Emcor Group (NYSE:EME) Releases FY 2019 Earnings Guidance

Emcor Group (NYSE:EME) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.50-5.75 for the period, compared to the Thomson Reuters consensus estimate of $5.49. The company issued revenue guidance of $8.8-8.9 billion, compared to the consensus revenue estimate of $8.66 billion.Emcor Group also updated its FY19 guidance to $5.50-5.75 EPS.

A number of research firms have recently issued reports on EME. Zacks Investment Research upgraded shares of Emcor Group from a hold rating to a strong-buy rating and set a $97.00 price objective on the stock in a research note on Thursday, May 2nd. Stifel Nicolaus increased their price objective on shares of Emcor Group from $93.00 to $95.00 and gave the company a buy rating in a research note on Thursday. Finally, Maxim Group reiterated a hold rating and set a $85.00 price objective on shares of Emcor Group in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Emcor Group has an average rating of Buy and a consensus target price of $90.00.

Shares of NYSE EME traded down $1.85 during midday trading on Friday, reaching $81.59. 131,585 shares of the company’s stock traded hands, compared to its average volume of 280,091. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.42. The stock’s 50 day moving average is $85.65. Emcor Group has a one year low of $57.29 and a one year high of $89.54. The stock has a market cap of $4.77 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19.

Emcor Group (NYSE:EME) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.19. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Equities analysts predict that Emcor Group will post 5.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Friday, July 19th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. Emcor Group’s dividend payout ratio is presently 6.52%.

In other Emcor Group news, CFO Mark A. Pompa sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $85.00, for a total value of $1,020,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Emcor Group 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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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Earnings History and Estimates for Emcor Group (NYSE:EME)

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