Emcor Group, Inc (NYSE:EME) price on Friday, February 28, rose 1.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $408.91.
A look at the stock’s price movement, the close in the last trading session was $402.71. The PE ratio in trailing twelve months stood at 18.98. Turning to its 52-week performance, $545.29 and $289.51 were the 52-week high and 52-week low respectively. Overall, EME moved -6.94% over the past month.
Emcor Group, Inc’s market cap currently stands at around $18.59 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 0.24%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.77B for the company’s revenue for the quarter, with a low and high estimate of 3.69B and 3.84B respectively. The average forecast suggests up to a 9.92% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 16.29B, representing a 11.81% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EME is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 2.34, with EME’s current price about -5.42% and -10.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.04, while 7-day volatility ratio is 4.37% and 3.47% in the 30-day chart. Further, Emcor Group, Inc (EME) has a beta value of 1.14, and an average true range (ATR) of 17.86.
If we refocus on Emcor Group, Inc (NYSE:EME), historical trading data shows that trading volumes averaged 448.13K over the past 3 months. The company’s latest data on shares outstanding shows there are 45.81 million shares.
The 1.38% of Emcor Group, Inc’s shares are in the hands of company insiders while institutional holders own 93.75% of the company’s shares. Current price change has pushed the stock -9.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EME stock continues to rise going into the next quarter.
