Emcor Group (EME) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS
Emcor Group (NYSE:EME) posted its quarterly earnings results on Tuesday. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.12, Stock Ratings Network.com reports. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Emcor Group updated its FY14 guidance to $2.45-2.70 EPS.
Emcor Group (NYSE:EME) traded up 1.53% on Tuesday, hitting $45.85. The stock had a trading volume of 557,159 shares. Emcor Group has a 1-year low of $35.58 and a 1-year high of $48.00. The stock has a 50-day moving average of $45.83 and a 200-day moving average of $42.24. The company has a market cap of $3.068 billion and a price-to-earnings ratio of 24.81.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Investors of record on Friday, April 18th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, April 15th.
Several analysts have recently commented on the stock. Analysts at Sidoti initiated coverage on shares of Emcor Group in a research note on Monday, April 21st. They set a “buy” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Emcor Group in a research note on Friday, April 4th. They now have a $50.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Emcor Group from $44.50 to $51.00 in a research note on Wednesday, February 26th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.20.
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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