Analysts predict that EMCOR Group, Inc. (NYSE:EME – Get Rating) will report $2.46 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for EMCOR Group’s earnings, with estimates ranging from $2.42 billion to $2.50 billion. EMCOR Group posted sales of $2.30 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that EMCOR Group will report full-year sales of $10.44 billion for the current year, with estimates ranging from $10.25 billion to $10.62 billion. For the next financial year, analysts forecast that the business will report sales of $10.93 billion, with estimates ranging from $10.60 billion to $11.26 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover EMCOR Group.
EMCOR Group (NYSE:EME – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The construction company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.03). The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. EMCOR Group had a return on equity of 17.82% and a net margin of 3.87%.
NYSE:EME traded up $0.50 during trading hours on Friday, reaching $117.09. The company had a trading volume of 3,998 shares, compared to its average volume of 307,528. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 16.51 and a beta of 1.22. The business’s 50-day simple moving average is $115.36 and its two-hundred day simple moving average is $120.36. EMCOR Group has a twelve month low of $107.79 and a twelve month high of $135.98.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.44%. The ex-dividend date is Thursday, April 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 7.37%.
Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC bought a new stake in EMCOR Group in the fourth quarter worth about $27,000. Northwestern Mutual Wealth Management Co. raised its position in EMCOR Group by 276.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 267 shares of the construction company’s stock worth $34,000 after acquiring an additional 196 shares during the period. MUFG Americas Holdings Corp bought a new stake in EMCOR Group in the third quarter worth about $44,000. First Horizon Advisors Inc. raised its position in EMCOR Group by 156.6% in the third quarter. First Horizon Advisors Inc. now owns 1,034 shares of the construction company’s stock worth $52,000 after acquiring an additional 631 shares during the period. Finally, Kings Point Capital Management bought a new stake in EMCOR Group in the third quarter worth about $61,000. Institutional investors and hedge funds own 93.88% of the company’s stock.
About EMCOR Group (Get Rating)
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.
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