EMCOR Group, Inc. (NYSE:EME) announced its quarterly earnings data on Thursday. The construction company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11, Bloomberg Earnings reports. EMCOR Group had a return on equity of 13.37% and a net margin of 2.60%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company earned $0.95 EPS. EMCOR Group’s revenue for the quarter was down 1.9% on a year-over-year basis. EMCOR Group updated its FY17 guidance to $3.40-3.60 EPS.

Shares of EMCOR Group (EME) traded up 7.88% during trading on Thursday, reaching $68.71. The company’s stock had a trading volume of 800,634 shares. The stock’s 50-day moving average is $65.39 and its 200-day moving average is $65.18. The stock has a market cap of $4.07 billion, a P/E ratio of 20.94 and a beta of 0.88. EMCOR Group has a 12-month low of $53.16 and a 12-month high of $73.44.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Monday, July 17th will be issued a $0.08 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. EMCOR Group’s payout ratio is presently 9.76%.

EME has been the subject of a number of recent research reports. Zacks Investment Research raised EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 target price for the company in a report on Wednesday, April 26th. BidaskClub cut EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $69.25.

Large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of EMCOR Group by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,231 shares of the construction company’s stock valued at $203,000 after buying an additional 20 shares during the period. Ronald Blue & Co. LLC raised its stake in shares of EMCOR Group by 2.0% in the first quarter. Ronald Blue & Co. LLC now owns 3,671 shares of the construction company’s stock valued at $231,000 after buying an additional 73 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of EMCOR Group by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the construction company’s stock valued at $951,000 after buying an additional 100 shares during the period. Sit Investment Associates Inc. raised its stake in shares of EMCOR Group by 0.3% in the second quarter. Sit Investment Associates Inc. now owns 37,525 shares of the construction company’s stock valued at $2,453,000 after buying an additional 100 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of EMCOR Group by 1.3% in the first quarter. Advantus Capital Management Inc now owns 7,638 shares of the construction company’s stock valued at $481,000 after buying an additional 101 shares during the period. 93.98% of the stock is owned by hedge funds and other institutional investors.

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EMCOR Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

Earnings History for EMCOR Group (NYSE:EME)

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