EMCOR Group (EME) Stock Price, News & Analysis

Company Overview

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. The company also provides building services that covers commercial and government site-based operations and maintenance; facility management, maintenance, and services; energy efficiency retrofit services; military base operations support services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal services; vendor management and call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; modification and retrofit projects; and other building services, including reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; instrumentation and electrical; and renewable energy services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.

Key Stats

• Today's Range: $406.24 to $417.78
• 50-Day Range: $340.27 to $409.20
• 52-Week Range: $191.50 to $417.78
• Volume: 383,970 shs
• Average Volume: 447,469 shs
• Market Capitalization: $19.21 billion
• P/E Ratio: 26.97
• Dividend Yield: 0.24%
• Price Target: $430.00
• Consensus Rating: Moderate Buy

EMCOR Group Stock Analysis - MarketRank™

EMCOR Group scored higher than 47% of companies evaluated by MarketBeat, and ranked 75th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

EMCOR Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

EMCOR Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 0.46%

Earnings Growth

Earnings for EMCOR Group are expected to grow by 0.46% in the coming year, from $19.50 to $19.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of EMCOR Group is 26.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of EMCOR Group is 26.97, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 24.30.

Price to Book Value per Share Ratio

EMCOR Group has a P/B Ratio of 7.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.24% of the float of EMCOR Group has been sold short.

Short Interest Ratio / Days to Cover

EMCOR Group has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EMCOR Group has recently decreased by 1.90%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

EMCOR Group has a dividend yield of 0.26%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

EMCOR Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of EMCOR Group is 6.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, EMCOR Group will have a dividend payout ratio of 5.10% next year. This indicates that EMCOR Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.24% of the float of EMCOR Group has been sold short.

Short Interest Ratio / Days to Cover

EMCOR Group has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EMCOR Group has recently decreased by 1.90%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.18

News Sentiment

EMCOR Group has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for EMCOR Group this week, compared to 7 articles on an average week.

Search Interest

Only 27 people have searched for EME on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

Only 17 people have added EMCOR Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, EMCOR Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $482,027.00 in company stock.

Percentage Held by Insiders

Only 1.26% of the stock of EMCOR Group is held by insiders.

Percentage Held by Institutions

92.59% of the stock of EMCOR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EME Stock Analysis - Frequently Asked Questions

How have EME shares performed this year?

EMCOR Group's stock was trading at $215.43 at the start of the year. Since then, EME shares have increased by 89.8% and is now trading at $408.81.
View the best growth stocks for 2024 here.

How were EMCOR Group's earnings last quarter?

EMCOR Group, Inc. (NYSE:EME) announced its quarterly earnings data on Thursday, July, 25th. The construction company reported $5.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.76 by $1.49. The business's quarterly revenue was up 20.4% compared to the same quarter last year.

Is EMCOR Group doing a stock buyback?

EMCOR Group's Board of Directors authorized a stock buyback program on Friday, June 7th 2024, which permits the company to buy back $500,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Does EMCOR Group have any subsidiaries?

The following companies are subsidiaries of EMCOR Group: Batchelor & Kimball, Ardent Services, Rabalais Constructors, Newcomb and Co., RepconStrickland, USM Services, Bahnson Holdings, and others.

Who are EMCOR Group's major shareholders?

EMCOR Group's top institutional investors include Kayne Anderson Rudnick Investment Management LLC (5.67%), Select Equity Group L.P. (2.48%), Acadian Asset Management LLC (1.12%) and Dimensional Fund Advisors LP (1.03%). Insiders that own company stock include Anthony Guzzi, R Kevin Matz, Mark A Pompa, Maxine Lum Mauricio, Carol P Lowe and Robin A Walker-Lee.
View institutional ownership trends.

How do I buy shares of EMCOR Group?

Shares of EME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of EMCOR Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EMCOR Group investors own include Endologix (ELGX), Xtrackers California Municipal Bond ETF (CA), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), BlackRock (BLK), Aegean Marine Petroleum Network (ANW) and Micron Technology (MU).

Company Calendar

• Ex-Dividend for 7/30 Dividend: 7/15/2024
• Last Earnings: 7/25/2024
• Dividend Payable: 7/30/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Electrical work
• Sub-Industry: Construction & Engineering
• Current Symbol: NYSE:EME
• CUSIP: 29084Q10
• CIK: 105634
• Web: www.emcorgroup.com
• Phone: (203) 849-7800
• Fax: 203-849-7900
• Employees: 38,300
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $430.00
• High Stock Price Target: $430.00
• Low Stock Price Target: $430.00
• Potential Upside/Downside: +5.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $15.16
• Trailing P/E Ratio: 26.97
• Forward P/E Ratio: 20.96
• P/E Growth: N/A
• Net Income: $632.99 million
• Net Margins: 6.01%
• Pretax Margin: 8.24%
• Return on Equity: 32.73%
• Return on Assets: 12.44%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.29
• Quick Ratio: 1.26

Sales & Book Value

• Annual Sales: $13.75 billion
• Price / Sales: 1.40
• Cash Flow: $17.01 per share
• Price / Cash Flow: 24.04
• Book Value: $52.52 per share
• Price / Book: 7.78

Miscellaneous

• Outstanding Shares: 46,996,000
• Free Float: 46,404,000
• Market Cap: $19.21 billion
• Optionable: Optionable
• Beta: 1.07