Emcor Group Inc (NYSE:EME) Announces $0.08 Quarterly Dividend

Emcor Group Inc (NYSE:EME) announced a quarterly dividend on Monday, July 8th, RTT News reports. Stockholders of record on Friday, July 19th will be given a dividend of 0.08 per share by the construction company on Tuesday, July 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Thursday, July 18th.

Emcor Group has raised its dividend payment by an average of 10.1% annually over the last three years. Emcor Group has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Emcor Group to earn $5.79 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.5%.

NYSE EME opened at $87.88 on Wednesday. Emcor Group has a 52-week low of $57.29 and a 52-week high of $89.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.36. The company has a market cap of $4.92 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.07 and a beta of 1.19. The stock’s fifty day moving average is $85.11.

Emcor Group (NYSE:EME) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.23. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts predict that Emcor Group will post 5.45 earnings per share for the current fiscal year.

In other Emcor Group news, CFO Mark A. Pompa sold 8,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Anthony Guzzi sold 12,314 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $78.07, for a total transaction of $961,353.98. Following the transaction, the chairman now owns 394,190 shares of the company’s stock, valued at approximately $30,774,413.30. The disclosure for this sale can be found here. Insiders have sold 32,314 shares of company stock worth $2,621,354 in the last three months. 1.90% of the stock is currently owned by insiders.

A number of brokerages recently commented on EME. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Maxim Group set a $73.00 target price on shares of Emcor Group and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, ValuEngine cut shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.

Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

Further Reading: Death Cross

Dividend History for Emcor Group (NYSE:EME)

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