Research Analysts Set Expectations for Emera Q3 Earnings

Emera Incorporated (TSE:EMA) – Investment analysts at National Bank Financial issued their Q3 2024 EPS estimates for Emera in a research note issued to investors on Wednesday, October 23rd. 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 brokerages have also recently weighed in on EMA. Scotiabank boosted their price objective on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on shares of Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Royal Bank of Canada raised their price target on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Bank of America set a C$55.00 price objective on Emera and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, National Bankshares raised their target price on Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$52.10.

Emera Stock Down 0.9 %

EMA opened at C$53.13 on Friday. Emera has a twelve month low of C$44.13 and a twelve month high of C$54.19. 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 business has a 50 day moving average price of C$51.78 and a 200 day moving average price of C$48.92. The firm has a market cap of C$15.32 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera (TSE:EMA) last released its quarterly earnings results on Friday, August 9th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.03). Emera had a return on equity of 6.60% and a net margin of 10.83%. The company had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Friday, November 1st. Emera’s payout ratio is presently 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.