOR Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $47.60 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.27.
EMCOR Group, Inc (NYSE:EME) is an electrical and mechanical construction and facilities services firm in the United States, the United Kingdom and globally.
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