EMCOR Group (EME) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCOR Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EME shares.
View EME analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1 year price objectives for EMCOR Group's shares. Their EME share price forecasts range from $160.00 to $188.00. On average, they expect the company's share price to reach $174.00 in the next year. This suggests that the stock has a possible downside of 0.3%.
View analysts price targets for EME or view top-rated stocks among Wall Street analysts.

EMCOR Group's stock was trading at $148.11 on January 1st, 2023. Since then, EME stock has increased by 17.9% and is now trading at $174.58.
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EMCOR Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,220,000 shares, an increase of 7.0% from the April 30th total of 1,140,000 shares. Based on an average trading volume of 368,400 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.6% of the company's shares are sold short.
View EMCOR Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our EME earnings forecast.

EMCOR Group, Inc. (NYSE:EME) released its earnings results on Thursday, April, 27th. The construction company reported $2.32 EPS for the quarter, topping the consensus estimate of $1.83 by $0.49. The construction company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.87 billion. EMCOR Group had a net margin of 3.91% and a trailing twelve-month return on equity of 22.68%. EMCOR Group's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share.

EMCOR Group announced a quarterly dividend on Thursday, April 6th. Investors of record on Monday, April 17th will be given a dividend of $0.18 per share on Friday, April 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, April 14th. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for EME.

ETFs with the largest weight of EMCOR Group (NYSE:EME) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Dynamic Building & Construction ETF (PKB), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Cambria Value and Momentum ETF (VAMO), Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS), Invesco S&P MidCap Momentum ETF (XMMO) and QRAFT AI-Enhanced U.S. Large Cap ETF (QRFT).

EMCOR Group (NYSE:EME) pays an annual dividend of $0.72 per share and currently has a dividend yield of 0.42%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EME will have a dividend payout ratio of 6.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EME.

EMCOR Group updated its FY23 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $9.25-$10.00 for the period, compared to the consensus earnings per share estimate of $9.20. The company issued revenue guidance of $12.0-$12.5 billion, compared to the consensus revenue estimate of $12.19 billion.

47 employees have rated EMCOR Group Chief Executive Officer Anthony J. Guzzi on Glassdoor.com. Anthony J. Guzzi has an approval rating of 62% among the company's employees. This puts Anthony J. Guzzi in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EMCOR Group investors own include Endologix (ELGX), CA (CA), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), BlackRock (BLK), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), ALJ Regional (ALJJ), Transocean (RIG) and Gran Tierra Energy (GTE).

EMCOR Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "EME."

EMCOR Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.90%), Kayne Anderson Rudnick Investment Management LLC (7.48%), FMR LLC (4.74%), State Street Corp (3.37%), Dimensional Fund Advisors LP (2.22%) and Envestnet Asset Management Inc. (2.05%). Insiders that own company stock include Anthony Guzzi, Carol P Lowe, Mark A Pompa, Maxine Lum Mauricio, R Kevin Matz and William P Reid.
View institutional ownership trends.

Shares of EME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EME stock can currently be purchased for approximately $174.58.

EMCOR Group (NYSE:EME) has a market capitalization of $8.33 billion and generates $11.08 billion in revenue each year. The construction company earns $406.12 million in net income (profit) each year or $9.10 on an earnings per share basis.

The company employs 35,500 workers across the globe.

EMCOR Group's mailing address is 301 MERRITT SEVEN, NORWALK CT, 06851. The official website for the company is www.emcorgroup.com. The construction company can be reached via phone at (203) 849-7800 or via fax at 203-849-7900.