Scotiabank Has Negative Forecast for Emera FY2025 Earnings

Emera Incorporated (TSE:EMA) – Investment analysts at Scotiabank reduced their FY2025 EPS estimates for shares of Emera in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst A. Weisel now anticipates that the company will post earnings per share of $3.48 for the year, down from their previous estimate 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.

EMA has been the topic of several other reports. Desjardins raised their price target on Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada increased their price objective on Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Raymond James Financial raised their target price on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. National Bankshares upped their price target on shares of Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets increased their price target on shares of Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Stock Down 0.2%

EMA opened at C$68.13 on Monday. Emera has a 12 month low of C$54.08 and a 12 month high of C$69.75. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The business’s 50-day moving average price is C$67.29 and its 200-day moving average price is C$66.35. The company has a market cap of C$20.56 billion, a P/E ratio of 18.67, a P/E/G ratio of 6.20 and a beta of 0.59.

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

Insider Activity at Emera

In related news, Director Scott Carlyle Balfour sold 20,000 shares of Emera stock in a transaction on Monday, November 17th. The shares were 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. Also, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction on Wednesday, December 17th. The shares were 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 owned 2,378 shares in the company, valued at approximately C$159,326. This trade represents a 77.09% decrease in their position. Insiders have sold 38,000 shares of company stock worth $2,578,500 over the last three months. 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.