Emcor Group Inc (EME) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.95 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.23. Analysts had a consensus of $0.72. The company posted revenue of $1930.00 million in the period, compared to analysts expectations of $1751.33 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Emcor Group Inc. Emcor Group Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 19, 2016. Sidoti Initiated Emcor Group Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $65.Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .
Emcor Group Inc opened for trading at $53.16 and hit $56.43 on the upside on Thursday, eventually ending the session at $55.96, with a gain of 6.51% or 3.42 points. The heightened volatility saw the trading volume jump to 12,24,275 shares. Company has a market cap of $3,397 M.
In a different news, on Jun 22, 2016, Michael T Yonker (director) sold 10,833 shares at $48.62 per share price. According to the SEC, on May 3, 2016, Jerry E Ryan (director) sold 6,382 shares at $48.69 per share price. On Dec 7, 2015, R Kevin Matz (EVP – Shared Services) sold 16,149 shares at $51.85 per share price, according to the Form-4 filing with the securities and exchange commission.
EMCOR Group Inc. (EMCOR) is an electrical and mechanical construction and facilities services firm in the United States. The Company provides a number of building services and industrial services. Its services are provided to a range of commercial industrial utility and institutional customers through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation maintenance and management of facilities including refineries and petrochemical plants. The Company operates in segments: 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.