Equities research analysts expect Emcor Group Inc (NYSE:EME) to report $1.50 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Emcor Group’s earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.48. Emcor Group reported earnings per share of $1.38 during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is expected to issue its next earnings report on Thursday, February 20th.
On average, analysts expect that Emcor Group will report full year earnings of $5.72 per share for the current year, with EPS estimates ranging from $5.70 to $5.75. For the next financial year, analysts expect that the business will post earnings of $5.94 per share, with EPS estimates ranging from $5.90 to $6.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Emcor Group.
Emcor Group (NYSE:EME) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.04. Emcor Group had a return on equity of 17.11% and a net margin of 3.51%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year.
Several research analysts recently weighed in on the stock. Maxim Group reissued a “hold” rating and issued a $95.00 target price on shares of Emcor Group in a research note on Thursday, October 31st. ValuEngine cut shares of Emcor Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson lifted their price target on shares of Emcor Group to $107.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $98.50.
In other Emcor Group news, CEO Anthony Guzzi sold 5,000 shares of Emcor Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.04, for a total value of $445,200.00. Following the completion of the sale, the chief executive officer now directly owns 354,146 shares of the company’s stock, valued at approximately $31,533,159.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. purchased a new stake in Emcor Group in the 2nd quarter valued at about $490,000. Arizona State Retirement System lifted its holdings in shares of Emcor Group by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 40,711 shares of the construction company’s stock worth $3,587,000 after acquiring an additional 501 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Emcor Group by 28.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 59,202 shares of the construction company’s stock worth $5,216,000 after acquiring an additional 13,145 shares during the period. Meritage Portfolio Management acquired a new stake in shares of Emcor Group in the second quarter worth approximately $686,000. Finally, Aperio Group LLC boosted its position in shares of Emcor Group by 4.6% in the second quarter. Aperio Group LLC now owns 29,095 shares of the construction company’s stock worth $2,563,000 after acquiring an additional 1,279 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.
Emcor Group stock traded up $0.80 during midday trading on Friday, reaching $87.28. 185,809 shares of the company were exchanged, compared to its average volume of 339,220. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.78 and a beta of 1.10. The firm’s 50-day simple moving average is $89.41 and its 200-day simple moving average is $85.76. Emcor Group has a 1 year low of $57.29 and a 1 year high of $93.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.43.
Emcor Group Company Profile
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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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