EMCOR Group (EME) Given Coverage Optimism Rating of 0.21

Media stories about EMCOR Group (NYSE:EME) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EMCOR Group earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.9300474016118 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment’s rankings:

EME has been the subject of a number of analyst reports. BidaskClub cut EMCOR Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut EMCOR Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine cut EMCOR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 price target (up previously from $75.00) on shares of EMCOR Group in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. EMCOR Group has a consensus rating of “Hold” and a consensus price target of $83.33.

EMCOR Group (NYSE:EME) traded up $0.92 during trading on Monday, hitting $79.67. The stock had a trading volume of 247,919 shares, compared to its average volume of 355,200. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4,630.00, a price-to-earnings ratio of 21.64, a PEG ratio of 1.38 and a beta of 1.02. EMCOR Group has a twelve month low of $59.76 and a twelve month high of $81.77.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.27. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.93 billion. EMCOR Group had a return on equity of 13.94% and a net margin of 2.82%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. analysts predict that EMCOR Group will post 3.79 earnings per share for the current year.

EMCOR Group declared that its board has approved a share repurchase program on Thursday, October 26th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. EMCOR Group’s payout ratio is presently 8.84%.

In other news, Director Jerry E. Ryan sold 13,000 shares of EMCOR Group stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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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