EMCOR Group, Inc. (NYSE:EME) to Issue Quarterly Dividend of $0.25

EMCOR Group, Inc. (NYSE:EME) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Investors 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 yield of 0.21%.

EMCOR Group has raised its dividend by an average of 29.2% per year over the last three years. EMCOR Group has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 3.5 %

NYSE:EME opened at $473.65 on Friday. EMCOR Group has a twelve month low of $210.38 and a twelve month high of $532.38. The company has a market cap of $21.79 billion, a P/E ratio of 24.06 and a beta of 1.12. The business has a 50 day moving average price of $484.39 and a two-hundred day moving average price of $423.34.

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. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.61 EPS. As a group, analysts anticipate that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.