EMCOR Group (EME) Set to Pay Dividends on July 31, 2023: A Technical Review
EMCOR Group (EME) has announced its intention to pay dividends to its shareholders on July 31, 2023. As a strong, well-established corporation, EMCOR's regular dividend payments highlight the company's solid financial stability and its commitment to return capital to its shareholders.
The dividend to be paid is valued at $0.18 per share, identical to the previous dividend paid on April 28, 2023. The forthcoming dividend has been set with a record date of July 31, 2023, and an ex-dividend date of July 19, 2023.
Understanding these dates is crucial for investors. The ex-dividend date is typically established several business days before the record date. In this case, the ex-dividend date is July 19, 2023. Therefore, investors planning to receive this dividend must purchase the stocks before this date.
It's essential to note that any stocks purchased on or after the ex-dividend date would not be eligible for the upcoming dividend payment. Instead, the dividends from these stocks will go to the seller. The rationale behind this is that it takes a couple of days for a stock purchase to become official, a period known as the 'settlement period.' If a stock is bought on or after the ex-dividend date, the trade will not settle in time for the buyer to officially be on record as the holder of the stock on the record date, and thus, they will not receive the dividend.
The steady payment of dividends is generally a positive sign for investors. It suggests that EMCOR Group is consistently generating profits and is keen on sharing these earnings with its shareholders. The consistency in dividend payments, such as the unchanging $0.18 per share since the last dividend date, indicates a level of financial stability in EMCOR's operations.
However, it's vital for potential investors to consider other key metrics of company performance and financial health, such as earnings per share (EPS), net income, and the overall market environment..
EME in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 15, 2023
EME may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where EME's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where EME's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EME advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 281 cases where EME Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for EME moved out of overbought territory on September 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EME as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EME turned negative on August 16, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EME’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.785) is normal, around the industry mean (3.143). P/E Ratio (21.459) is within average values for comparable stocks, (33.494). EME's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.193). EME has a moderately low Dividend Yield (0.003) as compared to the industry average of (0.035). P/S Ratio (0.883) is also within normal values, averaging (2.306).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of mechanical, electrical and other maintenance services
Industry EngineeringConstruction
EME and
Correlation & Price change
A.I.dvisor indicates that over the last year, EME has been closely correlated with FIX. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if EME jumps, then FIX could also see price increases.
| Ticker / NAME | Correlation To EME | 1D Price Change % | ||
|---|---|---|---|---|
| EME | 100% | -2.81% | ||
| FIX - EME | 77% Closely correlated | -4.99% | ||
| PWR - EME | 64% Loosely correlated | -4.50% | ||
| PRIM - EME | 61% Loosely correlated | -2.57% | ||
| MYRG - EME | 60% Loosely correlated | -1.24% | ||
| APG - EME | 59% Loosely correlated | -3.40% | ||
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