Equities analysts expect that Emcor Group Inc (NYSE:EME) will report earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Emcor Group’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.88. Emcor Group reported earnings per share of $0.72 during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The company is expected to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that Emcor Group will report full year earnings of $3.79 per share for the current financial year, with EPS estimates ranging from $3.78 to $3.80. For the next fiscal year, analysts anticipate that the company will report earnings of $4.03 per share, with EPS estimates ranging from $3.98 to $4.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Emcor Group.

Emcor Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.27. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS.

Several equities analysts have issued reports on EME shares. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 target price (up previously from $75.00) on shares of Emcor Group in a research report on Thursday, October 26th. Zacks Investment Research cut Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. Finally, ValuEngine cut Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.50.

Emcor Group (NYSE:EME) opened at $82.69 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.44. Emcor Group has a 52-week low of $59.76 and a 52-week high of $85.08. The stock has a market capitalization of $4,854.49, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02.

Emcor Group declared that its board has initiated a stock buyback program on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date is Friday, January 12th. Emcor Group’s payout ratio is 8.94%.

In related news, Director William P. Reid sold 4,647 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerry E. Ryan sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EME. Voya Investment Management LLC grew its holdings in shares of Emcor Group by 432.9% in the 2nd quarter. Voya Investment Management LLC now owns 622,251 shares of the construction company’s stock worth $40,682,000 after acquiring an additional 505,481 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Emcor Group in the 3rd quarter worth approximately $25,720,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Emcor Group by 80.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 818,050 shares of the construction company’s stock worth $66,863,000 after acquiring an additional 364,172 shares during the period. Prudential Financial Inc. grew its holdings in shares of Emcor Group by 19.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock worth $76,506,000 after acquiring an additional 182,340 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Emcor Group by 53.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 385,362 shares of the construction company’s stock worth $25,195,000 after acquiring an additional 134,957 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.

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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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