Other analysts have also recently issued reports about the company. CIBC dropped their target price on Emera from C$47.00 to C$45.00 in a report on Wednesday, October 24th. Industrial Alliance Securities lowered their price target on Emera from C$55.00 to C$51.00 in a report on Tuesday, October 9th. TD Securities lowered their price target on Emera from C$49.00 to C$47.00 and set a buy rating for the company in a report on Monday, August 13th. CSFB cut Emera from an outperform rating to a neutral rating and lowered their price target for the stock from C$48.00 to C$45.00 in a report on Friday, August 10th. Finally, Royal Bank of Canada lowered their price target on Emera from C$50.00 to C$46.00 and set an outperform rating for the company in a report on Monday, August 13th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$46.89.
TSE:EMA traded up C$2.34 during trading hours on Friday, hitting C$43.08. The company had a trading volume of 2,469,300 shares, compared to its average volume of 708,750. The company has a debt-to-equity ratio of 196.43, a quick ratio of 0.37 and a current ratio of 0.56. Emera has a 1 year low of C$38.09 and a 1 year high of C$49.48.
Emera (TSE:EMA) last issued its earnings results on Thursday, August 9th. The company reported C$0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.63 by C($0.15). The business had revenue of C$1.42 billion during the quarter, compared to the consensus estimate of C$1.49 billion. On average, analysts expect that Emera will post 2.88999996169367 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.587 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This is a boost from Emera’s previous quarterly dividend of $0.57. This represents a $2.35 dividend on an annualized basis and a dividend yield of 5.45%. Emera’s dividend payout ratio is currently 233.42%.
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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