Emera Incorporated (TSE:EMA) Receives Consensus Rating of "Hold" from Analysts

Emera Incorporated (TSE:EMA - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$52.10.

A number of equities analysts have weighed in on the company. National Bankshares boosted their price target on Emera from C$49.00 to C$54.00 and gave the stock a "sector perform" rating in a research report on Friday, August 23rd. Raymond James raised their price target on Emera from C$54.00 to C$57.00 and gave the company an "outperform" rating in a report on Monday, August 12th. CIBC decreased their price objective on shares of Emera from C$51.00 to C$50.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Scotiabank lifted their target price on shares of Emera from C$52.00 to C$55.00 and gave the stock an "outperform" rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their price target on shares of Emera from C$57.00 to C$60.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd.

Emera Stock Performance

The firm has a market capitalization of C$15.45 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 1-year low of C$43.67 and a 1-year high of C$53.95. The stock's 50 day simple moving average is C$51.43 and its two-hundred day simple moving average is C$48.74. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23.

Emera (TSE:EMA - Get Free Report) last released its 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 company had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion. Emera had a return on equity of 6.60% and a net margin of 10.83%. As a group, research analysts predict that Emera will post 3.1991627 earnings per share for the current fiscal year.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of ∞. The ex-dividend date is Friday, November 1st. 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.