EMCOR Group, Inc. (NYSE:EME) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• EMCOR Group has received a consensus rating of "Moderate Buy" from thirteen analysts, with a target price of approximately $654.83.
• The company reported earnings per share of $6.72 for the last quarter, exceeding analyst expectations, and revealed a 17.4% year-over-year revenue increase.
• EMCOR Group announced a quarterly dividend of $0.25 per share, reflecting an annualized payout of $1.00 with a yield of 0.1%.

Shares of EMCOR Group, Inc. (NYSE:EME - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $654.8333.

A number of analysts recently issued reports on EME shares. TD Securities started coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Weiss Ratings reiterated a "buy (b)" rating on shares of EMCOR Group in a report on Wednesday, October 8th. UBS Group set a $750.00 target price on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a report on Thursday, August 7th.

Institutional Trading of EMCOR Group

Hedge funds have recently bought and sold shares of the stock. BankPlus Trust Department lifted its holdings in EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group during the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group during the first quarter worth $30,000. Tobam lifted its holdings in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company's stock worth $43,000 after buying an additional 76 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 2.3%

EME opened at $689.89 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market cap of $30.88 billion, a price-to-earnings ratio of 28.63 and a beta of 1.24. The stock's 50 day moving average price is $635.20 and its 200-day moving average price is $532.45. EMCOR Group has a one year low of $320.89 and a one year high of $697.91.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts forecast that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group's dividend payout ratio is currently 4.15%.

EMCOR Group Company Profile

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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