Equities research analysts forecast that Emcor Group Inc (NYSE:EME) will announce $1.22 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Emcor Group’s earnings. The lowest EPS estimate is $1.20 and the highest is $1.24. Emcor Group reported earnings per share of $1.09 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The firm is scheduled to announce its next earnings results on Thursday, October 25th.
On average, analysts expect that Emcor Group will report full year earnings of $4.67 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.77. For the next year, analysts anticipate that the company will post earnings of $5.01 per share, with EPS estimates ranging from $4.87 to $5.10. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Emcor Group.
Emcor Group (NYSE:EME) last issued its earnings results on Thursday, July 26th. The construction company reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.23. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. Emcor Group had a return on equity of 15.44% and a net margin of 3.15%. Emcor Group’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS.
Separately, Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.00.
In other news, EVP R Kevin Matz sold 15,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $81.12, for a total value of $1,216,800.00. Following the completion of the transaction, the executive vice president now directly owns 220,109 shares of the company’s stock, valued at approximately $17,855,242.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jerry E. Ryan sold 2,000 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $78.10, for a total value of $156,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,434 shares of company stock valued at $3,166,873. Corporate insiders own 2.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EME. Systematic Financial Management LP grew its stake in Emcor Group by 86.9% during the 2nd quarter. Systematic Financial Management LP now owns 455,583 shares of the construction company’s stock worth $34,706,000 after buying an additional 211,837 shares during the last quarter. BlackRock Inc. grew its stake in Emcor Group by 3.2% during the 2nd quarter. BlackRock Inc. now owns 6,483,730 shares of the construction company’s stock worth $493,931,000 after buying an additional 202,856 shares during the last quarter. Marshall Wace LLP purchased a new position in Emcor Group during the 2nd quarter worth $15,268,000. First Quadrant L P CA grew its stake in Emcor Group by 1,119.0% during the 2nd quarter. First Quadrant L P CA now owns 139,598 shares of the construction company’s stock worth $10,635,000 after buying an additional 128,146 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in Emcor Group by 11.1% during the 2nd quarter. Voya Investment Management LLC now owns 1,098,299 shares of the construction company’s stock worth $83,668,000 after buying an additional 109,762 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.
NYSE EME traded up $0.08 on Wednesday, reaching $77.61. 214,600 shares of the stock traded hands, compared to its average volume of 317,263. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.66 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.14 and a beta of 0.92. Emcor Group has a 12 month low of $64.82 and a 12 month high of $85.08.
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 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.
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