Scotiabank Has Negative Estimate for Emera FY2025 Earnings

Emera Incorporated (TSE:EMA) – Equities research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Emera in a research note issued on Friday, January 23rd. Scotiabank analyst A. Weisel now expects that the company will earn $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.

Several other research analysts also recently commented on EMA. National Bankshares raised their price objective on shares of Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. BMO Capital Markets increased their target price on Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Raymond James Financial lifted their price target on Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Desjardins increased their price objective on Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, CIBC increased their price target on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Five 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 company currently has a consensus rating of “Moderate Buy” and an average price target of C$71.00.

Emera Trading Down 0.2%

Shares of EMA opened at C$68.29 on Monday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm has a market cap of C$20.61 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59. Emera has a fifty-two week low of C$54.08 and a fifty-two week high of C$69.75. The business has a 50-day moving average of C$67.30 and a 200 day moving average of C$66.31.

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

Insider Buying and Selling

In other Emera news, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the sale, the insider directly owned 2,378 shares in the company, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock. Also, Director Scott Carlyle Balfour sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the completion of the transaction, the director directly owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. This represents a 56.39% decrease in their position. Insiders sold 38,000 shares of company stock worth $2,578,500 over the last ninety days. 0.09% of the stock is currently owned by insiders.

About Emera

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.