Emcor Group (EME) Set to Announce Earnings on Wednesday
Emcor Group (NYSE:EME) is set to release its earnings data before the market opens on Wednesday, February 21st. Analysts expect Emcor Group to post earnings of $0.86 per share for the quarter.
Emcor Group (EME) opened at $75.44 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.44. Emcor Group has a one year low of $59.76 and a one year high of $85.08. The company has a market capitalization of $4,464.56, a P/E ratio of 21.07, a PEG ratio of 1.25 and a beta of 0.96.
Emcor Group declared that its Board of Directors has approved a stock buyback program on Thursday, October 26th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
Several brokerages have recently commented on EME. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 target price (up from $75.00) on shares of Emcor Group in a research note on Thursday, October 26th. Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. Finally, ValuEngine downgraded Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $88.50.
In other news, Director William P. Reid sold 4,647 shares of Emcor Group stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Emcor Group (EME) Set to Announce Earnings on Wednesday” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://theolympiareport.com/2018/02/14/emcor-group-eme-set-to-announce-earnings-on-wednesday.html.
About Emcor Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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.