Emera Incorporated (TSE:EMA - Free Report) - Equities researchers at National Bank Financial lifted their FY2024 earnings estimates for Emera in a research report issued to clients and investors 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.
A number of other equities research analysts have also commented on the company. National Bankshares increased their price target on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Cibc World Mkts raised Emera from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. BMO Capital Markets lifted their target price on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Royal Bank of Canada boosted their target price on shares of Emera from C$57.00 to C$60.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, Scotiabank upped their price objective on Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$57.10.
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Emera Price Performance
Shares of TSE:EMA traded down C$0.25 during midday trading on Wednesday, hitting C$53.18. 1,403,756 shares of the company's stock were exchanged, compared to its average volume of 1,287,933. Emera has a 12 month low of C$44.13 and a 12 month high of C$56.20. The stock has a market cap of C$15.34 billion, a P/E ratio of 20.69, a PEG 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. The business's 50 day moving average price is C$52.95.
Emera Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Friday, November 1st. Emera's dividend payout ratio (DPR) is presently 112.84%.
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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