Emcor Group Inc. (EME) Reaches New 1-Year High at $58.48
Shares of Emcor Group Inc. (NYSE:EME) hit a new 52-week high during trading on Tuesday . The company traded as high as $58.48 and last traded at $57.59, with a volume of 138,678 shares changing hands. The stock had previously closed at $57.95.
A number of analysts recently issued reports on EME shares. Sidoti started coverage on Emcor Group in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, FBR & Co lifted their target price on Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 16th. Four analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $57.00.
The stock’s 50 day moving average price is $55.52 and its 200-day moving average price is $49.74. The company has a market cap of $3.49 billion and a price-to-earnings ratio of 19.62.
Emcor Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.75 billion. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, analysts expect that Emcor Group Inc. will post $3.08 EPS for the current year.
In other Emcor Group news, Director David A. B. Brown sold 5,851 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $55.25, for a total transaction of $323,267.75. Following the completion of the sale, the director now directly owns 22,076 shares in the company, valued at approximately $1,219,699. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maxine Lum Mauricio sold 1,386 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $56.35, for a total value of $78,101.10. Following the sale, the senior vice president now owns 15,493 shares of the company’s stock, valued at $873,030.55. The disclosure for this sale can be found here.
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.