Emcor Group (EME) Receives News Sentiment Score of 0.02
News coverage about Emcor Group (NYSE:EME) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Emcor Group earned a news impact score of 0.02 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.0889973589043 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of research firms have recently issued reports on EME. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 price target (up from $75.00) on shares of Emcor Group in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. Finally, ValuEngine downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Emcor Group has an average rating of “Hold” and an average price target of $88.50.
Emcor Group (EME) traded up $1.12 during mid-day trading on Friday, hitting $83.60. 623,558 shares of the stock were exchanged, compared to its average volume of 246,746. Emcor Group has a 52 week low of $59.76 and a 52 week high of $85.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.44. The firm has a market cap of $4,916.85, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02.
Emcor Group declared that its Board of Directors has initiated a stock buyback program on Thursday, October 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. Emcor Group’s dividend payout ratio is currently 8.94%.
In related news, Director Jerry E. Ryan sold 13,000 shares of Emcor Group stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $78.06, for a total transaction of $1,014,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William P. Reid sold 4,647 shares of Emcor Group 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 disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
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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