FY2016 EPS Estimates for Emera Inc Lifted by National Bank Financial (EMA)
Emera Inc (TSE:EMA) – Equities research analysts at National Bank Financial upped their FY2016 earnings per share estimates for shares of Emera in a research report issued to clients and investors on Tuesday. National Bank Financial analyst P. Kenny now anticipates that the brokerage will post earnings of $2.41 per share for the year, up from their previous forecast of $2.39. National Bank Financial has a “Sector Perform” rating and a $53.00 price objective on the stock. National Bank Financial also issued estimates for Emera’s FY2017 earnings at $2.35 EPS.
Several other brokerages have also issued reports on EMA. CIBC boosted their price target on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. CSFB boosted their price target on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. Royal Bank Of Canada boosted their price target on Emera from C$56.00 to C$60.00 in a research note on Thursday, August 11th. RBC Capital Markets boosted their price target on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Finally, TD Securities boosted their price target on Emera from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$54.59.
Shares of Emera (TSE:EMA) opened at 44.60 on Friday. The firm’s 50-day moving average price is $46.59 and its 200-day moving average price is $47.32. The firm has a market cap of $8.89 billion and a price-to-earnings ratio of 13.89. Emera has a 52 week low of $41.32 and a 52 week high of $50.19.
In other Emera news, Director Christopher Huskilson purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were acquired at an average cost of C$45.70 per share, for a total transaction of C$182,800.00.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a dividend of $0.5225 per share. The ex-dividend date is Friday, October 28th. This represents a $2.09 dividend on an annualized basis and a yield of 4.69%.
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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