Research Analysts Issue Forecasts for Emera Incorporated’s FY2024 Earnings (TSE:EMA)

Emera Incorporated (TSE:EMA) – Equities researchers at Raymond James lowered their FY2024 earnings per share (EPS) estimates for shares of Emera in a report issued on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $2.89 for the year, down from their previous forecast of $3.17. The consensus estimate for Emera’s current full-year earnings is $3.28 per share. Raymond James also issued estimates for Emera’s Q1 2025 earnings at $1.01 EPS and Q4 2025 earnings at $0.84 EPS.

A number of other equities research analysts also recently weighed in on the company. National Bankshares dropped their target price on Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. Scotiabank dropped their target price on Emera from C$56.00 to C$52.00 and set an “outperform” rating for the company in a report on Monday. TD Securities dropped their target price on Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Royal Bank of Canada dropped their target price on Emera from C$62.00 to C$60.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, CIBC dropped their target price on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a report 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$54.50.

Emera Stock Down 0.9 %

EMA opened at C$46.17 on Friday. Emera has a fifty-two week low of C$43.67 and a fifty-two week high of C$59.52. The company has a debt-to-equity ratio of 164.26, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of C$13.20 billion, a P/E ratio of 12.93, a P/E/G ratio of 2.77 and a beta of 0.28. The stock has a fifty day moving average of C$47.58 and a 200-day moving average of C$48.14.

Emera (TSE:EMA) last announced 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 for the quarter, compared to analyst estimates of C$1.97 billion.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Tuesday, April 30th. Emera’s dividend payout ratio (DPR) is presently 80.39%.

About Emera

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.