What is KeyCorp's Forecast for EMCOR Group Q3 Earnings?

Key Points

• KeyCorp raised its Q3 2026 EPS forecast for EMCOR Group to $8.15, up from $7.18, and projects $32.63 in FY2026 earnings and $36.35 in FY2027.
• EMCOR recently beat quarterly expectations, reporting $9.06 EPS versus $7.23 expected and $5.15 billion in revenue, up 19.7% year over year. The company reaffirmed FY2026 EPS guidance of $32.00–$33.25.
• Analyst sentiment remains positive, with EMCOR carrying a consensus “Buy” rating and an average price target of $965.86, compared with its recent share price of $810.22.

EMCOR Group, Inc. (NYSE:EME - Free Report) - Equities research analysts at KeyCorp upped their Q3 2026 earnings per share estimates for EMCOR Group in a report released on Sunday, August 2nd. KeyCorp analyst S. Jain now expects that the construction company will post earnings of $8.15 per share for the quarter, up from their prior estimate of $7.18. The consensus estimate for EMCOR Group's current full-year earnings is $32.91 per share. KeyCorp also issued estimates for EMCOR Group's Q4 2026 earnings at $8.59 EPS, FY2026 earnings at $32.63 EPS and FY2027 earnings at $36.35 EPS.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company's revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS.

Other research analysts have also issued reports about the company. Wall Street Zen upgraded EMCOR Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a report on Thursday, April 30th. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of EMCOR Group in a research report on Friday, July 17th. Finally, Cantor Fitzgerald cut their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, EMCOR Group has an average rating of "Buy" and an average target price of $965.86.

EMCOR Group Price Performance

Shares of EME stock opened at $810.22 on Tuesday. The stock's fifty day simple moving average is $797.65 and its 200 day simple moving average is $794.31. EMCOR Group has a one year low of $564.92 and a one year high of $951.96. The firm has a market cap of $35.74 billion, a price-to-earnings ratio of 25.20 and a beta of 1.14.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group's payout ratio is currently 4.98%.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EMCOR Group

A number of large investors have recently modified their holdings of EME. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of EMCOR Group by 3.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company's stock valued at $270,000 after purchasing an additional 13 shares in the last quarter. PAX Financial Group LLC lifted its holdings in EMCOR Group by 3.6% during the 4th quarter. PAX Financial Group LLC now owns 404 shares of the construction company's stock worth $247,000 after buying an additional 14 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in EMCOR Group by 0.9% during the 4th quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company's stock worth $987,000 after buying an additional 15 shares in the last quarter. Advisors Capital Management LLC boosted its position in EMCOR Group by 3.4% in the 4th quarter. Advisors Capital Management LLC now owns 450 shares of the construction company's stock valued at $275,000 after buying an additional 15 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its position in EMCOR Group by 3.9% in the 4th quarter. KPP Advisory Services LLC now owns 399 shares of the construction company's stock valued at $244,000 after buying an additional 15 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR's service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.

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