National Bank Financial Weighs in on Emera FY2024 Earnings

Emera Incorporated (TSE:EMA) – Investment analysts at National Bank Financial lifted their FY2024 earnings per share estimates for Emera in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.85 for the year, up from their prior 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.

A number of other research analysts have also commented on EMA. National Bankshares raised their price objective on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company lifted their target price on Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. Scotiabank raised their price objective on shares of Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th. Finally, CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Three equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$57.10.

Emera Stock Down 0.5 %

Emera stock opened at C$53.18 on Wednesday. Emera has a 52 week low of C$44.13 and a 52 week high of C$56.20. The stock has a market cap of C$15.34 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 6.20 and a beta of 0.35. The company’s 50-day moving average price is C$52.95 and its two-hundred day moving average price is C$50.84. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 annualized dividend and a yield of 5.45%. Emera’s dividend payout ratio is presently 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.