Scotiabank Has Optimistic Outlook of Emera FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Emera to $3.71 (from $3.64), well above the Street consensus of $3.20, and forecasts FY2027 EPS of $3.56.
• Several analysts have recently boosted price targets, leaving Emera with a consensus rating of Moderate Buy and an average target price of C$73.43.
• Emera announced a quarterly dividend of $0.7325 (annualized $2.93), implying a 4.1% yield, though its dividend payout ratio is relatively high at 86%.

Emera Incorporated (TSE:EMA - Free Report) - Research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of Emera in a note issued to investors on Friday, May 1st. Scotiabank analyst A. Weisel now expects that the company will earn $3.71 per share for the year, up from their previous estimate of $3.64. The consensus estimate for Emera's current full-year earnings is $3.20 per share. Scotiabank also issued estimates for Emera's FY2027 earnings at $3.56 EPS.

Other research analysts have also issued reports about the company. National Bank Financial boosted their price target on Emera from C$67.00 to C$68.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 24th. TD Securities boosted their price target on Emera from C$74.00 to C$75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Bank of America boosted their price target on Emera from C$73.00 to C$74.00 in a research report on Wednesday, April 8th. Raymond James Financial boosted their price target on Emera from C$74.50 to C$75.25 and gave the stock an "outperform" rating in a research report on Tuesday, April 28th. Finally, Desjardins boosted their price target on Emera from C$69.00 to C$70.00 and gave the stock a "hold" rating in a research report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Emera currently has a consensus rating of "Moderate Buy" and an average target price of C$73.43.

Emera Trading Down 0.5%

EMA opened at C$72.10 on Monday. The firm has a market cap of C$22.05 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 6.20 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.23 and a debt-to-equity ratio of 161.69. Emera has a 12 month low of C$59.02 and a 12 month high of C$74.80. The stock has a fifty day moving average price of C$71.69 and a 200-day moving average price of C$69.07.

Emera (TSE:EMA - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported C$0.55 EPS for the quarter. The firm had revenue of C$2.01 billion during the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%.

Emera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, May 1st. Emera's dividend payout ratio is currently 86.02%.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.

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