Brokers Set Expectations for Emera’s Q3 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMA) – Investment analysts at National Bank Financial issued their Q3 2024 earnings estimates for Emera in a research report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will earn $0.77 per share for the quarter. The consensus estimate for Emera’s current full-year earnings is $3.20 per share.

Emera (TSE:EMA) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.03). Emera had a return on equity of 6.60% and a net margin of 10.83%. The business had revenue of C$1.62 billion during the quarter, compared to analysts’ expectations of C$1.67 billion.

A number of other equities research analysts have also weighed in on the stock. Bank of America set a C$55.00 target price on shares of Emera and gave the company a “neutral” rating in a research note on Friday, September 20th. Scotiabank increased their target price on Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. CIBC cut their price target on Emera from C$51.00 to C$50.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Raymond James increased their price objective on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, National Bankshares upped their target price on shares of Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$52.10.

Emera Stock Performance

Shares of EMA stock opened at C$53.13 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The company has a 50 day moving average price of C$51.78 and a 200-day moving average price of C$48.93. Emera has a 52 week low of C$44.13 and a 52 week high of C$54.19. The firm has a market capitalization of C$15.32 billion, a PE ratio of 20.67, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, November 1st. Emera’s dividend payout ratio (DPR) is 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.