EMCOR Group (NYSE:EME) Posts Quarterly Earnings Results, Beats Expectations By $0.79 EPS

EMCOR Group (NYSE:EME - Get Free Report) released its earnings results on Wednesday. The construction company reported $6.32 earnings per share for the quarter, beating analysts' consensus estimates of $5.53 by $0.79, Zacks reports. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group updated its FY 2025 guidance to 22.250-24.000 EPS.

EMCOR Group Stock Up 1.4 %

Shares of NYSE EME traded up $5.62 during mid-day trading on Friday, reaching $408.33. 676,820 shares of the company were exchanged, compared to its average volume of 516,408. The company's 50-day simple moving average is $458.38 and its 200-day simple moving average is $449.14. The stock has a market capitalization of $18.78 billion, a P/E ratio of 20.74 and a beta of 1.11. EMCOR Group has a twelve month low of $305.89 and a twelve month high of $545.29.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, January 16th. EMCOR Group's dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

A number of analysts have commented on EME shares. Stifel Nicolaus cut their price target on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research note on Thursday. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target for the company. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $497.25.

EMCOR Group announced that its board has initiated a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.