National Bank Financial Forecasts Emera FY2024 Earnings

Emera Incorporated (TSE:EMA) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Emera in a report released on Wednesday, December 4th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.83 per share for the year, up from their prior forecast of $2.81. 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 $3.28 EPS.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets raised their price target on Emera from C$54.00 to C$58.00 in a report on Thursday. Royal Bank of Canada lifted their target price on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$54.00 to C$58.00 in a report on Monday, December 2nd. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Raymond James upped their target price on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$55.80.

Emera Stock Performance

Shares of TSE EMA opened at C$55.88 on Friday. 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 company has a market capitalization of C$16.12 billion, a P/E ratio of 21.74, a P/E/G 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$56.07. The stock has a 50 day moving average of C$52.27 and a 200-day moving average of C$49.87.

Emera Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Friday, November 1st. Emera’s dividend payout ratio is currently 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.