Recent Research Analysts’ Ratings Updates for EMCOR Group (EME)

EMCOR Group (NYSE: EME) recently received a number of ratings updates from brokerages and research firms:

  • 11/1/2017 – EMCOR Group had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $88.00 price target on the stock, up previously from $75.00.
  • 10/31/2017 – EMCOR Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “EMCOR posted an impressive beat in third-quarter 2017 results, as its adjusted earnings from continuing operations exceeded the Zacks Consensus Estimate by over 32.9%. The robust bottom-line performance was driven by higher productivity, solid non-residential construction demand, strong project execution and improved margins. Encouraged by accretive acquisitions and increasing traction in the U.S. construction space, EMCOR’s management raised 2017 guidance for earnings. The U.S. Electrical Construction segment stands to benefit from the Ardent acquisition, going forward. In the past six months, EMCOR’s share price return has trumped the industry’s average return. However, macroeconomic issues like volatility in oil & gas prices, low levels of capital spending by customers and currency translation remain headwinds for EMCOR.”
  • 10/26/2017 – EMCOR Group had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $88.00 price target on the stock, up previously from $75.00.
  • 10/25/2017 – EMCOR Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the past six months, EMCOR shares have been underperforming the industry average. Volatility in oil prices remains a primary challenge for EMCOR’s future growth as the company’s business is primarily downstream focused. Reduction in capital spending as a result of crude oil price volatility is adding to EMCOR’s concerns.  Also, fluctuations in the currency exchange rates and heightening political uncertainty from the Brexit are likely to impact the company’s profitability, going forward. In addition, stiff competition, as well as large number of fixed-price contracts could exert pressure on its margins. On the positive side, EMCOR’s U.S. Electrical Construction and U.S. Mechanical Construction segments are proving to be major profit churners, and the company’s enjoying broad-based organic & inorganic top-line growth.”

EMCOR Group, Inc. (EME) traded down $0.22 during mid-day trading on Monday, hitting $79.04. The stock had a trading volume of 484,100 shares, compared to its average volume of 355,930. The stock has a market cap of $4,648.64, a P/E ratio of 21.71, a P/E/G ratio of 1.39 and a beta of 1.02. EMCOR Group, Inc. has a 52-week low of $59.76 and a 52-week high of $81.77. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.27. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.93 billion. EMCOR Group had a return on equity of 13.94% and a net margin of 2.82%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. sell-side analysts expect that EMCOR Group, Inc. will post 3.79 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. EMCOR Group’s dividend payout ratio (DPR) is currently 8.94%.

In related news, Director Jerry E. Ryan sold 13,000 shares of EMCOR Group stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

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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