Equities Analysts Offer Predictions for Emera Q4 Earnings

Emera Incorporated (TSE:EMA) – National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Emera in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects 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.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.81 EPS for the quarter, topping analysts’ consensus estimates of C$0.77 by C$0.04. Emera had a net margin of 10.83% and a return on equity of 6.60%.

Several other research firms have also issued reports on EMA. National Bankshares increased their target price on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. BMO Capital Markets increased their price target on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Finally, Scotiabank lifted their price target on shares of Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and an average target price of C$57.10.

Emera Stock Up 1.2 %

EMA stock opened at C$55.17 on Thursday. Emera has a one year low of C$44.13 and a one year high of C$56.20. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm’s fifty day moving average is C$53.79 and its 200 day moving average is C$51.74. The firm has a market cap of C$15.91 billion, a PE ratio of 21.47, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.725 per share. The ex-dividend date is Friday, January 31st. This represents a $2.90 annualized dividend and a yield of 5.26%. 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.