Emera (TSE:EMA) Price Target Cut to C$54.00 by Analysts at Raymond James

Emera (TSE:EMA) had its target price trimmed by Raymond James from C$55.00 to C$54.00 in a report published 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.

Several other equities analysts have also recently issued reports on EMA. TD Securities dropped their price objective 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. Scotiabank dropped their price objective 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. dropped their price objective 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. CIBC dropped their price objective 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. Finally, Royal Bank of Canada dropped their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$54.50.

Emera Stock Up 0.6 %

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

Emera (TSE:EMA) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.63 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 analysts’ expectations of C$1.97 billion. Sell-side analysts expect that Emera will post 3.2788927 earnings per share for the current year.

Emera Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a yield of 6.18%. Emera’s payout ratio is 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.