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 given a dividend of 0.25 per share by the construction company on Friday, January 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Thursday, January 16th.

EMCOR Group has raised its dividend by an average of 29.2% annually over the last three years. EMCOR Group has a dividend payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 3.5 %

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

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business earned $3.61 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities research analysts predict that EMCOR Group will post 20.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EME. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.