Somewhat Favorable News Coverage Somewhat Unlikely to Impact EMCOR Group (EME) Share Price
News stories about EMCOR Group (NYSE:EME) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. EMCOR Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.9405747528434 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- ETFs with exposure to EMCOR Group, Inc. : November 2, 2017 (finance.yahoo.com)
- EMCOR Group, Inc. :EME-US: Earnings Analysis: Q3, 2017 By the Numbers : November 1, 2017 (finance.yahoo.com)
- Top Ranked Growth Stocks to Buy for October 31st (finance.yahoo.com)
- Emcor Reaches 80-Plus Relative Strength Rating Benchmark (finance.yahoo.com)
- EMCOR Group, Inc. (EME) Director Jerry E. Ryan Sells 13,000 Shares (americanbankingnews.com)
Several equities analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price objective (up previously from $75.00) on shares of EMCOR Group in a research report on Wednesday. Zacks Investment Research raised shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday. BidaskClub lowered shares of EMCOR Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. EMCOR Group has an average rating of “Hold” and an average price target of $83.33.
EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.27. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.93 billion. EMCOR Group had a return on equity of 13.94% and a net margin of 2.82%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS.
EMCOR Group announced that its Board of Directors has initiated a share repurchase program on Thursday, October 26th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Tuesday, October 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date was Monday, October 16th. EMCOR Group’s payout ratio is 8.94%.
In other news, Director Jerry E. Ryan sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $78.06, for a total transaction of $1,014,780.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.
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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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