Equities analysts expect that EMCOR Group, Inc. (NYSE:EME – Get Rating) will report sales of $2.62 billion for the current quarter, according to Zacks. Two analysts have issued estimates for EMCOR Group’s earnings, with the highest sales estimate coming in at $2.64 billion and the lowest estimate coming in at $2.60 billion. EMCOR Group posted sales of $2.44 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The company is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that EMCOR Group will report full-year sales of $10.72 billion for the current financial year, with estimates ranging from $10.70 billion to $10.74 billion. For the next year, analysts anticipate that the firm will report sales of $11.22 billion, with estimates ranging from $11.10 billion to $11.34 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover EMCOR Group.
EMCOR Group (NYSE:EME – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The construction company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.23). EMCOR Group had a return on equity of 17.26% and a net margin of 3.65%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business earned $1.54 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year.
In other EMCOR Group news, CEO Anthony Guzzi sold 1,381 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $120.00, for a total value of $165,720.00. Following the completion of the sale, the chief executive officer now owns 291,256 shares of the company’s stock, valued at $34,950,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of EME. Norges Bank acquired a new position in shares of EMCOR Group during the 4th quarter worth about $67,139,000. Allspring Global Investments Holdings LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth about $28,088,000. TimesSquare Capital Management LLC increased its stake in EMCOR Group by 22.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 913,160 shares of the construction company’s stock valued at $116,327,000 after acquiring an additional 166,545 shares during the period. Leeward Investments LLC MA bought a new position in EMCOR Group during the first quarter valued at about $14,953,000. Finally, Assenagon Asset Management S.A. increased its stake in EMCOR Group by 443.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,336 shares of the construction company’s stock valued at $19,406,000 after acquiring an additional 124,290 shares during the period. 94.36% of the stock is owned by institutional investors and hedge funds.
Shares of EMCOR Group stock opened at $107.70 on Friday. EMCOR Group has a 1-year low of $99.72 and a 1-year high of $135.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.40 and a quick ratio of 1.37. The business’s fifty day moving average price is $110.11 and its two-hundred day moving average price is $117.50. The company has a market capitalization of $5.51 billion, a P/E ratio of 15.59 and a beta of 1.18.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $0.52 dividend on an annualized basis and a yield of 0.48%. EMCOR Group’s dividend payout ratio (DPR) is currently 7.53%.
EMCOR Group Company Profile (Get Rating)
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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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