Wall Street analysts predict that Emcor Group Inc (NYSE:EME) will report earnings of $0.86 per share for the current quarter, according to Zacks. Three analysts have made estimates for Emcor Group’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.84. Emcor Group posted earnings per share of $0.72 in the same quarter last year, which indicates a positive year-over-year growth rate of 19.4%. The company is scheduled to issue its next quarterly 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 fiscal year, with EPS estimates ranging from $3.78 to $3.80. For the next fiscal year, analysts expect that the company will report earnings of $4.03 per share, with EPS estimates ranging from $3.98 to $4.08. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Emcor Group.

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

A number of equities analysts recently issued reports on the company. KeyCorp restated a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. ValuEngine cut Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 target price (up from $75.00) on shares of Emcor Group in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $83.33.

In other news, Director William P. Reid sold 4,647 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry E. Ryan sold 13,000 shares of the business’s stock in a transaction 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. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EME. Voya Investment Management LLC raised its position 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 in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Emcor Group by 75.3% in the 2nd quarter. TimesSquare Capital Management LLC now owns 882,209 shares of the construction company’s stock worth $57,679,000 after acquiring an additional 378,815 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Emcor Group during the 3rd quarter valued at about $25,720,000. Prudential Financial Inc. increased its position in Emcor Group by 19.8% during the 3rd quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock valued at $76,506,000 after buying an additional 182,340 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Emcor Group by 53.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 385,362 shares of the construction company’s stock valued at $25,195,000 after buying an additional 134,957 shares in the last quarter. 94.07% of the stock is owned by hedge funds and other institutional investors.

Emcor Group (EME) traded down $0.71 on Monday, reaching $81.75. The company had a trading volume of 172,350 shares, compared to its average volume of 353,083. Emcor Group has a one year low of $59.76 and a one year high of $84.11. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4,808.03, a PE ratio of 22.84, a P/E/G ratio of 1.44 and a beta of 1.02.

Emcor Group announced that its Board of Directors has authorized a stock buyback program on Thursday, October 26th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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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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