EMCOR Group, Inc. (NYSE: EME – Get Rating) – Analysts at KeyCorp upped their Q3 2022 earnings per share estimates for shares of EMCOR Group in a research report issued on Monday, June 20th. KeyCorp analyst S. Eastman now forecasts that the construction company will earn $ 2.35 per share for the quarter, up from their prior forecast of $ 2.22. KeyCorp has a “Overweight” rating and a $ 125.00 price target on the stock. The consensus estimate for EMCOR Group’s current full-year earnings is $ 7.64 per share. KeyCorp also issued estimates for EMCOR Group’s Q4 2022 earnings at $ 2.46 EPS and FY2022 earnings at $ 7.76 EPS.
A number of other brokerages have also commented on EME. Sidoti upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $ 137.00 price objective on the stock in a research report on Monday, May 16th. DA Davidson upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $ 142.00 price objective on the stock in a research report on Friday, February 25th. Finally, StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $ 136.25.
Shares of EME opened at $ 105.63 on Thursday. The firm has a market capitalization of $ 5.40 billion, a price-to-earnings ratio of 15.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.37 and a current ratio of 1.40. The business’s fifty day moving average price is $ 105.82 and its two-hundred day moving average price is $ 114.37. EMCOR Group has a 52 week low of $ 95.64 and a 52 week high of $ 135.98.
EMCOR Group (NYSE: EME – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The construction company reported $ 1.39 EPS for the quarter, missing analysts’ consensus estimates of $ 1.62 by ($ 0.23). The firm had revenue of $ 2.59 billion during the quarter, compared to the estimate consensus of $ 2.46 billion. EMCOR Group had a net margin of 3.65% and a return on equity of 17.26%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $ 1.54 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation NA acquired a new stake in shares of EMCOR Group in the 1st quarter valued at about $ 26,000. CWM LLC acquired a new stake in shares of EMCOR Group in the 4th quarter valued at about $ 27,000. Parkside Financial Bank & Trust raised its stake in shares of EMCOR Group by 66.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company stock valued at $ 28,000 after purchasing an additional 100 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of EMCOR Group by 276.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 267 shares of the construction company stock valued at $ 34,000 after purchasing an additional 196 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of EMCOR Group in the 1st quarter valued at about $ 35,000. 94.36% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Anthony Guzzi sold 1,381 shares of the firm’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $ 120.00, for a total transaction of $ 165,720.00. Following the sale, the chief executive officer now owns 291,256 shares of the company stock, valued at approximately $ 34,950,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol P. Lowe sold 1,975 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $ 102.55, for a total value of $ 202,536.25. Following the sale, the director now directly owns 16,722 shares in the company, valued at approximately $ 1,714,841.10. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 18th were given a $ 0.13 dividend. The ex-dividend date was Thursday, April 14th. This represents a $ 0.52 annualized dividend and a dividend yield of 0.49%. EMCOR Group’s dividend payout ratio is currently 7.53%.
About EMCOR Group: (Get Rating)
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.
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