Emera Inc Expected to Post Q3 2016 Earnings of $0.63 Per Share (EMA)
Emera Inc (TSE:EMA) – National Bank Financial issued their Q3 2016 earnings estimates for Emera in a note issued to investors on Wednesday. National Bank Financial analyst P. Kenny forecasts that the firm will post earnings per share of $0.63 for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $54.00 target price on the stock.
Several other research analysts have also issued reports on the company. Raymond James Financial Inc. reaffirmed a “market perform” rating and set a C$51.50 target price on shares of Emera in a research report on Thursday, September 22nd. Royal Bank Of Canada raised their target price on Emera from C$56.00 to C$60.00 in a research report on Thursday, August 11th. TD Securities raised their target price on Emera from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. RBC Capital Markets raised their target price on Emera from C$56.00 to C$60.00 in a research report on Wednesday, August 10th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$49.00 price target on shares of Emera in a report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Emera presently has an average rating of “Hold” and an average price target of C$54.14.
Shares of Emera (TSE:EMA) opened at 46.87 on Monday. Emera has a 12-month low of $41.32 and a 12-month high of $50.19. The company has a market cap of $9.35 billion and a price-to-earnings ratio of 14.60. The company’s 50-day moving average price is $47.06 and its 200 day moving average price is $47.43.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be paid a $0.5225 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.09 annualized dividend and a dividend yield of 4.46%.
In other news, Director Christopher Huskilson bought 4,000 shares of Emera stock in a transaction dated Thursday, October 6th. The stock was bought at an average cost of C$45.70 per share, for a total transaction of C$182,800.00. Also, Director Allan Leslie Edgeworth bought 567 shares of Emera stock in a transaction dated Friday, August 5th. The stock was purchased at an average price of C$49.28 per share, with a total value of C$27,941.76.
Emera Company Profile
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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