Emcor Group misses 4Q profit forecasts

Andrew Cummings
February 25, 2017

Emcor Group Inc. reported record fourth-quarter revenues of $1.95 billion, a 9.7 percent year-over-year increase from $1.78 billion in the fourth quarter of 2015. The firm's revenue was up 9.7% compared to the same quarter a year ago. EMCOR Group has an average rating of Hold and a consensus price target of $64.60. Company insiders own 2.40% of the company's stock. The company issued revenue guidance of $7.5-7.6 billion, compared to the consensus revenue estimate of $7.76 billion. Mesirow Financial Investment Management Equity Management purchased a new stake in EMCOR Group during the second quarter worth $29,590,000.

For the year, the company reported profit of $181.9 million, or $2.97 per share. Rothschild Asset Management Inc. now owns 577,595 shares of the company's stock worth $28,452,000 after buying an additional 56,132 shares during the period. Bessemer Group Inc. raised its stake in Emcor Group by 100.1% in the second quarter.

Emcor Group shares have declined 3 percent since the beginning of the year. Pax World Management LLC increased its stake in EMCOR Group by 16.6% in the second quarter. Public Employees Retirement System of OH now owns 89,790 shares of the company's stock valued at $4,423,000 after buying an additional 845 shares during the period. The stock had a trading volume of 132,708 shares.


The stock has a market capitalization of $3.76 billion, a PE ratio of 19.87 and a beta of 0.91. The 50 day moving average of NYSE:EME is 68.89 and the 200 day moving average is 64.09.

A total of 5 analysts have released a report on EMCOR Group.

Emcor Group Inc Last issued its quarterly earnings results on Oct 27, 2016. During the same quarter in the prior year, the business earned $0.80 EPS. Following the sale, the director now directly owns 65,087 shares of the company's stock, valued at approximately $4,291,836.78.


The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 30th. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. Boston Advisors LLC's holdings in Emcor Group were worth $7,275,000 as of its most recent filing with the SEC. Based on the consensus of stock financial advisors the stock has a price target of $70. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of worldwide trademark & copyright legislation.

For the most recent quarter end, EMCOR Group, Inc. reported Annual Earnings of $0.85.

Included in operating income for the 2016 full-year period were $3.8 million of transaction expenses related to the acquisition of industrial and refinery electrical and instrumentation services company Ardent, and a $2.4 million impairment charge.


Emcor Group, based at 301 Merritt 7 in Norwalk, Conn. (center), installs and manages the mechanical systems of corporate and government facilities. The Company's segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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