National Bank Financial Raises Earnings Estimates for Emera

Emera Incorporated (TSE:EMA - Free Report) - Equities research analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for Emera in a research note issued on Tuesday, April 22nd. National Bank Financial analyst P. Kenny now expects that the company will earn $3.30 per share for the year, up from their previous estimate of $3.25. The consensus estimate for Emera's current full-year earnings is $3.20 per share.

EMA has been the topic of several other reports. BMO Capital Markets raised their price objective on Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. CIBC raised their price objective on Emera from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Royal Bank of Canada raised their price objective on Emera from C$60.00 to C$63.00 in a report on Monday, February 24th. UBS Group lifted their price target on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Finally, Scotiabank upped their price objective on Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$58.64.

Emera Trading Up 1.1 %

EMA traded up C$0.69 during trading on Friday, hitting C$61.74. 249,437 shares of the stock were exchanged, compared to its average volume of 1,420,705. The firm has a 50 day simple moving average of C$59.41 and a 200 day simple moving average of C$55.55. The firm has a market cap of C$18.10 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a 1 year low of C$44.13 and a 1 year high of C$63.13. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.725 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.90 annualized dividend and a dividend yield of 4.70%. Emera's dividend payout ratio (DPR) is currently 112.40%.

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.