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

Emcor Group Inc (NYSE:EME) announced a quarterly dividend on Monday, October 7th, Zacks reports. Investors of record on Friday, October 18th will be paid a dividend of 0.08 per share by the construction company on Wednesday, October 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, October 17th.

Emcor Group has increased its dividend payment by an average of 10.1% annually over the last three years. Emcor Group has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Emcor Group to earn $5.95 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 5.4%.

Shares of NYSE:EME opened at $82.63 on Wednesday. The business has a 50-day moving average price of $85.23 and a 200 day moving average price of $82.63. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 16.83 and a beta of 1.12. Emcor Group has a 12-month low of $57.29 and a 12-month high of $89.54.

Emcor Group (NYSE:EME) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. Emcor Group had a return on equity of 17.47% and a net margin of 3.58%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the company earned $1.21 EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities research analysts predict that Emcor Group will post 5.69 earnings per share for the current fiscal year.

A number of brokerages recently commented on EME. ValuEngine cut Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Maxim Group restated a “hold” rating and set a $85.00 target price on shares of Emcor Group in a report on Tuesday, July 30th. Finally, Stifel Nicolaus raised their target price on Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.00.

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.

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Dividend History for Emcor Group (NYSE:EME)

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