EMCOR Group, Inc. Plans Quarterly Dividend of $0.25 (NYSE:EME)

Key Points

• EMCOR Group, Inc. announced a quarterly dividend of $0.25 per share, with stockholders of record set to be paid on October 30th.
• The company reported an impressive earnings per share of $6.72 for the last quarter, exceeding analyst expectations of $5.68.
• Analysts have mixed ratings for EMCOR Group, with a consensus rating of "Moderate Buy" and a price target averaging around $594.50.

EMCOR Group, Inc. (NYSE:EME - Get Free Report) announced a quarterly dividend on Friday, October 3rd, RTT News reports. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.25 per share by the construction company on Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 0.2%.

EMCOR Group has a dividend payout ratio of 3.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect EMCOR Group to earn $22.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 4.5%.

EMCOR Group Stock Performance

Shares of EME traded down $4.66 during mid-day trading on Friday, hitting $655.63. 65,732 shares of the company's stock were exchanged, compared to its average volume of 526,339. The firm has a market capitalization of $29.35 billion, a P/E ratio of 27.16 and a beta of 1.24. EMCOR Group has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The business's 50 day moving average is $626.92 and its two-hundred day moving average is $514.97. 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 issued its 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. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period last year, the company posted $5.25 earnings per share. The firm's quarterly revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts expect that EMCOR Group will post 20.74 earnings per share for the current year.

Analysts Set New Price Targets

EME has been the topic of a number of analyst reports. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. DA Davidson lifted their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, TD Securities assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

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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