Scotiabank Brokers Decrease Earnings Estimates for Emera

Emera Incorporated (TSE:EMA) – Equities researchers at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for Emera in a note issued to investors on Friday, January 23rd. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $3.48 per share 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.

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

Several other analysts also recently commented on EMA. CIBC raised their price objective on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Raymond James Financial upped their price target on Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Royal Bank Of Canada increased their price objective on shares of Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. BMO Capital Markets upped their target price on shares of Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Finally, National Bankshares raised their target price on shares of Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$71.00.

Emera Price Performance

TSE EMA opened at C$68.32 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a 12 month low of C$54.26 and a 12 month high of C$69.75. The stock has a market cap of C$20.62 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 6.20 and a beta of 0.59. The company’s 50 day moving average is C$67.29 and its two-hundred day moving average is C$66.39.

Insider Buying and Selling at Emera

In other news, Director Scott Carlyle Balfour sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 7,733 shares of the company’s stock, valued at approximately C$527,777.25. This represents a 72.12% decrease in their position. 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 value of C$536,000.00. Following the completion of the transaction, the insider owned 2,378 shares in the company, valued at C$159,326. This represents a 77.09% decrease in their ownership of the stock. Insiders sold a total of 38,000 shares of company stock worth $2,578,500 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

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.