Emera FY2024 EPS Forecast Raised by National Bank Financial

Emera Incorporated (TSE:EMA) – Stock analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Emera in a research report issued on Wednesday, December 4th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.83 per share for the year, up from their previous forecast of $2.81. 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 $3.28 EPS.

A number of other research firms have also recently issued reports on EMA. Royal Bank of Canada lifted their price target on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. National Bankshares upped their price target on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday. BMO Capital Markets raised their price target on shares of Emera from C$54.00 to C$58.00 in a research note on Thursday. Finally, Bank of America raised Emera from a “neutral” rating to a “buy” rating and increased their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$55.80.

Emera Stock Up 0.4 %

Shares of EMA opened at C$55.88 on Friday. The firm has a market cap of C$16.12 billion, a P/E ratio of 21.74, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 12 month low of C$44.13 and a 12 month high of C$56.07. The stock’s 50 day moving average is C$52.27 and its two-hundred day moving average is C$49.87. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Friday, November 1st. Emera’s payout ratio is currently 112.84%.

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.