Scotiabank Has Bearish Estimate for Emera FY2026 Earnings

Emera Incorporated (TSE:EMA) – Stock analysts at Scotiabank lowered their FY2026 earnings per share estimates for Emera in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst A. Weisel now expects that the company will earn $3.78 per share for the year, down from their prior forecast of $3.80. Scotiabank currently has a “Sector Outperform” rating and a $80.00 target price on the stock. The consensus estimate for Emera’s current full-year earnings is $3.20 per share.

Emera (TSE:EMA) last announced its quarterly earnings results on Friday, May 8th. The company reported C$1.37 earnings per share for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The company had revenue of C$2.81 billion during the quarter.

EMA has been the subject of several other reports. TD lifted their target price on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. National Bank Financial increased their price target on shares of Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. JPMorgan Chase & Co. raised their price target on shares of Emera from C$73.00 to C$79.00 in a research report on Tuesday, July 21st. Desjardins lifted their price objective on shares of Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a report on Monday, July 20th. Finally, Barclays set a C$72.00 price objective on shares of Emera and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.77.

Emera Trading Up 0.1%

Emera stock opened at C$76.81 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83. Emera has a 12 month low of C$63.17 and a 12 month high of C$77.99. The stock’s 50 day simple moving average is C$74.37 and its two-hundred day simple moving average is C$71.87. The firm has a market cap of C$23.50 billion, a PE ratio of 23.49, a P/E/G ratio of 6.20 and a beta of 0.57.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a $0.7325 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.93 dividend on an annualized basis and a dividend yield of 3.8%. Emera’s payout ratio is 89.14%.

Insider Activity at Emera

In other news, insider Richard Janega sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the completion of the transaction, the insider directly owned 19,642 shares of the company’s stock, valued at C$1,458,418.50. This represents a 45.65% decrease in their position. 0.09% of the stock is owned by company insiders.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.