Emcor Group Inc (EME) Expected to Post Quarterly Sales of $1.82 Billion
Equities analysts expect that Emcor Group Inc (NYSE:EME) will post sales of $1.82 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Emcor Group’s earnings. The highest sales estimate is $1.84 billion and the lowest is $1.77 billion. Emcor Group posted sales of $1.89 billion in the same quarter last year, which would indicate a negative year over year growth rate of 3.7%. The firm is expected to report its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Emcor Group will report full year sales of $1.82 billion for the current year, with estimates ranging from $7.70 billion to $7.78 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $8.10 billion per share, with estimates ranging from $7.95 billion to $8.35 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Emcor Group.
Emcor Group (NYSE:EME) last released its earnings results on Thursday, February 22nd. The construction company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.27. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Emcor Group had a return on equity of 15.10% and a net margin of 2.96%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS.
Shares of Emcor Group (NYSE EME) traded up $0.03 during trading hours on Friday, reaching $80.41. The company’s stock had a trading volume of 166,954 shares, compared to its average volume of 341,787. The stock has a market capitalization of $4,643.01, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. Emcor Group has a 1-year low of $59.76 and a 1-year high of $85.08. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.18.
In other Emcor Group news, Director William P. Reid sold 4,647 shares of Emcor Group stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB bought a new stake in shares of Emcor Group in the 4th quarter worth $410,000. HighPoint Advisor Group LLC bought a new stake in shares of Emcor Group in the 4th quarter worth $517,000. Segall Bryant & Hamill LLC increased its holdings in shares of Emcor Group by 9.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 52,326 shares of the construction company’s stock worth $4,278,000 after purchasing an additional 4,302 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Emcor Group in the 4th quarter worth $5,229,000. Finally, Gotham Asset Management LLC increased its holdings in shares of Emcor Group by 28.3% in the 4th quarter. Gotham Asset Management LLC now owns 147,634 shares of the construction company’s stock worth $12,069,000 after purchasing an additional 32,577 shares in the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.
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About Emcor Group
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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