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

Key Points

• EMCOR Group, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $594.50.
• Recent quarterly results showed EMCOR Group reported $6.72 EPS, beating expectations and reflecting a 17.4% year-over-year revenue increase.
• The company has declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.2%.

EMCOR Group, Inc. (NYSE:EME - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $594.50.

EME has been the subject of a number of research analyst reports. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. William Blair initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Finally, UBS Group set a $750.00 price target on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th.

Institutional Investors Weigh In On EMCOR Group

Institutional investors have recently made changes to their positions in the company. BankPlus Trust Department increased its stake in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group during the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group in the 1st quarter valued at $30,000. Tobam grew its position in shares of EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company's stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group during the second quarter worth approximately $43,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Down 2.1%

EME stock traded down $13.36 during mid-day trading on Wednesday, reaching $619.89. 353,374 shares of the stock traded hands, compared to its average volume of 310,887. EMCOR Group has a 52-week low of $320.89 and a 52-week high of $667.64. The stock's fifty day moving average is $583.56 and its 200-day moving average is $477.12. The company has a market cap of $27.75 billion, a P/E ratio of 25.72 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last released 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 business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm's revenue was up 17.4% compared to the same quarter last year. 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. As a group, sell-side analysts expect that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group's payout ratio is 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.