National Bank Financial Analysts Cut Earnings Estimates for Emera Inc (EMA)
Emera Inc (TSE:EMA) – Stock analysts at National Bank Financial decreased their FY2017 earnings estimates for Emera in a research report issued to clients and investors on Sunday. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $2.72 for the year, down from their previous estimate of $2.75.
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A number of other research analysts also recently commented on EMA. Barclays PLC increased their price target on Emera from C$51.00 to C$55.00 in a report on Friday, April 21st. TD Securities increased their price target on Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Emera currently has a consensus rating of “Buy” and a consensus price target of C$53.06.
Emera (EMA) opened at 47.29 on Wednesday. The firm has a market cap of $9.98 billion and a price-to-earnings ratio of 17.97. Emera has a 52-week low of $43.76 and a 52-week high of $49.24. The firm’s 50-day moving average price is $47.19 and its 200 day moving average price is $46.97.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.5225 per share. This represents a $2.09 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Friday, July 28th.
Emera Company Profile
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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