Brokerages forecast that Emcor Group Inc (NYSE:EME) will post $1.97 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Emcor Group’s earnings, with the lowest sales estimate coming in at $1.96 billion and the highest estimate coming in at $1.98 billion. Emcor Group reported sales of $1.90 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The firm is scheduled to report its next earnings results on Thursday, April 25th.
On average, analysts expect that Emcor Group will report full-year sales of $8.36 billion for the current year, with estimates ranging from $8.35 billion to $8.37 billion. For the next financial year, analysts expect that the firm will post sales of $8.53 billion, with estimates ranging from $8.48 billion to $8.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Emcor Group.
Emcor Group (NYSE:EME) last released its quarterly earnings data on Thursday, February 21st. The construction company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.05 billion. Emcor Group had a net margin of 3.49% and a return on equity of 16.51%. Emcor Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS.
A number of brokerages recently commented on EME. Zacks Investment Research lowered shares of Emcor Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Maxim Group began coverage on shares of Emcor Group in a research note on Thursday, December 13th. They issued a “hold” rating and a $68.00 price target on the stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Emcor Group during the 4th quarter worth approximately $39,911,000. Allianz Asset Management GmbH bought a new position in shares of Emcor Group during the third quarter valued at about $22,648,000. BlackRock Inc. lifted its position in shares of Emcor Group by 3.8% during the third quarter. BlackRock Inc. now owns 6,731,040 shares of the construction company’s stock valued at $505,568,000 after purchasing an additional 247,310 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Emcor Group by 66.7% during the third quarter. Deutsche Bank AG now owns 556,699 shares of the construction company’s stock valued at $41,811,000 after purchasing an additional 222,806 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Emcor Group by 28.1% during the fourth quarter. Fiera Capital Corp now owns 737,008 shares of the construction company’s stock valued at $43,992,000 after purchasing an additional 161,524 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.
Shares of Emcor Group stock traded up $1.50 during trading on Friday, hitting $73.67. 13,956 shares of the stock were exchanged, compared to its average volume of 344,698. The firm has a market capitalization of $4.04 billion, a PE ratio of 14.98, a P/E/G ratio of 0.91 and a beta of 1.15. Emcor Group has a 1-year low of $57.29 and a 1-year high of $82.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
Featured Story: Net Income
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Emcor Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emcor Group and related companies with MarketBeat.com's FREE daily email newsletter.