Emera Inc (EMA) to Post Q3 2016 Earnings of $0.63 Per Share, National Bank Financial Forecasts
Emera Inc (TSE:EMA) – National Bank Financial issued their Q3 2016 earnings estimates for Emera in a report released on Wednesday. National Bank Financial analyst P. Kenny expects that the firm will earn $0.63 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $54.00 target price on the stock.
EMA has been the subject of several other reports. CSFB raised their target price on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. CIBC raised their target price on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. BMO Capital Markets raised their target price on Emera from C$50.00 to C$52.00 in a research note on Thursday, July 7th. RBC Capital Markets raised their target price on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Finally, Royal Bank Of Canada raised their target price on Emera from C$56.00 to C$60.00 in a research note on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$54.14.
Emera (TSE:EMA) opened at 46.51 on Monday. The firm has a market cap of $9.27 billion and a P/E ratio of 14.49. Emera has a 12 month low of $41.32 and a 12 month high of $50.19. The firm’s 50-day moving average price is $47.10 and its 200-day moving average price is $47.44.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.5225 per share. The ex-dividend date is Friday, October 28th. This represents a $2.09 annualized dividend and a dividend yield of 4.49%.
In other news, Director Allan Leslie Edgeworth bought 567 shares of the company’s stock in a transaction on Friday, August 5th. The shares were purchased at an average price of C$49.28 per share, with a total value of C$27,941.76. Also, Director Christopher Huskilson bought 4,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were purchased at an average cost of C$45.70 per share, for a total transaction of C$182,800.00.
Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
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