Last Updated: 12 Nov 2024
Executive Summary
EMCOR Group Inc. (EME) is a leading provider of electrical and mechanical installation and construction services in the United States. The company has a strong financial position, with a market capitalization of $23.94 billion and EBITDA of $1.38 billion. EMCOR's earnings per share (EPS) for the latest quarter were $19.69, and the company has a trailing price-to-earnings (PE) ratio of 26.43. Analysts have a strong buy rating on the stock, with a target price of $520.
Company Overview
EMCOR Group Inc. was founded in 1969 and is headquartered in Norwalk, Connecticut. The company provides a wide range of electrical and mechanical services, including:
Electrical installation and maintenance
Mechanical installation and maintenance
Fire protection systems
Security systems
HVAC systems
Plumbing systems
EMCOR serves a variety of customers, including commercial, industrial, institutional, and government clients. The company has a strong track record of growth, and has expanded its operations through both organic growth and acquisitions.
Fundamental Analysis
EMCOR Group Inc. has a strong financial position. The company has a healthy balance sheet, with total assets of $14.24 billion and total liabilities of $7.86 billion. EMCOR also has a strong cash flow, with operating cash flow of $1.09 billion for the latest quarter.
EMCOR's profitability metrics are also strong. The company has a gross profit margin of 11.3%, an operating margin of 9.8%, and a net income margin of 6.5%. EMCOR's return on assets (ROA) is 11.5%, and its return on equity (ROE) is 36.8%.
EMCOR's earnings per share (EPS) have grown steadily in recent years. The company's EPS for the latest quarter was $19.69, up from $18.06 in the same quarter last year. EMCOR's EPS is expected to continue to grow in the future, with analysts forecasting EPS of $21.00 for the next fiscal year.
Technical Analysis
EMCOR Group Inc.'s stock price has been trending higher in recent months. The stock is currently trading at $520.44, which is above its 50-day moving average of $429.47 and its 200-day moving average of $365.74. The stock's relative strength index (RSI) is 65.5, which indicates that the stock is overbought.
Short Term Outlook
EMCOR Group Inc.'s stock price is expected to continue to trend higher in the short term. The stock is currently trading above its key moving averages, and the RSI is indicating that the stock is overbought. This suggests that there is still room for the stock to run.
Long Term Outlook
EMCOR Group Inc.'s long-term outlook is also positive. The company has a strong financial position, a solid track record of growth, and a favorable industry outlook. EMCOR is well-positioned to continue to grow its business in the future.
Analyst Recommendations
Analysts have a strong buy rating on EMCOR Group Inc.'s stock. The consensus target price for the stock is $520, which represents a potential upside of 0.07% from the current price.
