Insider Selling: Sheldon I. Cammaker Sells 5,000 Shares of Emcor Group Stock (EME)
Emcor Group (NYSE:EME) EVP Sheldon I. Cammaker sold 5,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $47.19, for a total transaction of $235,950.00. Following the completion of the transaction, the executive vice president now directly owns 85,899 shares of the company’s stock, valued at approximately $4,053,574. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Emcor Group (NYSE:EME) traded down 1.78% during mid-day trading on Tuesday, hitting $46.89. 216,718 shares of the company’s stock traded hands. Emcor Group has a 1-year low of $36.26 and a 1-year high of $48.00. The stock’s 50-day moving average is $45.5 and its 200-day moving average is $43.83. The company has a market cap of $3.155 billion and a P/E ratio of 23.99.
Emcor Group (NYSE:EME) last released its earnings data on Tuesday, April 29th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Emcor Group will post $2.65 earnings per share for the current fiscal year.
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. 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Emcor Group currently has a consensus rating of “Buy” and an average 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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