Scotiabank Brokers Decrease Earnings Estimates for Emera

Emera Incorporated (TSE:EMA) – Equities researchers at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Emera in a report released on Friday, January 23rd. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $3.48 per share for the year, down from their prior forecast of $3.52. The consensus estimate for Emera’s current full-year earnings is $3.20 per share. Scotiabank also issued estimates for Emera’s FY2027 earnings at $3.57 EPS.

Other equities research analysts have also recently issued research reports about the company. National Bankshares raised their price objective on Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. CIBC boosted their price target on shares of Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. Raymond James Financial raised their price objective on shares of Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Desjardins lifted their price objective on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, BMO Capital Markets upped their target price on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$71.00.

Emera Stock Performance

Shares of TSE EMA opened at C$68.29 on Monday. Emera has a one year low of C$54.08 and a one year high of C$69.75. The firm has a market cap of C$20.61 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 6.20 and a beta of 0.59. The stock’s fifty day moving average price is C$67.30 and its two-hundred day moving average price is C$66.31. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera (TSE:EMA) last announced its earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. The company had revenue of C$2.11 billion for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.

Insider Buying and Selling at Emera

In other news, insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the sale, the insider directly owned 2,378 shares of the company’s stock, valued at C$159,326. This trade represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 20,000 shares of Emera stock in a transaction on Monday, November 17th. The stock was sold at an average price of C$68.25, for a total value of C$1,365,000.00. Following the sale, the director owned 7,733 shares in the company, valued at C$527,777.25. The trade was a 72.12% decrease in their ownership of the stock. In the last three months, insiders sold 38,000 shares of company stock worth $2,578,500. Insiders own 0.09% of the company’s stock.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.