EMCOR Group - EME Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EMCOR Group in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EME shares.
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3 Wall Street research analysts have issued 1-year price targets for EMCOR Group's stock. Their EME share price forecasts range from $137.00 to $165.00. On average, they predict the company's share price to reach $154.00 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
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EMCOR Group's stock was trading at $148.11 at the beginning of 2023. Since then, EME stock has decreased by 1.0% and is now trading at $146.58.
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EMCOR Group saw a decrease in short interest in December. As of December 30th, there was short interest totaling 702,100 shares, a decrease of 5.2% from the December 15th total of 740,700 shares. Based on an average daily trading volume, of 341,200 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our EME earnings forecast.

EMCOR Group, Inc. (NYSE:EME) posted its quarterly earnings results on Thursday, October, 28th. The construction company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.06. The construction company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.36 billion. EMCOR Group had a net margin of 3.54% and a trailing twelve-month return on equity of 18.65%. EMCOR Group's revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 earnings per share.

EMCOR Group declared a quarterly dividend on Friday, January 6th. Shareholders of record on Tuesday, January 17th will be paid a dividend of $0.15 per share on Tuesday, January 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, January 13th.
Read our dividend analysis for EME.

EMCOR Group (NYSE:EME) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.41%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EME will have a dividend payout ratio of 6.64% 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 FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $7.60-$7.85 for the period, compared to the consensus earnings per share estimate of $7.66. The company issued revenue guidance of $11.00 billion-$11.00 billion, compared to the consensus revenue estimate of $10.81 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 variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (1.51%), Allspring Global Investments Holdings LLC (0.36%), Ceredex Value Advisors LLC (0.30%), Assenagon Asset Management S.A. (0.24%), Kirr Marbach & Co. LLC IN (0.23%) and Hahn Capital Management LLC (0.23%). Insiders that own company stock include Anthony Guzzi, Carol P Lowe, John W Altmeyer, 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 $146.58.

EMCOR Group (NYSE:EME) has a market capitalization of $6.99 billion and generates $9.90 billion in revenue each year. The construction company earns $383.53 million in net income (profit) each year or $7.43 on an earnings per share basis.

The company employs 34,000 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.