Zacks: Brokerages Anticipate Emcor Group Inc (NYSE:EME) to Announce $0.61 EPS

Wall Street brokerages expect that Emcor Group Inc (NYSE:EME) will post $0.61 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Emcor Group’s earnings. The highest EPS estimate is $1.12 and the lowest is $0.05. Emcor Group posted earnings of $1.49 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 59.1%. The firm is expected to issue its next earnings results on Tuesday, August 4th.

On average, analysts expect that Emcor Group will report full year earnings of $3.97 per share for the current financial year, with EPS estimates ranging from $3.14 to $4.86. For the next financial year, analysts expect that the business will report earnings of $4.81 per share, with EPS estimates ranging from $4.48 to $5.21. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Emcor Group.

Emcor Group (NYSE:EME) last announced its earnings results on Thursday, April 30th. The construction company reported $1.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.35. Emcor Group had a net margin of 3.53% and a return on equity of 16.51%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue was up 6.5% compared to the same quarter last year.

EME has been the topic of a number of analyst reports. DA Davidson lowered shares of Emcor Group from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Friday, May 1st. TheStreet lowered shares of Emcor Group from a “b-” rating to a “c+” rating in a research report on Thursday, March 19th. ValuEngine lowered shares of Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 8th. Finally, Maxim Group reiterated a “hold” rating and set a $60.00 price target on shares of Emcor Group in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Emcor Group presently has a consensus rating of “Hold” and an average target price of $75.00.

Shares of NYSE:EME traded down $1.61 on Friday, reaching $62.06. 341,531 shares of the company’s stock were exchanged, compared to its average volume of 491,762. The company has a fifty day moving average of $60.65 and a 200-day moving average of $76.80. Emcor Group has a twelve month low of $41.85 and a twelve month high of $93.54. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 10.64 and a beta of 1.02. The company has a current ratio of 1.50, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 17th were given 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 purchased 1,000 shares of Emcor Group stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $58.52 per share, for a total transaction of $58,520.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.

A number of large investors have recently modified their holdings of EME. BDO Wealth Advisors LLC lifted its stake in Emcor Group by 988.9% in the 1st quarter. BDO Wealth Advisors LLC now owns 490 shares of the construction company’s stock valued at $30,000 after purchasing an additional 445 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Emcor Group in the 4th quarter valued at approximately $32,000. Parallel Advisors LLC lifted its stake in Emcor Group by 394.7% in the 1st quarter. Parallel Advisors LLC now owns 658 shares of the construction company’s stock valued at $40,000 after purchasing an additional 525 shares during the last quarter. Americana Partners LLC bought a new position in Emcor Group in the 4th quarter valued at approximately $42,000. Finally, Synovus Financial Corp lifted its stake in Emcor Group by 136.0% in the 1st quarter. Synovus Financial Corp now owns 689 shares of the construction company’s stock valued at $42,000 after purchasing an additional 397 shares during the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.

About Emcor Group

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.

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