Wall Street analysts expect that Emcor Group Inc (NYSE:EME) will post sales of $1.94 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Emcor Group’s earnings, with the highest sales estimate coming in at $1.95 billion and the lowest estimate coming in at $1.93 billion. Emcor Group posted sales of $1.89 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is expected to issue its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Emcor Group will report full-year sales of $1.94 billion for the current fiscal year, with estimates ranging from $7.88 billion to $8.04 billion. For the next year, analysts anticipate that the business will post sales of $8.21 billion per share, with estimates ranging from $8.06 billion to $8.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Emcor Group.
Emcor Group (NYSE:EME) last posted its quarterly earnings results on Thursday, February 22nd. The construction company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Emcor Group had a return on equity of 15.10% and a net margin of 2.96%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS.
Emcor Group (NYSE EME) traded up $1.00 on Friday, hitting $77.45. The stock had a trading volume of 324,241 shares, compared to its average volume of 339,159. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The firm has a market cap of $4,540.00, a PE ratio of 20.22, a P/E/G ratio of 1.22 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 also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, January 12th. Emcor Group’s payout ratio is currently 8.36%.
In related news, Director William P. Reid sold 4,647 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EME. Allianz Asset Management GmbH purchased a new position in Emcor Group in the 3rd quarter valued at approximately $25,720,000. Schwab Charles Investment Management Inc. increased its position in Emcor Group by 80.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 818,050 shares of the construction company’s stock worth $66,863,000 after buying an additional 364,172 shares in the last quarter. Millennium Management LLC increased its position in Emcor Group by 260.7% during the fourth quarter. Millennium Management LLC now owns 397,201 shares of the construction company’s stock worth $32,471,000 after buying an additional 287,085 shares in the last quarter. Prudential Financial Inc. increased its position in Emcor Group by 19.8% during the third quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock worth $76,506,000 after buying an additional 182,340 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Emcor Group by 368.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 215,939 shares of the construction company’s stock worth $17,653,000 after buying an additional 169,890 shares in the last quarter. 95.19% of the stock is owned by hedge funds and other institutional investors.
About Emcor Group
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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