Analysts Issue Forecasts for Emera’s Q4 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMA) – Research analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for shares of Emera in a note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will earn $0.77 per share for the quarter. The consensus estimate for Emera’s current full-year earnings is $3.20 per share.

Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. raised Emera from an “underperform” rating to a “neutral” rating and upped their price target for the company from C$51.00 to C$56.00 in a report on Thursday, December 12th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$54.00 to C$58.00 in a report on Monday, December 2nd. Royal Bank of Canada upped 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. Bank of America raised Emera from a “neutral” rating to a “buy” rating and upped their price target for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Finally, Scotiabank upped their price target on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emera has a consensus rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Price Performance

Shares of TSE:EMA opened at C$54.53 on Thursday. The business has a 50 day moving average price of C$53.72 and a 200 day moving average price of C$51.72. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The company has a market cap of C$15.73 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 6.20 and a beta of 0.35. Emera has a twelve month low of C$44.13 and a twelve month high of C$56.20.

Emera (TSE:EMA) last announced its earnings results on Friday, November 8th. The company reported C$0.81 earnings per share for the quarter, beating the consensus estimate of C$0.77 by C$0.04. Emera had a return on equity of 6.60% and a net margin of 10.83%.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.725 per share. The ex-dividend date is Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 5.32%. Emera’s dividend payout ratio is 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.