EMCOR Group (NYSE:EME – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 15.500-16.500 for the period, compared to the consensus EPS estimate of 14.490. The company issued revenue guidance of $14.0 billion-$14.5 billion, compared to the consensus revenue estimate of $13.7 billion. EMCOR Group also updated its FY24 guidance to $15.50-16.50 EPS.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on EME shares. DA Davidson reiterated a buy rating and set a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp initiated coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a sector weight rating for the company.
Get Our Latest Research Report on EME
EMCOR Group Trading Up 1.3 %
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The firm had revenue of $3.43 billion for the quarter. Equities research analysts anticipate that EMCOR Group will post 14.5 earnings per share for the current year.
EMCOR Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 7.51%.
Insiders Place Their Bets
In related news, CEO Anthony Guzzi sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.
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.
Recommended Stories
- Five stocks we like better than EMCOR Group
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- 3 Stocks Leading the U.S. Agriculture Comeback
- What is a Bond Market Holiday? How to Invest and Trade
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Using the MarketBeat Stock Split Calculator
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.