EMCOR Group, Inc. (NYSE:EME) Plans Quarterly Dividend of $0.25

EMCOR Group, Inc. (NYSE:EME) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.25 per share by the construction company on Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th.

EMCOR Group has increased its dividend payment by an average of 29.2% per year over the last three years. EMCOR Group has a payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EMCOR Group to earn $19.59 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.1%.

EMCOR Group Trading Up 1.0 %

Shares of EME stock opened at $435.14 on Friday. The firm has a fifty day simple moving average of $385.74 and a two-hundred day simple moving average of $373.50. EMCOR Group has a 12 month low of $191.50 and a 12 month high of $443.96. The firm has a market capitalization of $20.45 billion, a PE ratio of 28.70 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping the consensus estimate of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm posted $2.95 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts predict that EMCOR Group will post 19.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EME shares. DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

EMCOR Group announced that its Board of Directors has approved a stock repurchase program on Friday, June 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Company Profile

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.