EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services. The company also provides building services that cover commercial and government site-based operations and maintenance; facility management, maintenance, and services; outage services to utilities and industrial plants; military base operations support services; mobile mechanical maintenance and services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal services; vendor management and call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; small modification and retrofit projects; and other building services. It offers industrial services to oil, gas, and petrochemical industries. EMCOR Group, Inc. was incorporated in 1987 and is headquartered in Norwalk, Connecticut.
EMCOR Group Trading Down 0.0 %
NYSE:EME traded down $0.03 during trading hours on Friday, reaching $114.40. 185,188 shares of the stock were exchanged, compared to its average volume of 247,957. EMCOR Group has a twelve month low of $95.64 and a twelve month high of $135.98. The business has a 50-day moving average of $105.20 and a two-hundred day moving average of $110.24. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 16.07 and a beta of 1.15. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.13.
EMCOR Group (NYSE:EME - Get Rating) last posted its earnings results on Thursday, July 28th. The construction company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.31. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.60 billion. EMCOR Group had a return on equity of 17.70% and a net margin of 3.59%. EMCOR Group's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. On average, equities analysts predict that EMCOR Group will post 7.72 EPS for the current year.
EMCOR Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 17th. This is a positive change from EMCOR Group's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.52%. EMCOR Group's dividend payout ratio (DPR) is 7.30%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Sidoti raised EMCOR Group from a "neutral" rating to a "buy" rating and set a $137.00 target price for the company in a research note on Monday, May 16th. KeyCorp raised their price objective on EMCOR Group from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 1st. Finally, StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Sunday, July 31st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $138.75.
Insider Buying and Selling
In other news, Director Carol P. Lowe sold 1,975 shares of EMCOR Group stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $102.55, for a total value of $202,536.25. Following the completion of the transaction, the director now owns 16,722 shares in the company, valued at approximately $1,714,841.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by insiders.
