Research Analysts Issue Forecasts for Emera Q3 Earnings

Emera Incorporated (TSE:EMA - Free Report) - Research analysts at National Bank Financial issued their Q3 2024 earnings estimates for Emera in a research report issued to clients and investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $0.77 for the quarter. The consensus estimate for Emera's current full-year earnings is $3.20 per share.

Other equities analysts also recently issued research reports about the stock. National Bankshares lifted their target price on shares of Emera from C$49.00 to C$54.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Royal Bank of Canada lifted their price target 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. Bank of America set a C$55.00 price target on shares of Emera and gave the company a "neutral" rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on shares of Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Finally, Scotiabank lifted their price target on shares of Emera from C$52.00 to C$55.00 and gave the company an "outperform" rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$52.10.

Emera Trading Down 0.9 %

Shares of EMA stock traded down C$0.49 during trading hours on Friday, hitting C$53.13. 914,938 shares of the company's stock traded hands, compared to its average volume of 1,233,177. The stock's 50 day simple moving average is C$51.70 and its 200 day simple moving average is C$48.88. The stock has a market cap of C$15.32 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 12 month low of C$44.13 and a 12 month high of C$54.19. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62.

Emera (TSE:EMA - Get Free Report) 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). The business had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 yield of 5.46%. The ex-dividend date is Friday, November 1st. Emera's dividend payout ratio (DPR) is presently 112.84%.

About Emera

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.