Emcor Group Inc (NYSE:EME) declared a quarterly dividend on Monday, July 9th, RTT News reports. Stockholders of record on Friday, July 20th will be given a dividend of 0.08 per share by the construction company on Tuesday, July 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%.
Emcor Group has a dividend payout ratio of 8.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Emcor Group to earn $4.91 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 6.5%.
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Shares of Emcor Group traded up $1.00, reaching $78.69, on Monday, Marketbeat Ratings reports. 853 shares of the company were exchanged, compared to its average volume of 217,180. The stock has a market capitalization of $4.54 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.43 and a quick ratio of 1.41. Emcor Group has a one year low of $62.15 and a one year high of $85.08.
Emcor Group (NYSE:EME) last released its quarterly earnings data on Thursday, April 26th. The construction company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.09. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Emcor Group had a net margin of 2.99% and a return on equity of 14.89%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. analysts anticipate that Emcor Group will post 4.49 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of Emcor Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $86.00.
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 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.