National Bank Financial Boosts Earnings Estimates for Emera

Emera Incorporated (TSE:EMA) – Stock analysts at National Bank Financial lifted their FY2024 earnings estimates for Emera in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.85 per share for the year, up from their prior estimate of $2.83. The consensus estimate for Emera’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Emera’s FY2025 earnings at $3.37 EPS and FY2028 earnings at $4.08 EPS.

Several other equities research analysts have also weighed in on EMA. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from C$51.00 to C$56.00 in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. National Bankshares upped their price target on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$57.10.

Emera Price Performance

Shares of TSE:EMA opened at C$53.43 on Wednesday. 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 firm has a market capitalization of C$15.41 billion, a PE ratio of 20.79, a P/E/G ratio of 6.20 and a beta of 0.35. The business has a 50-day moving average of C$52.95. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$56.20.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Friday, November 1st. Emera’s payout ratio is currently 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.