FY2024 Earnings Estimate for Emera Incorporated (TSE:EMA) Issued By National Bank Financial

Emera Incorporated (TSE:EMA) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Emera in a report issued on Tuesday, July 2nd. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.81 for the year, down from their previous estimate of $2.88. The consensus estimate for Emera’s current full-year earnings is $3.01 per share. National Bank Financial also issued estimates for Emera’s FY2025 earnings at $3.14 EPS.

EMA has been the topic of several other research reports. CIBC dropped their price objective on Emera from C$53.00 to C$51.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Scotiabank dropped their price target on Emera from C$56.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. National Bankshares decreased their price objective on Emera from C$50.00 to C$48.00 in a report on Tuesday. TD Securities dropped their target price on shares of Emera from C$57.00 to C$54.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. Finally, Raymond James cut their target price on shares of Emera from C$55.00 to C$54.00 in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$50.78.

Emera Stock Performance

Shares of TSE:EMA opened at C$45.17 on Thursday. The firm’s 50 day simple moving average is C$47.13 and its 200-day simple moving average is C$47.90. The company has a debt-to-equity ratio of 160.58, a quick ratio of 0.23 and a current ratio of 0.73. Emera has a one year low of C$43.67 and a one year high of C$55.74. The firm has a market cap of C$12.95 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last posted its quarterly earnings results on Monday, May 13th. The company reported C$0.76 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.03). The company had revenue of C$2.02 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Emera had a return on equity of 5.71% and a net margin of 9.69%.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were issued a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend was Tuesday, April 30th. Emera’s dividend payout ratio is currently 128.70%.

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.