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Thursday, March 23, 2023

Analysts Have Given The Stocks Of EME A Rating Of ‘Buy’

The stocks of the EME have been given an average recommendation of buy by seven brokerage firms that have been working on the company. According to reports, one of the research analysts has also provided the stock with a rating of sell, while two of them have given it a rating of hold. Two investment analysts have provided it with a rating of buy, while one of them has given it a strong buy. The price objective of the firm over a course of a year is $73.

The Quarterly Earnings of EME

The stocks of EME have been the subject of quite a few research reports. TheStreet has already upgraded the shares from a rating of c+ to a rating of b- in a research note that was dated the 3rd of November. DA Davidson has also increased the price objective of the firm from a sum of $80 to a sum of $90- while giving the stocks a rating of ‘neutral’. BidaskClub has also increased the rating of the company from ‘hold’ to ‘buy’ in yet another research report. 

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The stocks of EME did open at $92.06 last Tuesday. The year low of the company has been $41.85, while the year high has been somewhere in the range of $93.65. The quick ratio of the company is 1.44, with the debt-to-equity ratio fixed at 0.14. The moving average price of the company over a period of 50-days is $86.75, while the 200-day moving average price has been set at $73.20. The market cap of the firm is $5.06 billion, with a beta of 1.19, and a PE ratio of 37.12. 

The company released its quarterly earnings results on the 29th of October. The EPS reported by the firm was $1.76 which was comprehensively more than the consensus estimate fixed by Zacks at $1.28. The company also had a return on its equity fixed at 16.86%, with a net margin fixed at 1.57%. The revenue of the firm was $2.20 billion for the quarter, which was more than the analyst expectations. The previous year saw the stocks of EME report an EPS of $1.45. 

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