EMCOR Group, Inc. (NYSE:EME) Receives Average Recommendation of “Hold” from Analysts
Shares of EMCOR Group, Inc. (NYSE:EME) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $69.75.
EME has been the subject of a number of research reports. Zacks Investment Research upgraded EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, July 31st. BidaskClub cut EMCOR Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
Shares of EMCOR Group (NYSE EME) opened at 65.15 on Friday. EMCOR Group has a 12 month low of $54.89 and a 12 month high of $73.44. The firm’s 50-day moving average price is $66.06 and its 200-day moving average price is $65.16. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 19.53 and a beta of 0.89.
EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.15. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. EMCOR Group’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. On average, equities analysts anticipate that EMCOR Group will post $3.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, July 13th. This represents a $0.32 annualized dividend and a yield of 0.49%. EMCOR Group’s dividend payout ratio (DPR) is presently 9.61%.
Several hedge funds have recently added to or reduced their stakes in EME. Flinton Capital Management LLC boosted its stake in EMCOR Group by 8.5% in the first quarter. Flinton Capital Management LLC now owns 1,632 shares of the construction company’s stock worth $103,000 after buying an additional 128 shares during the last quarter. Bruderman Asset Management LLC acquired a new stake in EMCOR Group during the second quarter worth about $118,000. Bronfman E.L. Rothschild L.P. boosted its stake in EMCOR Group by 4.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,897 shares of the construction company’s stock worth $124,000 after buying an additional 76 shares during the last quarter. Global X Management Co. LLC boosted its stake in EMCOR Group by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,920 shares of the construction company’s stock worth $126,000 after buying an additional 1,320 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in EMCOR Group by 8.5% in the first quarter. Meadow Creek Investment Management LLC now owns 2,244 shares of the construction company’s stock worth $141,000 after buying an additional 176 shares during the last quarter. 94.25% of the stock is owned by institutional investors.
EMCOR Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its 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.
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