Brokers Offer Predictions for Emera Incorporated’s Q1 2024 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMA) – Research analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for Emera in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.74 for the quarter. The consensus estimate for Emera’s current full-year earnings is $3.28 per share.

A number of other research analysts also recently issued reports on EMA. JPMorgan Chase & Co. decreased their price objective on Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a report on Monday, January 22nd. CIBC decreased their price objective on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Raymond James reduced their price target on Emera from C$55.00 to C$54.00 in a research report on Thursday. Scotiabank reduced their price target on Emera from C$56.00 to C$52.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Finally, TD Securities reduced their price target on Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emera presently has a consensus rating of “Hold” and a consensus price target of C$54.50.

Emera Stock Up 0.6 %

TSE:EMA opened at C$46.43 on Friday. The company has a debt-to-equity ratio of 164.26, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of C$13.27 billion, a PE ratio of 13.01, a PEG ratio of 2.77 and a beta of 0.28. Emera has a 52-week low of C$43.67 and a 52-week high of C$59.52. The stock has a 50-day simple moving average of C$47.54 and a 200 day simple moving average of C$48.13.

Emera (TSE:EMA) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). The firm had revenue of C$1.97 billion for the quarter, compared to the consensus estimate of C$1.97 billion. Emera had a return on equity of 8.88% and a net margin of 13.80%.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.717 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 6.18%. Emera’s payout ratio is 80.39%.

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.