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HomeMarketResultsEMCOR Group, Inc. (NYSE:EME) Declares Quarterly Dividend of $0.15

EMCOR Group, Inc. (NYSE:EME) Declares Quarterly Dividend of $0.15


EMCOR Group, Inc. (NYSE:EMEGet Rating) introduced a quarterly dividend on Friday, January sixth, Zacks stories. Stockholders of file on Tuesday, January seventeenth can be paid a dividend of 0.15 per share by the development firm on Tuesday, January thirty first. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, January thirteenth.

EMCOR Group has raised its dividend cost by a mean of 19.1% per 12 months over the past three years and has raised its dividend yearly for the final 2 years. EMCOR Group has a dividend payout ratio of 5.8% that means its dividend is sufficiently lined by earnings. Equities analysis analysts count on EMCOR Group to earn $9.10 per share subsequent 12 months, which implies the corporate ought to proceed to have the ability to cowl its $0.60 annual dividend with an anticipated future payout ratio of 6.6%.

EMCOR Group Inventory Efficiency

Shares of EME stock opened at $147.64 on Friday. The inventory has a fifty day transferring common worth of $149.29 and a 200 day transferring common worth of $127.27. The inventory has a market cap of $7.04 billion, a PE ratio of 19.87 and a beta of 1.13. EMCOR Group has a 1 12 months low of $95.64 and a 1 12 months excessive of $156.67. The corporate has a debt-to-equity ratio of 0.23, a fast ratio of 1.24 and a present ratio of 1.28.

EMCOR Group (NYSE:EMEGet Rating) final launched its quarterly earnings outcomes on Thursday, October twenty seventh. The development firm reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. The enterprise had income of $2.83 billion through the quarter, in comparison with the consensus estimate of $2.71 billion. EMCOR Group had a return on fairness of 18.65% and a internet margin of three.54%. Promote-side analysts forecast that EMCOR Group will submit 7.78 earnings per share for the present fiscal 12 months.

Insider Exercise at EMCOR Group

In different EMCOR Group information, CEO Anthony Guzzi offered 7,500 shares of EMCOR Group inventory in a transaction that occurred on Monday, October seventeenth. The shares had been offered at a mean worth of $125.00, for a complete worth of $937,500.00. Following the completion of the sale, the chief government officer now immediately owns 276,427 shares of the corporate’s inventory, valued at roughly $34,553,375. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which may be accessed via this hyperlink. In different information, CEO Anthony Guzzi offered 7,500 shares of the agency’s inventory in a transaction on Monday, October seventeenth. The inventory was offered at a mean worth of $125.00, for a complete transaction of $937,500.00. Following the sale, the chief government officer now owns 276,427 shares within the firm, valued at $34,553,375. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is on the market via the SEC website. Additionally, CFO Mark A. Pompa offered 10,000 shares of the corporate’s inventory in a transaction on Thursday, October twenty seventh. The shares had been offered at a mean worth of $135.00, for a complete worth of $1,350,000.00. Following the completion of the transaction, the chief monetary officer now owns 101,143 shares of the corporate’s inventory, valued at $13,654,305. The disclosure for this sale may be discovered here. During the last 90 days, insiders have offered 35,000 shares of firm inventory valued at $4,632,950. Firm insiders personal 1.70% of the corporate’s inventory.

Institutional Buyers Weigh In On EMCOR Group

Institutional buyers have not too long ago purchased and offered shares of the inventory. Zions Bancorporation N.A. acquired a brand new place in shares of EMCOR Group within the 1st quarter valued at $26,000. Parkside Monetary Financial institution & Belief grew its place in EMCOR Group by 66.2% through the first quarter. Parkside Monetary Financial institution & Belief now owns 251 shares of the development firm’s inventory valued at $28,000 after buying an extra 100 shares through the interval. Brown Brothers Harriman & Co. acquired a brand new stake in EMCOR Group through the first quarter value about $35,000. Covestor Ltd elevated its place in EMCOR Group by 92.0% through the 1st quarter. Covestor Ltd now owns 912 shares of the development firm’s inventory value $103,000 after buying an extra 437 shares within the final quarter. Lastly, Quantbot Applied sciences LP acquired a brand new place in EMCOR Group through the first quarter valued at roughly $121,000. 93.44% of the inventory is at present owned by hedge funds and different institutional buyers.

Wall Avenue Analysts Forecast Development

A number of analysis companies have not too long ago commented on EME. StockNews.com assumed protection on shares of EMCOR Group in a analysis report on Wednesday, October twelfth. They issued a “strong-buy” score on the inventory. KeyCorp raised their worth goal on EMCOR Group from $135.00 to $160.00 and gave the inventory an “chubby” score in a analysis report on Friday, November 4th. Lastly, DA Davidson boosted their worth goal on EMCOR Group to $165.00 in a report on Tuesday, November 1st.

About EMCOR Group

(Get Rating)

EMCOR Group, Inc supplies electrical and mechanical development, and amenities providers primarily in the US and the UK. It presents design, integration, set up, starts-up, operation, and upkeep providers associated to electrical energy transmission, distribution, and era methods; vitality options; premises electrical and lighting methods; course of instrumentation within the refining, chemical processing, and meals processing industries; low-voltage methods, resembling hearth alarm, safety, and course of management methods; voice and information communications methods; roadway and transit lighting, signaling, and fiber optic strains; heating, air flow, air con, refrigeration, and geothermal options; clean-room course of air flow methods; hearth safety and suppression methods; plumbing, course of, and high-purity piping methods; controls and filtration methods; water and wastewater remedy methods; central plant heating and cooling methods; crane and rigging providers; millwright providers; and metal fabrication, erection, and welding providers.

Featured Tales

Dividend History for EMCOR Group (NYSE:EME)

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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