Last Updated: 19 Sep 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 $19.07 billion, EBITDA of $1.24 billion, and EPS of $17.43. EMCOR's stock is currently trading at $408.75, near its 52-week high of $417.78. The company has a positive outlook, with analysts expecting continued growth in revenue and earnings.
Company Overview
EMCOR Group Inc. was founded in 1968 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
HVAC installation and maintenance
Plumbing installation and maintenance
Fire protection installation and maintenance
EMCOR serves a variety of customers, including commercial, industrial, and government clients. The company has a strong presence in the United States, with operations in all 50 states.
Fundamental Analysis
EMCOR Group Inc. has a strong financial position. The company has a market capitalization of $19.07 billion, EBITDA of $1.24 billion, and EPS of $17.43. The company's revenue has grown steadily in recent years, from $11.5 billion in 2019 to $13.7 billion in 2023. EMCOR's profit margin is 6.01%, and its operating margin is 9.08%. The company's return on assets is 10.8%, and its return on equity is 34%.
EMCOR Group Inc. has a strong balance sheet. The company has $1.5 billion in cash and cash equivalents, and its debt-to-equity ratio is 0.57. The company's current ratio is 1.24, and its quick ratio is 0.91.
Technical Analysis
EMCOR Group Inc.'s stock is currently trading at $408.75, near its 52-week high of $417.78. The stock has been in a strong uptrend since the beginning of 2023, and it has outperformed the S&P 500 Index. The stock's 50-day moving average is $370.42, and its 200-day moving average is $323.14. The stock's relative strength index (RSI) is 65, which indicates that the stock is overbought.
Short Term Outlook
EMCOR Group Inc.'s stock is expected to continue to perform well in the short term. The company has a strong financial position, and its revenue and earnings are expected to continue to grow. The stock is also trading near its 52-week high, which indicates that there is strong demand for the stock.
Long Term Outlook
EMCOR Group Inc.'s long-term outlook is also positive. The company is a leader in the electrical and mechanical construction industry, and it is well-positioned to benefit from the growing demand for these services. The company's strong financial position and its commitment to innovation will also help it to succeed in the long term.
Analyst Recommendations
Analysts are bullish on EMCOR Group Inc.'s stock. The consensus analyst rating is "buy," and the average analyst target price is $415.00.
