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

EMCOR Group, Inc. (NYSE:EME) declared a quarterly dividend on Friday, January 3rd,RTT News reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.25 per share by the construction company on Friday, January 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%.

EMCOR Group has increased its dividend payment by an average of 29.2% annually over the last three years. EMCOR Group has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EMCOR Group to earn $22.24 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 4.5%.

EMCOR Group Stock Up 0.4 %

Shares of NYSE:EME opened at $459.36 on Friday. EMCOR Group has a 12 month low of $210.38 and a 12 month high of $532.38. The company’s 50-day moving average price is $483.48 and its two-hundred day moving average price is $422.71. The firm has a market cap of $21.13 billion, a P/E ratio of 23.33 and a beta of 1.09.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 EPS. As a group, equities analysts predict that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EME shares. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

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.