Equities Analysts Offer Predictions for EMCOR Group, Inc.’s Q2 2024 Earnings (NYSE:EME)

EMCOR Group, Inc. (NYSE:EME) – Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for EMCOR Group in a research report issued to clients and investors on Friday, April 26th. DA Davidson analyst B. Thielman expects that the construction company will earn $3.50 per share for the quarter. DA Davidson has a “Buy” rating and a $375.00 price objective on the stock. The consensus estimate for EMCOR Group’s current full-year earnings is $16.00 per share.

Separately, KeyCorp started coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

EMCOR Group Stock Down 1.8 %

NYSE:EME opened at $357.15 on Monday. EMCOR Group has a 12-month low of $161.49 and a 12-month high of $369.53. The firm has a market capitalization of $16.79 billion, a PE ratio of 23.56 and a beta of 1.10. The firm has a 50-day moving average price of $333.10 and a 200 day moving average price of $258.45.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The business had revenue of $3.43 billion during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in EMCOR Group by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC raised its position in EMCOR Group by 2.0% in the 4th quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock worth $539,000 after purchasing an additional 49 shares during the last quarter. Daiwa Securities Group Inc. raised its position in EMCOR Group by 0.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after purchasing an additional 50 shares during the last quarter. Lindbrook Capital LLC raised its position in EMCOR Group by 32.5% in the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after purchasing an additional 51 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in EMCOR Group by 1.0% during the 3rd quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock worth $1,277,000 after acquiring an additional 62 shares during the period. Institutional investors own 92.59% of the company’s stock.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s payout ratio is 6.60%.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.