Revenue Update on Emcor Group Inc(NYSE:EME)

Emcor Group Inc(NYSE:EME) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.93B. Analysts estimated a revenue of $1.75B. Earnings per share were $0.95. Analysts had estimated an EPS of $0.71.

In a different note, On Jul 19, 2016, KeyBanc said it Downgrades its rating on Emcor Group Inc. The shares have been rated ‘Sector Weight’ by the firm.

Emcor Group Inc (EME) shares turned negative on Thursdays trading session with the shares closing down -0.55 points or -0.98% at a volume of 2,56,317. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.86. The peak price level was also seen at $55.86 while the days lowest was $55.13. Finally the shares closed at $55.32. The 52-week high of the shares is $56.865 while the 52-week low is $40.9803. According to the latest information available, the market cap of the company is $3,363 M.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Michael T Yonker (director) sold 10,833 shares at $48.62 per share price.Also, 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.

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