Emcor Group, Inc (EME): Major Improvements, Need To Be Considered

Emcor Group, Inc (NYSE:EME) concluded the trading at $465.82 on current market day with a rise of 0.33% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $464.30 and 5Y monthly beta was reading 1.069 with its price kept floating in the range of $454.74 and $470.95 on the day. Company’s P/E ratio for the trailing 12 months is 23.66. Considering stock’s 52-week price range provides that EME hit a high price of $532.38 and saw its price falling to a low level of $209.31 during that period. Over a period of past 1-month, stock came subtracting -9.69% in its value.

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With its current market valuation of $21.43 billion, Emcor Group, Inc is set to declare its quarterly results in January. EME Stock’s Forward Dividend of 0.93 and its yield of 0.20% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 5.83 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 21.02 for current year with estimates of that growing to 22.76 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 3.82B. They suggested that in the process company could generate revenue of as low as 3.77B which could climb up to 3.87B to hit a high. The average estimate is representing an increase of 10.97% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 14.61B in current fiscal year, which will be 16.13% more from revenue generated by the company last year.

In contrast, when we review EME stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the EME stock which is currently positioned at 23.66. It further provides that stock’s current price level is -5.42% away from its 20-day simple moving average and is -3.05% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 38.35 while volatility remained at 3.19% over the past week which changes to 2.87% when measuring it over the past month. Beta is valued at 1.12, while measure of average true range or ATR is currently at 13.94.

Having a second look at Emcor Group, Inc (NYSE:EME) provides that stock’s average daily trading volume for 3 months was 385.63K, while it jumped to 431960 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 46.00 million.

The percentage of outstanding shares held by the insiders is 1.35% while it is 93.78% for the institutional holders. The figures also indicate that as of 2024-11-29, number of stock’s short shares was 0.43 million which implies a short ratio of 0.89. This shows down a 122.00 of Short Interest in company’s outstanding shares on the day. In November the standing of shares short improved as it was 0.7 million in the previous month. Addition of 116.23% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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