National Bank Financial Weighs in on Emera Incorporated’s FY2023 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMAGet Rating) – Research analysts at National Bank Financial boosted their FY2023 earnings estimates for Emera in a research report issued to clients and investors on Monday, November 14th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $3.40 per share for the year, up from their previous estimate of $3.35. The consensus estimate for Emera’s current full-year earnings is $3.25 per share.

EMA has been the subject of several other research reports. Scotiabank lowered their price target on shares of Emera from C$69.00 to C$59.00 in a research report on Thursday, October 20th. UBS Group lowered their price target on shares of Emera from C$67.00 to C$62.00 in a research report on Tuesday. National Bankshares lowered their price target on shares of Emera from C$60.00 to C$51.00 in a research report on Tuesday, October 25th. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and upped their price objective for the stock from C$65.00 to C$68.99 in a report on Tuesday, August 16th. Finally, CIBC reduced their price objective on shares of Emera from C$55.00 to C$54.00 and set a “neutral” rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Emera currently has an average rating of “Moderate Buy” and a consensus target price of C$59.50.

Emera Stock Up 2.3 %

Emera stock opened at C$51.62 on Wednesday. The company has a 50-day simple moving average of C$54.69 and a 200-day simple moving average of C$59.00. The firm has a market capitalization of C$13.72 billion and a P/E ratio of 24.70. The company has a debt-to-equity ratio of 161.79, a quick ratio of 0.25 and a current ratio of 0.67. Emera has a one year low of C$48.63 and a one year high of C$65.23.

Emera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.35%. This is an increase from Emera’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, October 31st. Emera’s dividend payout ratio is presently 125.60%.

Emera Company Profile

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Emera Incorporated, an energy and services company, 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.

Further Reading

Earnings History and Estimates for Emera (TSE:EMA)

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