News stories about EMCOR Group (NYSE:EME) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EMCOR Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.5812447410919 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
EMCOR Group (NYSE:EME) opened at $81.21 on Thursday. EMCOR Group has a one year low of $59.76 and a one year high of $81.77. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4,795.68, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02.
EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.27. EMCOR Group had a return on equity of 13.94% and a net margin of 2.82%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. equities research analysts expect that EMCOR Group will post 3.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Tuesday, October 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, October 16th. EMCOR Group’s payout ratio is 8.94%.
EMCOR Group announced that its Board of Directors has initiated a stock repurchase program on Thursday, October 26th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
EME has been the topic of a number of recent analyst reports. BidaskClub lowered EMCOR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, July 31st. KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research note on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price target (up previously from $75.00) on shares of EMCOR Group in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $83.33.
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In other EMCOR Group news, Director Jerry E. Ryan sold 13,000 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.
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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