EMCOR Group, Inc. (EME) Expected to Announce Earnings of $0.85 Per Share
Analysts expect that EMCOR Group, Inc. (NYSE:EME) will report $0.85 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for EMCOR Group’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.82. EMCOR Group also posted earnings per share of $0.85 during the same quarter last year. The company is scheduled to issue its next earnings results before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that EMCOR Group will report full-year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.59. For the next financial year, analysts anticipate that the business will report earnings of $3.83 per share, with EPS estimates ranging from $3.74 to $3.90. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for EMCOR Group.
EMCOR Group (NYSE:EME) last released its 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. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company earned $0.95 EPS. EMCOR Group’s quarterly revenue was down 1.9% compared to the same quarter last year.
EME has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of 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 cut shares of EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, KeyCorp reiterated a “hold” rating on shares of EMCOR Group in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. EMCOR Group has a consensus rating of “Hold” and a consensus price target of $72.33.
A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in EMCOR Group by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,570,968 shares of the construction company’s stock valued at $98,893,000 after buying an additional 25,422 shares during the period. Comerica Bank lifted its position in EMCOR Group by 1.3% during the second quarter. Comerica Bank now owns 58,682 shares of the construction company’s stock valued at $3,756,000 after buying an additional 725 shares during the period. Vanguard Group Inc. lifted its position in EMCOR Group by 3.9% during the first quarter. Vanguard Group Inc. now owns 4,916,914 shares of the construction company’s stock valued at $309,520,000 after buying an additional 183,084 shares during the period. Bank of America Corp DE lifted its position in EMCOR Group by 6.3% during the first quarter. Bank of America Corp DE now owns 484,259 shares of the construction company’s stock valued at $30,484,000 after buying an additional 28,545 shares during the period. Finally, Century Capital Management LLC lifted its position in EMCOR Group by 102.9% during the second quarter. Century Capital Management LLC now owns 52,162 shares of the construction company’s stock valued at $3,410,000 after buying an additional 26,448 shares during the period. Institutional investors and hedge funds own 93.18% of the company’s stock.
EMCOR Group (NYSE:EME) traded down 0.53% on Friday, hitting $69.55. 135,195 shares of the company were exchanged. EMCOR Group has a 52 week low of $55.10 and a 52 week high of $73.44. The stock has a 50 day moving average of $68.75 and a 200 day moving average of $65.80. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 20.85 and a beta of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Tuesday, October 17th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, October 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 9.61%.
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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