EMCOR Group - EME Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCOR Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EME shares.
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3 equities research analysts have issued 1-year target prices for EMCOR Group's shares. Their EME share price forecasts range from $137.00 to $188.00. On average, they predict the company's share price to reach $161.67 in the next year. This suggests that the stock has a possible downside of 0.6%.
View analysts price targets for EME or view top-rated stocks among Wall Street analysts.

EMCOR Group's stock was trading at $148.11 at the beginning of the year. Since then, EME stock has increased by 9.8% and is now trading at $162.59.
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EMCOR Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,030,000 shares, an increase of 7.6% from the February 28th total of 957,600 shares. Based on an average daily trading volume, of 288,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.2% of the company's stock are sold short.
View EMCOR Group's Short Interest.

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

EMCOR Group, Inc. (NYSE:EME) announced its quarterly earnings data on Thursday, February, 23rd. The construction company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. The construction company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.88 billion. EMCOR Group had a trailing twelve-month return on equity of 20.55% and a net margin of 3.67%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 EPS.

EMCOR Group announced a quarterly dividend on Friday, January 6th. Investors of record on Tuesday, January 17th will be given 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 0.37%. The ex-dividend date of this dividend is Friday, January 13th.
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 RenaissanceTM ETF (AIRR), Invesco Dynamic Building & Construction ETF (PKB), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS), Invesco S&P MidCap Low Volatility ETF (XMLV), Invesco S&P MidCap Momentum ETF (XMMO), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and WisdomTree U.S. Value Fund (WTV).

EMCOR Group (NYSE:EME) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.37%. 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 7.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EME will have a dividend payout ratio of 5.80% 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, February, 23rd. The company provided EPS guidance of $8.75-9.50 for the period, compared to the consensus earnings per share estimate of $9.08. The company issued revenue guidance of $12.0-12.5 billion, compared to the consensus revenue estimate of $11.73 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."

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 $162.59.

EMCOR Group (NYSE:EME) has a market capitalization of $7.75 billion and generates $11.08 billion in revenue each year. The construction company earns $406.12 million in net income (profit) each year or $8.17 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.