Emcor (EME) Given Consensus Rating of “Hold” by Analysts

Shares of Emcor (NYSE:EME) have been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $86.00.

A number of equities research analysts recently commented on EME shares. Zacks Investment Research downgraded Emcor from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Emcor in a report on Tuesday, February 27th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Emcor in a report on Friday, February 23rd.

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Emcor stock opened at $81.35 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.36. Emcor has a 52 week low of $61.65 and a 52 week high of $85.08. The stock has a market cap of $4,714.81, a P/E ratio of 20.04, a PEG ratio of 1.20 and a beta of 0.92.

Emcor (NYSE:EME) last released its earnings results on Thursday, February 22nd. The construction company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.27. Emcor had a return on equity of 15.10% and a net margin of 2.96%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. equities analysts anticipate that Emcor will post 4.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, April 13th. Emcor’s dividend payout ratio is currently 7.88%.

A number of hedge funds have recently made changes to their positions in EME. Cubist Systematic Strategies LLC raised its position in Emcor by 234.3% during the third quarter. Cubist Systematic Strategies LLC now owns 15,145 shares of the construction company’s stock valued at $1,051,000 after acquiring an additional 10,615 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Emcor by 12.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,202 shares of the construction company’s stock valued at $777,000 after acquiring an additional 1,276 shares in the last quarter. California Public Employees Retirement System raised its position in Emcor by 1.6% during the third quarter. California Public Employees Retirement System now owns 126,868 shares of the construction company’s stock valued at $8,802,000 after acquiring an additional 1,968 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Emcor by 53.1% during the third quarter. Public Employees Retirement System of Ohio now owns 170,281 shares of the construction company’s stock valued at $11,814,000 after acquiring an additional 59,092 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Emcor by 6.5% during the third quarter. Parametric Portfolio Associates LLC now owns 217,580 shares of the construction company’s stock valued at $15,096,000 after acquiring an additional 13,353 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

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Emcor Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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