Equities Analysts Issue Forecasts for Emera’s FY2018 Earnings (EMA)

Emera (TSE:EMA) – Research analysts at National Bank Financial upped their FY2018 earnings estimates for shares of Emera in a research report issued on Monday, May 14th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $3.05 per share for the year, up from their prior estimate of $2.87. National Bank Financial currently has a “Sector Perform” rating and a $43.00 target price on the stock.

Several other analysts have also issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research note on Tuesday, February 13th. BMO Capital Markets reduced their target price on shares of Emera from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Scotiabank reduced their target price on shares of Emera from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 13th. TD Securities reduced their target price on shares of Emera from C$53.00 to C$49.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Finally, Raymond James upgraded shares of Emera from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$49.29.

Emera opened at C$40.66 on Thursday, according to MarketBeat Ratings. Emera has a 1 year low of C$39.08 and a 1 year high of C$49.48.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st were issued a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend was Monday, April 30th.

In related news, Director Christopher Huskilson purchased 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of C$41.31 per share, with a total value of C$247,860.00. Insiders purchased a total of 42,000 shares of company stock worth $1,722,800 over the last three months.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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