EMCOR Group, Inc. (EME) Cut to “Sell” at BidaskClub
BidaskClub cut shares of EMCOR Group, Inc. (NYSE:EME) from a hold rating to a sell rating in a research report released on Friday.
Separately, Zacks Investment Research raised EMCOR Group from a sell rating to a hold rating and set a $74.00 target price for the company in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $69.75.
EMCOR Group (NYSE:EME) opened at 67.50 on Friday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 20.23 and a beta of 0.88. The firm’s 50-day moving average is $65.62 and its 200 day moving average is $65.16. EMCOR Group has a 1-year low of $54.89 and a 1-year high of $73.44.
EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.95 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts anticipate that EMCOR Group will post $3.52 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 17th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, July 13th. EMCOR Group’s dividend payout ratio is presently 9.61%.
Several institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its position in EMCOR Group by 8.5% in the first quarter. Flinton Capital Management LLC now owns 1,632 shares of the construction company’s stock worth $103,000 after buying an additional 128 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in EMCOR Group by 8.5% in the first quarter. Meadow Creek Investment Management LLC now owns 2,244 shares of the construction company’s stock worth $141,000 after buying an additional 176 shares in the last quarter. IFP Advisors Inc boosted its position in EMCOR Group by 10.8% in the second quarter. IFP Advisors Inc now owns 2,546 shares of the construction company’s stock worth $166,000 after buying an additional 249 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in EMCOR Group by 8.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the construction company’s stock worth $180,000 after buying an additional 224 shares in the last quarter. Finally, Wright Investors Service Inc. bought a new position in EMCOR Group during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 94.16% 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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