Emcor Group Inc (NYSE:EME) – Analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Emcor Group in a research note issued to investors on Friday. KeyCorp analyst T. Afzal anticipates that the construction company will post earnings per share of $0.83 for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Emcor Group’s Q2 2018 earnings at $1.05 EPS.
Emcor Group (NYSE:EME) last issued its earnings results on Thursday, February 22nd. The construction company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.27. Emcor Group had a net margin of 2.96% and a return on equity of 15.10%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis.
Shares of Emcor Group (NYSE:EME) opened at $76.45 on Monday. The company has a market cap of $4,500.00, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.96. Emcor Group has a 1 year low of $59.76 and a 1 year high of $85.08. The company has a current ratio of 1.38, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, January 12th. Emcor Group’s payout ratio is 8.36%.
In other Emcor Group news, Director William P. Reid sold 4,647 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EME. Meeder Asset Management Inc. lifted its position in shares of Emcor Group by 365.2% during the third quarter. Meeder Asset Management Inc. now owns 2,740 shares of the construction company’s stock valued at $190,000 after buying an additional 2,151 shares during the last quarter. Aperio Group LLC lifted its position in shares of Emcor Group by 3.4% during the third quarter. Aperio Group LLC now owns 27,329 shares of the construction company’s stock valued at $1,896,000 after buying an additional 899 shares during the last quarter. First Midwest Bank Trust Division raised its position in shares of Emcor Group by 5.8% in the 3rd quarter. First Midwest Bank Trust Division now owns 20,571 shares of the construction company’s stock valued at $1,427,000 after purchasing an additional 1,123 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Emcor Group in the 3rd quarter valued at approximately $362,000. Finally, Victory Capital Management Inc. raised its position in shares of Emcor Group by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,202,317 shares of the construction company’s stock valued at $152,797,000 after purchasing an additional 82,349 shares during the last quarter. 95.19% of the stock is owned by institutional investors and hedge funds.
Emcor Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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