EMCOR Group, Inc. (EME) to Issue Quarterly Dividend of $0.25 on October 30th

EMCOR Group, Inc. (NYSE:EME) announced a quarterly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.25 per share by the construction company on Wednesday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th.

EMCOR Group has increased its dividend payment by an average of 29.2% per year over the last three years. EMCOR Group has a payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EMCOR Group to earn $19.59 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 5.1%.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $435.14 on Friday. EMCOR Group has a 52-week low of $191.50 and a 52-week high of $443.96. The company has a market capitalization of $20.45 billion, a PE ratio of 28.70 and a beta of 1.07. The company has a fifty day moving average of $385.74 and a 200-day moving average of $373.50.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts forecast that EMCOR Group will post 19.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th.

EMCOR Group declared that its Board of Directors has initiated a share buyback program on Friday, June 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the transaction, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.26% of the company’s stock.

About EMCOR Group

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.