Emera (TSE:EMA) Given New C$54.00 Price Target at Raymond James

Emera (TSE:EMA) had its price objective decreased by Raymond James from C$55.00 to C$54.00 in a report released on Thursday, BayStreet.CA reports. Raymond James also issued estimates for Emera’s FY2024 earnings at $2.89 EPS, Q1 2025 earnings at $1.01 EPS and Q4 2025 earnings at $0.84 EPS.

Other equities research analysts have also issued reports about the stock. TD Securities lowered their price target on shares of Emera from C$62.00 to C$57.00 and set a buy rating on the stock in a research note on Tuesday, February 27th. Royal Bank of Canada lowered their price target on shares of Emera from C$62.00 to C$60.00 and set an outperform rating on the stock in a research note on Tuesday, February 27th. Scotiabank lowered their price target on shares of Emera from C$56.00 to C$52.00 and set an outperform rating on the stock in a research note on Monday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of Emera from C$50.00 to C$48.00 and set an underweight rating on the stock in a research note on Monday, January 22nd. Finally, CIBC lowered their price target on shares of Emera from C$53.00 to C$51.00 and set a neutral rating on the stock in a research note on Friday, April 19th. 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 data from MarketBeat, the company currently has an average rating of Hold and an average target price of C$54.50.

Emera Trading Up 0.6 %

Shares of TSE:EMA opened at C$46.43 on Thursday. Emera has a 12 month low of C$43.67 and a 12 month high of C$59.52. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 164.26. The company’s fifty day simple moving average is C$47.50 and its 200 day simple moving average is C$48.12. The firm has a market cap of C$13.27 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.71 by C($0.08). Emera had a net margin of 13.80% and a return on equity of 8.88%. The business had revenue of C$1.97 billion during the quarter, compared to analyst estimates of C$1.97 billion. As a group, research analysts forecast that Emera will post 3.2788927 EPS for the current fiscal year.

Emera Announces Dividend

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

Emera Company Profile

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.