FY2024 EPS Estimates for Emera Incorporated (TSE:EMA) Lowered by Raymond James

Emera Incorporated (TSE:EMA - Free Report) - Analysts at Raymond James lowered their FY2024 EPS estimates for shares of Emera in a research note issued on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $2.89 for the year, down from their previous estimate of $3.17. The consensus estimate for Emera's current full-year earnings is $3.28 per share. Raymond James also issued estimates for Emera's Q1 2025 earnings at $1.01 EPS and Q4 2025 earnings at $0.84 EPS.

Emera (TSE:EMA - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.63 earnings per share for the quarter, missing analysts' consensus estimates of C$0.71 by C($0.08). The company had revenue of C$1.97 billion during the quarter, compared to analysts' expectations of C$1.97 billion. Emera had a return on equity of 8.88% and a net margin of 13.80%.

A number of other analysts have also commented on the company. Royal Bank of Canada dropped their price target on Emera from C$62.00 to C$60.00 and set an "outperform" rating for the company in a research note on Tuesday, February 27th. TD Securities decreased their price objective on Emera from C$62.00 to C$57.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th. Scotiabank decreased their price objective on Emera from C$56.00 to C$52.00 and set an "outperform" rating on the stock in a report on Monday. National Bankshares cut their target price on Emera from C$50.00 to C$49.00 in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. cut their target price on Emera from C$50.00 to C$48.00 and set an "underweight" rating on the stock in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Emera currently has a consensus rating of "Hold" and an average price target of C$54.50.

Emera Price Performance

Shares of EMA stock traded up C$0.26 during trading on Friday, hitting C$46.43. The company had a trading volume of 1,734,071 shares, compared to its average volume of 1,215,967. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 164.26. The stock's 50-day moving average is C$47.54 and its two-hundred day moving average is C$48.13. The stock has a market capitalization of C$13.27 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28. Emera has a 52 week low of C$43.67 and a 52 week high of C$59.52.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.717 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.87 annualized dividend and a dividend yield of 6.18%. Emera's dividend payout ratio is presently 80.39%.

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.