Analysts expect Emcor Group Inc (NYSE:EME) to announce $2.30 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Emcor Group’s earnings. The highest sales estimate is $2.36 billion and the lowest is $2.24 billion. Emcor Group posted sales of $2.23 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The company is scheduled to issue its next earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Emcor Group will report full-year sales of $9.07 billion for the current year, with estimates ranging from $9.01 billion to $9.13 billion. For the next year, analysts expect that the business will post sales of $9.49 billion, with estimates ranging from $9.29 billion to $9.70 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Emcor Group.
Emcor Group (NYSE:EME) last released its earnings results on Tuesday, October 29th. The construction company reported $1.45 earnings per share for the quarter, beating the 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
NYSE:EME traded up $0.62 during mid-day trading on Friday, hitting $89.96. The company had a trading volume of 345,699 shares, compared to its average volume of 346,842. Emcor Group has a fifty-two week low of $57.29 and a fifty-two week high of $93.54. The business’s fifty day moving average is $88.09 and its two-hundred day moving average is $85.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.43. The firm has a market cap of $5.08 billion, a P/E ratio of 18.40 and a beta of 1.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, October 17th. Emcor Group’s dividend payout ratio is currently 6.52%.
In other news, CEO Anthony Guzzi sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $89.04, for a total transaction of $445,200.00. Following the sale, the chief executive officer now owns 354,146 shares of the company’s stock, valued at $31,533,159.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
Several large investors have recently bought and sold shares of EME. NN Investment Partners Holdings N.V. bought a new position in shares of Emcor Group during the second quarter worth about $779,000. First Hawaiian Bank grew its holdings in shares of Emcor Group by 8.2% during the second quarter. First Hawaiian Bank now owns 4,620 shares of the construction company’s stock worth $407,000 after buying an additional 350 shares in the last quarter. Toth Financial Advisory Corp bought a new position in shares of Emcor Group during the second quarter worth about $326,000. Oakbrook Investments LLC grew its holdings in shares of Emcor Group by 25.0% during the second quarter. Oakbrook Investments LLC now owns 4,000 shares of the construction company’s stock worth $352,000 after buying an additional 800 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of Emcor Group during the second quarter worth about $211,000. Institutional investors and hedge funds own 91.66% of the company’s stock.
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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