Emera Incorporated (TSE:EMA – Free Report) – Stock analysts at Raymond James reduced their Q3 2024 earnings per share estimates for shares of Emera in a research note issued on Wednesday, July 24th. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.71 per share for the quarter, down from their previous estimate of $0.72. The consensus estimate for Emera’s current full-year earnings is $3.01 per share. Raymond James also issued estimates for Emera’s FY2024 earnings at $2.89 EPS.
Emera (TSE:EMA – Get Free Report) last released its quarterly earnings results on Monday, May 13th. The company reported C$0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). Emera had a net margin of 9.69% and a return on equity of 5.71%. The firm had revenue of C$2.02 billion for the quarter, compared to analyst estimates of C$2.04 billion.
Emera Price Performance
Shares of TSE:EMA opened at C$48.92 on Friday. The company has a market cap of C$14.02 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28. The company’s fifty day moving average is C$46.92 and its two-hundred day moving average is C$47.61. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 160.58. Emera has a 12-month low of C$43.67 and a 12-month high of C$55.74.
Emera Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.717 dividend. This represents a $2.87 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Thursday, August 1st. Emera’s payout ratio is presently 128.70%.
Emera Company Profile
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.
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