EMCOR Group - EME Stock Forecast, Price & News

3 Wall Street equities 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 equities research analysts is that investors should "buy" EME shares.
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3 Wall Street research analysts have issued 12 month target prices for EMCOR Group's shares. Their EME share price forecasts range from $137.00 to $165.00. On average, they expect the company's stock price to reach $154.00 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
View analysts price targets for EME or view top-rated stocks among Wall Street analysts.

EMCOR Group's stock was trading at $127.39 at the beginning of 2022. Since then, EME stock has increased by 22.0% and is now trading at $155.36.
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EMCOR Group saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 925,100 shares, a drop of 8.4% from the October 31st total of 1,010,000 shares. Based on an average daily volume of 342,500 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.0% of the company's shares are short sold.
View EMCOR Group's Short Interest.

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 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. The construction company earned $2.52 billion during the quarter, compared to the consensus estimate of $2.36 billion. EMCOR Group had a trailing twelve-month return on equity of 18.65% and a net margin of 3.54%. EMCOR Group's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 earnings per share.

EMCOR Group declared a quarterly dividend on Thursday, July 28th. Investors of record on Tuesday, October 18th will be paid a dividend of $0.15 per share on Monday, October 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, October 17th. This is an increase from the stock's previous quarterly dividend of $0.13.
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 0.39%. 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 6.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EME.

EMCOR Group issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $7.60-$7.85 for the period, compared to the consensus 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.84%), Vanguard Group Inc. (10.80%), Kayne Anderson Rudnick Investment Management LLC (7.40%), State Street Corp (3.39%), Victory Capital Management Inc. (3.11%) and Dimensional Fund Advisors LP (2.33%). 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 $155.36.

EMCOR Group (NYSE:EME) has a market capitalization of $7.40 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.