National Bank Financial Weighs in on Emera Incorporated’s FY2024 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMA) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of Emera in a research note issued on Tuesday, August 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.72 per share for the year, down from their previous estimate of $2.81. The consensus estimate for Emera’s current full-year earnings is $3.01 per share.

A number of other analysts also recently weighed in on the company. National Bankshares increased their price target on Emera from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Tuesday. BMO Capital Markets boosted their target price on shares of Emera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. TD Securities decreased their price target on shares of Emera from C$57.00 to C$54.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. Wells Fargo & Company upped their price target on Emera from C$49.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. Finally, Scotiabank lowered their target price on Emera from C$56.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emera has an average rating of “Hold” and a consensus target price of C$50.56.

Emera Trading Down 1.0 %

Shares of TSE:EMA traded down C$0.49 during trading on Thursday, reaching C$49.15. The stock had a trading volume of 1,442,303 shares, compared to its average volume of 1,271,068. Emera has a 52 week low of C$43.67 and a 52 week high of C$52.39. The company has a debt-to-equity ratio of 160.58, a quick ratio of 0.23 and a current ratio of 0.73. The firm’s fifty day moving average is C$47.04 and its 200 day moving average is C$47.53. The stock has a market cap of C$14.09 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last announced its earnings results on Monday, May 13th. The company reported C$0.76 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.03). Emera had a net margin of 9.69% and a return on equity of 5.71%. The company had revenue of C$2.02 billion during the quarter, compared to the consensus estimate of C$2.04 billion.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a dividend of $0.717 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Thursday, August 1st. Emera’s payout ratio is currently 128.70%.

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.