EMCOR Group (NYSE:EME - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $4.99 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.
EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The business's revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $2.95 EPS. On average, analysts expect EMCOR Group to post $20 EPS for the current fiscal year and $20 EPS for the next fiscal year.
EMCOR Group Stock Up 0.1 %
EME traded up $0.49 during trading on Thursday, hitting $446.11. 265,331 shares of the company traded hands, compared to its average volume of 430,121. EMCOR Group has a one year low of $191.50 and a one year high of $456.16. The stock's fifty day moving average is $409.24 and its 200 day moving average is $382.48. The firm has a market cap of $20.97 billion, a P/E ratio of 29.38 and a beta of 1.07.
EMCOR Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group's dividend payout ratio is currently 6.60%.
Insider Activity
In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the transaction, the director now directly owns 8,637 shares of the company's stock, valued at approximately $3,202,513.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.26% of the company's stock.
Wall Street Analysts Forecast Growth
EME has been the topic of several research analyst reports. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th.
Read Our Latest Research Report on EME
About EMCOR Group
(
Get Free Report)
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.
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