EMCOR Group, Inc. (EME) Receives Consensus Rating of “Hold” from Brokerages
Shares of EMCOR Group, Inc. (NYSE:EME) have received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $69.75.
A number of research analysts have recently commented on the company. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Monday, July 31st. BidaskClub lowered EMCOR Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
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EMCOR Group (NYSE:EME) opened at 65.15 on Friday. The firm has a 50-day moving average of $66.06 and a 200 day moving average of $65.16. The firm has a market capitalization of $3.86 billion, a PE ratio of 19.53 and a beta of 0.89. EMCOR Group has a 52 week low of $54.89 and a 52 week high of $73.44.
EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Analysts predict that EMCOR Group will post $3.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, July 13th. EMCOR Group’s payout ratio is currently 9.61%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of EMCOR Group by 4.4% in the first quarter. Bank of Montreal Can now owns 55,840 shares of the construction company’s stock worth $3,516,000 after buying an additional 2,373 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of EMCOR Group by 7.1% in the first quarter. Capstone Asset Management Co. now owns 4,352 shares of the construction company’s stock worth $274,000 after buying an additional 290 shares in the last quarter. Louisiana State Employees Retirement System boosted its position 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 worth $951,000 after buying an additional 100 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of EMCOR Group by 6,195.0% in the first quarter. Legato Capital Management LLC now owns 138,679 shares of the construction company’s stock worth $2,203,000 after buying an additional 136,476 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of EMCOR Group by 61.6% in the first quarter. Retirement Systems of Alabama now owns 126,527 shares of the construction company’s stock worth $7,965,000 after buying an additional 48,211 shares in the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.
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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