Emcor Group Inc (NYSE:EME) declared a quarterly dividend on Monday, July 8th, RTT News reports. Investors of record on Friday, July 19th will be given a dividend of 0.08 per share by the construction company on Tuesday, July 30th. This represents a $0.32 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, July 18th.
Emcor Group has raised its dividend by an average of 10.1% per year over the last three years. Emcor Group has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Emcor Group to earn $5.79 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.5%.
Shares of Emcor Group stock opened at $87.88 on Wednesday. The stock has a 50 day moving average price of $85.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.38. Emcor Group has a 52-week low of $57.29 and a 52-week high of $89.54. The stock has a market cap of $4.92 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.07 and a beta of 1.19.
Emcor Group (NYSE:EME) last released its earnings results on Tuesday, April 30th. The construction company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.23. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. Emcor Group’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. As a group, equities research analysts expect that Emcor Group will post 5.45 earnings per share for the current fiscal year.
EME has been the subject of a number of recent analyst reports. ValuEngine cut shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Maxim Group set a $73.00 target price on shares of Emcor Group and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.
In related news, Chairman Anthony Guzzi sold 12,314 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the transaction, the chairman now directly owns 394,190 shares in the company, valued at approximately $30,774,413.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark A. Pompa sold 12,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $85.00, for a total transaction of $1,020,000.00. The disclosure for this sale can be found here. Insiders sold a total of 32,314 shares of company stock valued at $2,621,354 over the last quarter. 1.90% of the stock is owned by company insiders.
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 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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