National Bank Financial Predicts Emera Q4 Earnings

Emera Incorporated (TSE:EMA) – Analysts at National Bank Financial issued their Q4 2024 earnings estimates for Emera in a note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.77 per share for the quarter. The consensus estimate for Emera’s current full-year earnings is $3.20 per share.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised Emera from an “underperform” rating to a “neutral” rating and raised their price objective for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Scotiabank raised their price target on shares of Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and raised their target price for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. Finally, BMO Capital Markets upped their price target on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$57.10.

Emera Trading Up 1.2 %

Shares of TSE:EMA opened at C$55.17 on Thursday. The company has a market capitalization of C$15.91 billion, a PE ratio of 21.47, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. Emera has a 12-month low of C$44.13 and a 12-month high of C$56.20. The business’s fifty day simple moving average is C$53.79 and its 200-day simple moving average is C$51.74.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.77 by C$0.04. Emera had a net margin of 10.83% and a return on equity of 6.60%.

Emera Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be given a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Friday, January 31st. Emera’s payout ratio is 112.84%.

About Emera

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.