Analysts Set EMCOR Group, Inc. (NYSE:EME) PT at $594.50

Key Points

• EMCOR Group, Inc. has received a consensus recommendation of "Moderate Buy" from twelve brokerages, with an average price target of $594.50.
• The company reported $6.72 EPS in its latest quarterly earnings, exceeding estimates and marking a 17.4% year-over-year revenue increase.
• EMCOR recently announced a quarterly dividend of $0.25, translating to an annualized dividend yield of 0.2%.

Shares of EMCOR Group, Inc. (NYSE:EME - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $594.50.

A number of equities research analysts recently commented on the company. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. DA Davidson boosted their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Hovde Group raised EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Finally, William Blair assumed coverage on EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating on the stock.

EMCOR Group Price Performance

Shares of NYSE:EME traded up $22.86 during mid-day trading on Friday, reaching $654.88. The stock had a trading volume of 837,611 shares, compared to its average volume of 534,349. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market cap of $29.31 billion, a P/E ratio of 27.17 and a beta of 1.28. EMCOR Group has a 1 year low of $320.89 and a 1 year high of $667.64. The business's 50 day moving average price is $612.05 and its 200 day moving average price is $500.14.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period 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. Research analysts expect that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BankPlus Trust Department grew its stake in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $30,000. Groupe la Francaise grew its stake in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after buying an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $37,000. Institutional investors own 92.59% of the company's stock.

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.