Emera Inc (TSE:EMA) – National Bank Financial dropped their FY2018 EPS estimates for Emera in a report released on Monday. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $2.87 for the year, down from their prior forecast of $2.90. National Bank Financial also issued estimates for Emera’s FY2019 earnings at $2.88 EPS.
EMA has been the topic of several other reports. TD Securities cut their price objective on shares of Emera from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets cut their price objective on shares of Emera from C$54.00 to C$52.00 in a research report on Tuesday, February 6th. Scotiabank cut their price objective on shares of Emera from C$51.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 2nd. Raymond James Financial raised shares of Emera from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada cut their price objective on shares of Emera from C$57.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$50.14.
Emera (TSE:EMA) last posted its quarterly earnings data on Tuesday, November 14th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.19). The company had revenue of C$1.43 billion during the quarter, compared to the consensus estimate of C$1.55 billion. Emera had a net margin of 6.94% and a return on equity of 5.43%.
In other Emera news, Director Robert John Scott Hanf sold 20,775 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$48.50, for a total transaction of C$1,007,587.50.
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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