Emera Inc (TSE:EMA) – Raymond James boosted their FY2019 earnings per share estimates for Emera in a report issued on Monday, May 13th. Raymond James analyst D. Quezada now expects that the company will post earnings of $2.89 per share for the year, up from their prior forecast of $2.85. Raymond James currently has a “Market Perform” rating and a $50.00 target price on the stock.
EMA has been the subject of a number of other research reports. TD Securities lifted their price target on Emera from C$48.00 to C$50.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. National Bank Financial lifted their price target on Emera from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 20th. BMO Capital Markets lifted their price target on Emera from C$48.00 to C$51.00 in a research note on Tuesday, March 26th. UBS Group lifted their price target on Emera from C$52.00 to C$55.00 in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on Emera from C$43.00 to C$45.00 in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$51.40.
Emera (TSE:EMA) last issued its earnings results on Friday, May 10th. The company reported C$0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.84 by C$0.11. The firm had revenue of C$1.82 billion during the quarter, compared to analyst estimates of C$1.77 billion.
Emera Company Profile
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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