EMCOR Group (EME) to Release Quarterly Earnings on Thursday

EMCOR Group (NYSE:EME) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect EMCOR Group to post earnings of $2.92 per share for the quarter. EMCOR Group has set its FY24 guidance at $14.00-15.00 EPS and its FY 2024 guidance at 14.000-15.000 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.96. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 EPS. On average, analysts expect EMCOR Group to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

EMCOR Group Stock Performance

NYSE EME opened at $332.85 on Tuesday. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 25.01 and a beta of 1.10. The company’s 50-day simple moving average is $321.10 and its two-hundred day simple moving average is $252.39. EMCOR Group has a one year low of $155.46 and a one year high of $369.53.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.25 per share. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.30%. EMCOR Group’s dividend payout ratio (DPR) is 7.51%.

Wall Street Analyst Weigh In

A number of research firms have commented on EME. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp initiated coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at approximately $70,010,701.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.