Emcor Group (EME) Given Media Sentiment Rating of 0.06

Media stories about Emcor Group (NYSE:EME) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Emcor Group earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.3044455530118 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Emcor Group (NYSE EME) traded up $0.15 during trading on Wednesday, reaching $82.69. 403,460 shares of the company’s stock traded hands, compared to its average volume of 358,191. 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 has a 12-month low of $59.76 and a 12-month high of $85.08. The company has a market capitalization of $4,948.59, a PE ratio of 23.10, a PEG ratio of 1.39 and a beta of 1.02.

Emcor Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share 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 analysts’ expectations of $1.93 billion. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. Emcor Group’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. equities research analysts anticipate that Emcor Group will post 3.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. Emcor Group’s dividend payout ratio is currently 8.94%.

Emcor Group declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 price target (up from $75.00) on shares of Emcor Group in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. Finally, ValuEngine cut shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $88.50.

In related news, Director William P. Reid sold 4,647 shares of Emcor Group stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerry E. Ryan sold 13,000 shares of Emcor Group 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 disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Emcor Group (NYSE:EME)

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