EMCOR Group (EME) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EMCOR Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EME shares.
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2 brokers have issued 1 year target prices for EMCOR Group's shares. Their EME share price forecasts range from $160.00 to $188.00. On average, they anticipate the company's share price to reach $174.00 in the next twelve months. This suggests that the stock has a possible downside of 17.4%.
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EMCOR Group's stock was trading at $148.11 at the beginning of 2023. Since then, EME shares have increased by 42.2% and is now trading at $210.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our EME earnings forecast.

EMCOR Group, Inc. (NYSE:EME) posted its earnings results on Thursday, July, 27th. The construction company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.58. The construction company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. EMCOR Group had a trailing twelve-month return on equity of 24.20% and a net margin of 4.13%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.99 EPS.

EMCOR Group declared a quarterly dividend on Friday, July 7th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.18 per share on Monday, July 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, July 19th.
Read our dividend analysis for EME.

ETFs with the largest weight of EMCOR Group (NYSE:EME) stock in their portfolio include Pinnacle Focused Opportunities ETF (FCUS), First Trust RBA American Industrial Renaissance ETF (AIRR), Innovator IBD 50 ETF (FFTY), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Invesco Building & Construction ETF (PKB), Cambria Value and Momentum ETF (VAMO), SRH U.S. Quality ETF (SRHQ) and Running Oak Efficient Growth ETF (RUNN).

EMCOR Group (NYSE:EME) pays an annual dividend of $0.72 per share and currently has a dividend yield of 0.34%. 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 7.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EME will have a dividend payout ratio of 6.12% 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, July, 27th. The company provided earnings per share (EPS) guidance of $10.75-$11.25 for the period, compared to the consensus EPS estimate of $9.81. The company issued revenue guidance of $12.0-$12.5 billion, compared to the consensus revenue estimate of $12.26 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.89%), Kayne Anderson Rudnick Investment Management LLC (7.29%), State Street Corp (2.80%), Dimensional Fund Advisors LP (1.85%), Geode Capital Management LLC (1.62%) and Congress Asset Management Co. MA (1.52%). Insiders that own company stock include Anthony Guzzi, Carol P Lowe, Mark A Pompa, Maxine Lum Mauricio, R Kevin Matz and William P Reid.
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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 $210.65.

EMCOR Group (NYSE:EME) has a market capitalization of $10.02 billion and generates $11.08 billion in revenue each year. The construction company earns $406.12 million in net income (profit) each year or $10.06 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.