Emera Incorporated (TSE:EMA – Get Free Report) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$54.50.
EMA has been the subject of a number of recent analyst reports. Raymond James reduced their target price on Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Emera from C$50.00 to C$48.00 and set an “underweight” rating on the stock in a research report on Monday, January 22nd. National Bankshares reduced their price target on shares of Emera from C$50.00 to C$49.00 in a research report on Tuesday, February 27th. Royal Bank of Canada decreased their price target on Emera from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Finally, CIBC dropped their price objective on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a research note on Friday, April 19th.
View Our Latest Stock Analysis on EMA
Emera Price Performance
Emera (TSE:EMA – Get Free Report) last announced its earnings results on Monday, February 26th. The company reported C$0.63 EPS for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). Emera had a net margin of 13.80% and a return on equity of 8.88%. The business had revenue of C$1.97 billion during the quarter, compared to analyst estimates of C$1.97 billion. Equities research analysts anticipate that Emera will post 3.2788927 earnings per share for the current fiscal year.
Emera Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.717 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.87 annualized dividend and a dividend yield of 6.11%. Emera’s dividend payout ratio is presently 80.39%.
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.
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