Zacks: Analysts Anticipate Emcor Group Inc (NYSE:EME) to Post $1.41 Earnings Per Share

Analysts forecast that Emcor Group Inc (NYSE:EME) will report earnings per share of $1.41 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Emcor Group’s earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.44. Emcor Group posted earnings of $1.36 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, October 29th.

According to Zacks, analysts expect that Emcor Group will report full year earnings of $5.69 per share for the current fiscal year, with EPS estimates ranging from $5.63 to $5.75. For the next financial year, analysts expect that the business will report earnings of $5.95 per share, with EPS estimates ranging from $5.84 to $6.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Emcor Group.

Emcor Group (NYSE:EME) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.12 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS.

A number of analysts have recently weighed in on the stock. ValuEngine cut shares of Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Maxim Group restated a “hold” rating and issued a $85.00 price target on shares of Emcor Group in a report on Tuesday, July 30th. Finally, Stifel Nicolaus raised their price target on shares of Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research 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. Emcor Group has an average rating of “Buy” and a consensus target price of $90.00.

NYSE:EME opened at $88.82 on Wednesday. Emcor Group has a fifty-two week low of $57.29 and a fifty-two week high of $91.53. The stock has a market capitalization of $5.02 billion, a P/E ratio of 18.09 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.42. The company’s 50-day simple moving average is $86.28 and its 200-day simple moving average is $83.60.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 18th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, October 17th. Emcor Group’s dividend payout ratio is currently 6.52%.

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its stake in Emcor Group by 46.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 10,700 shares of the construction company’s stock worth $942,000 after purchasing an additional 3,400 shares in the last quarter. Sawgrass Asset Management LLC acquired a new stake in Emcor Group in the 2nd quarter worth approximately $1,423,000. Pacer Advisors Inc. acquired a new stake in Emcor Group in the 2nd quarter worth approximately $1,963,000. Hikari Power Ltd acquired a new stake in Emcor Group in the 2nd quarter worth approximately $226,000. Finally, Allianz Asset Management GmbH boosted its stake in Emcor Group by 7.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 447,723 shares of the construction company’s stock worth $39,445,000 after purchasing an additional 29,235 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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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