Insider Selling: Frank T. Macinnis Sells 20,600 Shares of Emcor Group Stock (EME)
Emcor Group (NYSE:EME) Director Frank T. Macinnis sold 20,600 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $45.55, for a total value of $938,330.00. Following the completion of the transaction, the director now directly owns 454,708 shares of the company’s stock, valued at approximately $20,711,949. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EME shares. 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. Separately, 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Emcor Group presently has a consensus rating of “Buy” and an average price target of $48.20.
Shares of Emcor Group (NYSE:EME) traded down 0.15% during mid-day trading on Friday, hitting $45.43. The stock had a trading volume of 199,040 shares. Emcor Group has a 52-week low of $36.26 and a 52-week high of $48.00. The stock has a 50-day moving average of $45.87 and a 200-day moving average of $42.54. The company has a market cap of $3.057 billion and a price-to-earnings ratio of 22.86.
Emcor Group (NYSE:EME) last released its earnings data on Tuesday, April 29th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company posted $0.44 earnings per share. Emcor Group’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Emcor Group will post $2.65 earnings per share for the current fiscal year.
EMCOR Group, Inc (NYSE:EME) is an electrical and mechanical construction and facilities services firm in the United States, the United Kingdom and globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.