Emera (TSE:EMA) issued its quarterly earnings data on Friday. The company reported C$0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.84 by C$0.11, Morningstar.com reports. The company had revenue of C$1.82 billion for the quarter, compared to the consensus estimate of C$1.77 billion.
Shares of TSE:EMA traded down C$0.12 during trading hours on Friday, hitting C$50.32. 1,199,300 shares of the company’s stock traded hands, compared to its average volume of 788,640. Emera has a 1 year low of C$38.09 and a 1 year high of C$51.05. The firm has a market capitalization of $11.78 billion and a PE ratio of 16.55. The company has a debt-to-equity ratio of 198.58, a current ratio of 0.62 and a quick ratio of 0.38.
Several brokerages have weighed in on EMA. JPMorgan Chase & Co. boosted their price objective on Emera from C$45.00 to C$49.00 in a research note on Monday, April 15th. Raymond James reissued an “outperform” rating and set a C$50.00 price objective on shares of Emera in a research note on Tuesday, March 26th. BMO Capital Markets boosted their price objective on Emera from C$48.00 to C$51.00 in a research note on Tuesday, March 26th. National Bank Financial boosted their target price on Emera from C$50.00 to C$51.00 in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada boosted their target price on Emera from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$50.09.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.
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