Equities analysts predict that Emcor Group Inc (NYSE:EME) will post sales of $1.82 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Emcor Group’s earnings. The highest sales estimate is $1.91 billion and the lowest is $1.73 billion. Emcor Group posted sales of $2.32 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 21.6%. The firm is scheduled to announce its next earnings results on Tuesday, August 4th.
According to Zacks, analysts expect that Emcor Group will report full year sales of $8.51 billion for the current year, with estimates ranging from $8.45 billion to $8.57 billion. For the next year, analysts anticipate that the company will post sales of $8.80 billion, with estimates ranging from $8.68 billion to $8.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Emcor Group.
Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.35. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. Emcor Group had a return on equity of 16.51% and a net margin of 3.53%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS.
Shares of EME traded down $1.61 during trading hours on Monday, hitting $62.06. 341,531 shares of the company were exchanged, compared to its average volume of 491,762. The firm has a fifty day simple moving average of $60.65 and a 200-day simple moving average of $76.80. The company has a market capitalization of $3.49 billion, a PE ratio of 10.64 and a beta of 1.02. Emcor Group has a one year low of $41.85 and a one year high of $93.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.48.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 17th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, April 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. Emcor Group’s dividend payout ratio is 5.57%.
In other news, Director John W. Altmeyer acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $58.52 per share, for a total transaction of $58,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in Emcor Group during the fourth quarter worth $32,000. BDO Wealth Advisors LLC increased its position in Emcor Group by 988.9% during the first quarter. BDO Wealth Advisors LLC now owns 490 shares of the construction company’s stock worth $30,000 after buying an additional 445 shares during the last quarter. Americana Partners LLC acquired a new position in Emcor Group during the fourth quarter worth $42,000. Parallel Advisors LLC increased its position in Emcor Group by 394.7% during the first quarter. Parallel Advisors LLC now owns 658 shares of the construction company’s stock worth $40,000 after buying an additional 525 shares during the last quarter. Finally, Synovus Financial Corp increased its position in Emcor Group by 136.0% during the first quarter. Synovus Financial Corp now owns 689 shares of the construction company’s stock worth $42,000 after buying an additional 397 shares during the last quarter. 92.91% of the stock is currently owned by hedge funds and other institutional investors.
Emcor Group Company Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
See Also: Earnings Per Share (EPS)
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