Emera Incorporated (TSE:EMA) Given Average Rating of “Hold” by Analysts

Shares of Emera Incorporated (TSE:EMA) have received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$52.10.

A number of analysts have recently issued reports on EMA shares. CIBC dropped their price target on shares of Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank boosted their target price on shares of Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Finally, National Bankshares upped their price objective on Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd.

Emera Stock Performance

Shares of EMA stock opened at C$53.60 on Monday. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The company has a market capitalization of C$15.46 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a one year low of C$43.67 and a one year high of C$53.95. The company’s 50-day moving average is C$51.43 and its 200 day moving average is C$48.74.

Emera (TSE:EMA) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The firm had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%. Sell-side analysts expect that Emera will post 3.1991627 EPS for the current fiscal year.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Friday, November 1st. Emera’s dividend payout ratio (DPR) is currently 112.84%.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.