Emcor Group Inc (NYSE:EME) announced a quarterly dividend on Monday, October 7th, Zacks reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.08 per share by the construction company on Wednesday, October 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, October 17th.

Emcor Group has increased its dividend payment by an average of 10.1% annually over the last three years. Emcor Group has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Emcor Group to earn $5.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.4%.

EME traded up $0.10 during midday trading on Wednesday, reaching $82.73. The company’s stock had a trading volume of 13,673 shares, compared to its average volume of 355,699. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 16.85 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Emcor Group has a 1 year low of $57.29 and a 1 year high of $89.54. The stock’s 50-day moving average is $85.23 and its 200-day moving average is $82.63.

Emcor Group (NYSE:EME) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.19. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 earnings per share. As a group, equities research analysts forecast that Emcor Group will post 5.69 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on EME. Stifel Nicolaus upped their target price on shares of Emcor Group from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Maxim Group reiterated a “hold” rating and issued a $85.00 target price on shares of Emcor Group in a research note on Tuesday, July 30th. Finally, ValuEngine downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $90.00.

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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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Dividend History for Emcor Group (NYSE:EME)

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