Emcor Group Inc (EME) Expected to Post Earnings of $1.05 Per Share
Equities research analysts expect Emcor Group Inc (NYSE:EME) to announce $1.05 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Emcor Group’s earnings, with estimates ranging from $1.03 to $1.06. Emcor Group posted earnings per share of $0.94 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The company is expected to report its next quarterly earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Emcor Group will report full year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $5.13 to $5.40. For the next financial year, analysts forecast that the business will report earnings of $5.54 per share, with EPS estimates ranging from $5.39 to $5.73. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Emcor Group.
Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, February 21st. The construction company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. Emcor Group had a net margin of 3.49% and a return on equity of 16.51%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the business earned $1.13 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis.
Shares of NYSE:EME traded up $1.50 during midday trading on Friday, reaching $73.67. The company’s stock had a trading volume of 13,956 shares, compared to its average volume of 344,698. The company has a market capitalization of $4.04 billion, a PE ratio of 14.98, a P/E/G ratio of 0.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. Emcor Group has a 12-month low of $57.29 and a 12-month high of $82.04.
Large investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Emcor Group in the 4th quarter worth about $25,000. ETF Managers Group LLC grew its position in shares of Emcor Group by 17.8% in the 4th quarter. ETF Managers Group LLC now owns 1,703 shares of the construction company’s stock worth $102,000 after buying an additional 257 shares during the period. Ffcm LLC grew its position in shares of Emcor Group by 1,699.1% in the 4th quarter. Ffcm LLC now owns 2,015 shares of the construction company’s stock worth $120,000 after buying an additional 1,903 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of Emcor Group in the 4th quarter worth about $142,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Emcor Group in the 4th quarter worth about $167,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
Emcor Group Company Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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