FY2024 EPS Estimates for Emera Increased by Analyst

Emera Incorporated (TSE:EMA) – Equities research analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Emera in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will earn $2.85 per share for the year, up from their previous estimate 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.

Several other brokerages have also weighed in on EMA. BMO Capital Markets lifted their price objective on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Royal Bank of Canada boosted 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 report on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Finally, CIBC raised Emera from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$57.10.

Emera Stock Performance

Shares of EMA opened at C$52.96 on Wednesday. Emera has a 1 year low of C$44.13 and a 1 year high of C$56.20. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The stock’s fifty day moving average price is C$52.95 and its two-hundred day moving average price is C$50.85. The firm has a market cap of C$15.27 billion, a PE ratio of 20.61, a PEG ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was 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.