EMCOR Group, Inc. (EME) to Issue Quarterly Dividend of $0.40 on January 30th

EMCOR Group, Inc. (NYSE:EME) declared a quarterly dividend on Friday, January 2nd. Stockholders of record on Wednesday, January 14th will be paid a dividend of 0.40 per share by the construction company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, January 14th. This is a 60.0% increase from EMCOR Group’s previous quarterly dividend of $0.25.

EMCOR Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 5 years. EMCOR Group has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. 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 $1.60 annual dividend with an expected future payout ratio of 7.2%.

EMCOR Group Stock Up 2.9%

Shares of EME stock opened at $646.80 on Monday. The business’s 50 day moving average is $625.76 and its two-hundred day moving average is $624.97. EMCOR Group has a 12 month low of $320.89 and a 12 month high of $778.64. The company has a market cap of $28.96 billion, a PE ratio of 26.01 and a beta of 1.17.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the business posted $5.80 earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities analysts expect that EMCOR Group will post 20.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on EME shares. Robert W. Baird set a $713.00 target price on EMCOR Group in a report on Friday, October 31st. DA Davidson upped their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.