Emera Inc (TSE:EMA) – National Bank Financial reduced their FY2019 earnings per share estimates for shares of Emera in a note issued to investors on Sunday, November 10th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.61 per share for the year, down from their prior estimate of $2.91. National Bank Financial has a “Sector Perform” rating and a $55.00 price target on the stock. National Bank Financial also issued estimates for Emera’s FY2020 earnings at $3.04 EPS.
Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Emera from C$59.00 to C$62.00 in a report on Wednesday, August 21st. CSFB raised their target price on shares of Emera from C$50.00 to C$56.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. BMO Capital Markets raised their target price on shares of Emera from C$55.00 to C$57.00 in a report on Monday, September 9th. Wells Fargo & Co raised their target price on shares of Emera from C$59.00 to C$60.00 in a report on Tuesday, September 3rd. Finally, Raymond James restated a “market perform” rating and issued a C$56.00 target price on shares of Emera in a report on Monday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Emera currently has a consensus rating of “Hold” and a consensus price target of C$55.60.
Emera (TSE:EMA) last issued its earnings results on Monday, August 12th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.01). The firm had revenue of C$1.38 billion for the quarter, compared to analysts’ expectations of C$1.53 billion.
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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