Will stock surge before Earnings results? EMCOR Group (NYSE:EME)

Earnings results for EMCOR Group (NYSE:EME)

EMCOR Group, Inc. is expected* to report earnings on 04/29/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.17. The reported EPS for the same quarter last year was $1.35.

EMCOR Group last announced its earnings data on February 25th, 2021. The construction company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.43. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Its revenue for the quarter was down 5.1% compared to the same quarter last year. EMCOR Group has generated $5.75 earnings per share over the last year and currently has a price-to-earnings ratio of 48.6. EMCOR Group has confirmed that its next quarterly earnings report will be published on Thursday, April 29th, 2021.

Analyst Opinion on EMCOR Group (NYSE:EME)

2 Wall Street analysts have issued ratings and price targets for EMCOR Group in the last 12 months. Their average twelve-month price target is $96.00, predicting that the stock has a possible downside of 20.38%. The high price target for EME is $102.00 and the low price target for EME is $90.00. There are currently 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”

EMCOR Group has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $96.00, EMCOR Group has a forecasted downside of 20.4% from its current price of $120.57. EMCOR Group has received no research coverage in the past 90 days.

Dividend Strength: EMCOR Group (NYSE:EME)

EMCOR Group has a dividend yield of 0.43%, which is in the bottom 25% of all stocks that pay dividends. EMCOR Group has only been increasing its dividend for 1 years. The dividend payout ratio of EMCOR Group is 9.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EMCOR Group will have a dividend payout ratio of 8.83% next year. This indicates that EMCOR Group will be able to sustain or increase its dividend.

Insiders buying/selling: EMCOR Group (NYSE:EME)

In the past three months, EMCOR Group insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,082,560.00 in company stock. Only 1.90% of the stock of EMCOR Group is held by insiders. 93.31% of the stock of EMCOR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of EMCOR Group (NYSE:EME

Earnings for EMCOR Group are expected to decrease by -1.34% in the coming year, from $5.97 to $5.89 per share. The P/E ratio of EMCOR Group is 48.62, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.88. The P/E ratio of EMCOR Group is 48.62, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 32.21. EMCOR Group has a P/B Ratio of 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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