Analysts Expect EMCOR Group, Inc. (NYSE:EME) to Post $0.85 Earnings Per Share
Brokerages expect that EMCOR Group, Inc. (NYSE:EME) will report $0.85 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for EMCOR Group’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.88. EMCOR Group also reported earnings per share of $0.85 during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that EMCOR Group will report full-year earnings of $3.56 per share for the current year, with EPS estimates ranging from $3.55 to $3.59. For the next fiscal year, analysts forecast that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.74 to $3.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow EMCOR Group.
EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS.
Several equities research analysts recently weighed in on EME shares. Zacks Investment Research raised shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 price objective for the company in a report on Wednesday, April 26th. BidaskClub downgraded shares of EMCOR Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $69.75.
Shares of EMCOR Group (NYSE EME) traded down 0.51% during trading on Friday, hitting $66.71. 447,252 shares of the stock were exchanged. The stock has a 50-day moving average of $65.70 and a 200 day moving average of $65.16. EMCOR Group has a 12-month low of $54.89 and a 12-month high of $73.44. The stock has a market cap of $3.95 billion, a P/E ratio of 20.00 and a beta of 0.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 17th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Thursday, July 13th. EMCOR Group’s payout ratio is 9.61%.
A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of EMCOR Group by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,570,968 shares of the construction company’s stock worth $98,893,000 after buying an additional 25,422 shares during the last quarter. BB&T Securities LLC acquired a new stake in shares of EMCOR Group during the first quarter worth $228,000. Bank of America Corp DE increased its stake in shares of EMCOR Group by 6.3% in the first quarter. Bank of America Corp DE now owns 484,259 shares of the construction company’s stock worth $30,484,000 after buying an additional 28,545 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of EMCOR Group during the first quarter worth $1,973,000. Finally, Vanguard Group Inc. increased its stake in shares of EMCOR Group by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,916,914 shares of the construction company’s stock worth $309,520,000 after buying an additional 183,084 shares during the last quarter. 94.16% of the stock is owned by institutional investors.
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About EMCOR Group
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.
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