Emera Inc to Post Q3 2017 Earnings of $0.75 Per Share, National Bank Financial Forecasts (EMA)
Emera Inc (TSE:EMA) – National Bank Financial issued their Q3 2017 EPS estimates for shares of Emera in a research note issued to investors on Monday. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $0.75 for the quarter.
A number of other analysts also recently issued reports on the stock. TD Securities raised their price target on shares of Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, August 14th. BMO Capital Markets raised their price target on shares of Emera from C$51.00 to C$52.00 and gave the company a “market perform” rating in a report on Monday, October 2nd. Barclays PLC raised their price target on shares of Emera from C$53.00 to C$54.00 in a report on Monday, August 14th. Finally, CIBC raised their price target on shares of Emera from C$54.00 to C$56.00 in a report on Friday, September 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$53.17.
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Emera (TSE EMA) opened at 48.58 on Wednesday. The firm has a market capitalization of $10.31 billion and a PE ratio of 25.46. The stock’s 50 day moving average is $47.32 and its 200-day moving average is $47.47. Emera has a one year low of $43.76 and a one year high of $49.24.
In other news, insider Bruce Marchand sold 1,300 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00. Also, insider Daniel Muldoon sold 16,700 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$47.33, for a total transaction of C$790,411.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.565 dividend. This represents a $2.26 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a boost from Emera’s previous quarterly dividend of $0.52.
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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