Brokers Offer Predictions for Emera’s Q3 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMA) – Investment analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Emera in a note issued to investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings of $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 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The company had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.67 billion. Emera had a return on equity of 6.60% and a net margin of 10.83%.

Several other analysts have also issued reports on the company. Bank of America set a C$55.00 price objective on Emera and gave the stock a “neutral” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their price target on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares increased their price objective on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. CIBC reduced their target price on shares of 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. Finally, Raymond James increased their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Emera currently has a consensus rating of “Hold” and an average target price of C$52.10.

Emera Trading Down 0.5 %

Shares of TSE:EMA opened at C$53.62 on Friday. The firm has a fifty day moving average of C$51.70 and a two-hundred day moving average of C$48.88. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. Emera has a 12-month low of C$44.13 and a 12-month high of C$54.19. The firm has a market capitalization of C$15.46 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Friday, November 1st. Emera’s dividend payout ratio (DPR) is presently 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.