Wall Street brokerages expect Emcor Group Inc (NYSE:EME) to report $1.00 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Emcor Group’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.01. Emcor Group reported earnings of $0.95 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The firm is scheduled to announce its next earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Emcor Group will report full year earnings of $4.49 per share for the current year, with EPS estimates ranging from $4.40 to $4.55. For the next year, analysts anticipate that the firm will report earnings of $4.91 per share, with EPS estimates ranging from $4.87 to $4.95. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Emcor Group.
Emcor Group (NYSE:EME) last announced its earnings results on Thursday, April 26th. The construction company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.09. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.80 billion. Emcor Group had a return on equity of 14.89% and a net margin of 2.99%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share.
Separately, Zacks Investment Research lowered Emcor Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $86.00.
A number of institutional investors have recently bought and sold shares of the business. Advisor Group Inc. increased its stake in Emcor Group by 35.2% during the 4th quarter. Advisor Group Inc. now owns 2,682 shares of the construction company’s stock worth $219,000 after acquiring an additional 698 shares during the period. Aperio Group LLC increased its stake in Emcor Group by 2.6% during the 1st quarter. Aperio Group LLC now owns 28,662 shares of the construction company’s stock worth $2,234,000 after acquiring an additional 720 shares during the period. Flinton Capital Management LLC increased its stake in Emcor Group by 26.5% during the 4th quarter. Flinton Capital Management LLC now owns 3,744 shares of the construction company’s stock worth $306,000 after acquiring an additional 784 shares during the period. Verition Fund Management LLC increased its stake in Emcor Group by 14.2% during the 1st quarter. Verition Fund Management LLC now owns 6,429 shares of the construction company’s stock worth $501,000 after acquiring an additional 799 shares during the period. Finally, ETRADE Capital Management LLC increased its stake in Emcor Group by 11.2% during the 4th quarter. ETRADE Capital Management LLC now owns 9,294 shares of the construction company’s stock worth $760,000 after acquiring an additional 933 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.
Shares of NYSE EME traded down $0.20 during trading hours on Thursday, reaching $76.41. 170,600 shares of the stock were exchanged, compared to its average volume of 346,615. The firm has a market cap of $4.56 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a current ratio of 1.43, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Emcor Group has a 52 week low of $62.15 and a 52 week high of $85.08.
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 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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