Q4 2016 EPS Estimates for Emera Inc Decreased by Analyst (EMA)
Emera Inc (TSE:EMA) – Investment analysts at Raymond James Financial cut their Q4 2016 earnings estimates for shares of Emera in a research report issued on Tuesday. Raymond James Financial analyst D. Quezada now forecasts that the brokerage will post earnings per share of $0.54 for the quarter, down from their previous forecast of $0.73. Raymond James Financial has a “Market Perform” rating and a $51.50 price target on the stock.
Several other research firms have also issued reports on EMA. CIBC raised their price target on shares of Emera from C$49.00 to C$53.00 in a report on Wednesday, July 20th. Scotiabank restated a “sector perform” rating and set a C$49.00 price target on shares of Emera in a report on Tuesday, August 9th. CSFB raised their price target on shares of Emera from C$54.00 to C$58.00 in a report on Monday, July 25th. Barclays PLC lowered their price target on shares of Emera from C$54.00 to C$52.00 and set an “overweight” rating for the company in a report on Thursday. Finally, RBC Capital Markets raised their price target on shares of Emera from C$56.00 to C$60.00 in a report on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$54.59.
Emera (TSE:EMA) opened at 44.60 on Friday. The company’s 50-day moving average is $46.59 and its 200 day moving average is $47.32. The firm has a market cap of $8.89 billion and a PE ratio of 13.89. Emera has a one year low of $41.32 and a one year high of $50.19.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.5225 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.09 dividend on an annualized basis and a yield of 4.69%.
In other Emera news, Director Christopher Huskilson purchased 4,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was acquired at an average price of C$45.70 per share, for a total transaction of C$182,800.00.
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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