National Bank Financial Weighs in on Emera FY2024 Earnings

Emera Incorporated (TSE:EMA) – Stock analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Emera in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.85 for the year, up from their previous forecast of $2.83. The consensus estimate for Emera’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Emera’s FY2025 earnings at $3.37 EPS and FY2028 earnings at $4.08 EPS.

EMA has been the subject of several other reports. JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$51.00 to C$56.00 in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets boosted their price target on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emera currently has an average rating of “Moderate Buy” and a consensus target price of C$57.10.

Emera Stock Performance

TSE:EMA opened at C$53.43 on Wednesday. The stock’s 50-day moving average price is C$52.95. Emera has a 52-week low of C$44.13 and a 52-week high of C$56.20. The company has a market capitalization of C$15.41 billion, a P/E ratio of 20.79, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.43%. Emera’s dividend payout ratio (DPR) is presently 112.84%.

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.