EMCOR Group, Inc. (EME) to Issue Quarterly Dividend of $0.25 on January 31st

EMCOR Group, Inc. (NYSE:EME) announced 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 0.21%. The ex-dividend date is Thursday, January 16th.

EMCOR Group has increased its dividend by an average of 21.4% per year over the last three years. EMCOR Group has a dividend payout ratio of 4.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.1 %

Shares of EME stock opened at $467.59 on Tuesday. The business’s 50-day moving average price is $487.81 and its 200-day moving average price is $427.86. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 23.75 and a beta of 1.12. EMCOR Group has a 12 month low of $217.08 and a 12 month high of $532.38.

EMCOR Group (NYSE:EME) last issued its quarterly 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm earned $3.61 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts predict that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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