National Bank Financial Equities Analysts Lower Earnings Estimates for Emera Incorporated (TSE:EMA)

Emera Incorporated (TSE:EMAFree Report) – Investment analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Emera in a research report issued on Wednesday, May 29th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.88 per share for the year, down from their previous forecast of $2.98. The consensus estimate for Emera’s current full-year earnings is $3.01 per share. National Bank Financial also issued estimates for Emera’s FY2025 earnings at $3.28 EPS.

A number of other brokerages have also weighed in on EMA. TD Securities cut their price objective on Emera from C$57.00 to C$54.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. Wells Fargo & Company increased their price objective on Emera from C$49.00 to C$53.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. National Bankshares increased their price objective on Emera from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a report on Thursday. Royal Bank of Canada cut their price objective on Emera from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, Raymond James cut their price objective on Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Emera presently has an average rating of “Hold” and a consensus target price of C$51.80.

Read Our Latest Stock Analysis on EMA

Emera Trading Up 1.4 %

Shares of TSE:EMA opened at C$47.46 on Friday. The business’s 50-day moving average is C$47.63 and its 200 day moving average is C$48.35. Emera has a 1 year low of C$43.67 and a 1 year high of C$56.80. The firm has a market capitalization of C$13.60 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.77 and a beta of 0.28. The company has a debt-to-equity ratio of 160.58, a current ratio of 0.73 and a quick ratio of 0.23.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.717 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 6.04%. Emera’s payout ratio is 128.70%.

About Emera

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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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Earnings History and Estimates for Emera (TSE:EMA)

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