National Bank Financial Expects Increased Earnings for Emera

Emera Incorporated (TSE:EMA) – Equities research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Emera in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $2.85 per share for the year, up from their previous forecast of $2.83. The consensus estimate for Emera’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Emera’s FY2025 earnings at $3.37 EPS and FY2028 earnings at $4.08 EPS.

Other equities analysts also recently issued research reports about the stock. National Bankshares raised their target price on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Bank of America raised Emera from a “neutral” rating to a “buy” rating and raised their price objective for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. BMO Capital Markets raised their target price on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company upped their price target on Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Emera currently has a consensus rating of “Moderate Buy” and an average price target of C$57.10.

Emera Trading Down 0.5 %

TSE EMA opened at C$53.18 on Wednesday. The firm has a market capitalization of C$15.34 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a one year low of C$44.13 and a one year high of C$56.20. The company’s 50 day moving average price is C$52.95 and its 200 day moving average price is C$50.84.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.45%. Emera’s payout ratio is 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.