EMCOR Group, Inc. (NYSE:EME) – Stock analysts at DA Davidson increased their FY2017 earnings per share estimates for shares of EMCOR Group in a report issued on Thursday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $3.55 for the year, up from their prior estimate of $3.45. DA Davidson also issued estimates for EMCOR Group’s Q4 2017 earnings at $0.82 EPS.
Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday. BidaskClub cut EMCOR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $69.75.
Shares of EMCOR Group (EME) traded up 1.17% during midday trading on Monday, reaching $68.29. The company’s stock had a trading volume of 39,675 shares. The company has a market capitalization of $4.04 billion, a P/E ratio of 20.47 and a beta of 0.88. The stock’s 50-day moving average is $65.62 and its 200-day moving average is $65.16. EMCOR Group has a one year low of $54.89 and a one year high of $73.44.
EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. EMCOR Group’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, July 13th. EMCOR Group’s payout ratio is currently 9.61%.
Hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its stake in shares of EMCOR Group by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,231 shares of the construction company’s stock valued at $203,000 after buying an additional 20 shares during the period. Ronald Blue & Co. LLC increased its stake in shares of EMCOR Group by 1.3% in the second quarter. Ronald Blue & Co. LLC now owns 3,718 shares of the construction company’s stock valued at $243,000 after buying an additional 47 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of EMCOR Group by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the construction company’s stock valued at $951,000 after buying an additional 100 shares during the period. Sit Investment Associates Inc. increased its stake in shares of EMCOR Group by 0.3% in the second quarter. Sit Investment Associates Inc. now owns 37,525 shares of the construction company’s stock valued at $2,453,000 after buying an additional 100 shares during the period. Finally, Advantus Capital Management Inc increased its stake in shares of EMCOR Group by 1.3% in the first quarter. Advantus Capital Management Inc now owns 7,638 shares of the construction company’s stock valued at $481,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 94.16% of the company’s stock.
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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