Emera Inc Forecasted to Post Q4 2016 Earnings of $0.55 Per Share (EMA)
Emera Inc (TSE:EMA) – Research analysts at Desjardins issued their Q4 2016 EPS estimates for Emera in a report issued on Wednesday. Desjardins analyst M. Jarvi forecasts that the brokerage will post earnings of $0.55 per share for the quarter. Desjardins has a “Buy” rating and a $50.00 price target on the stock. Desjardins also issued estimates for Emera’s FY2018 earnings at $3.11 EPS and FY2020 earnings at $3.25 EPS.
EMA has been the subject of a number of other research reports. TD Securities lifted their price objective on shares of Emera from C$52.00 to C$55.00 and gave the company a “buy” rating in a report on Wednesday, November 9th. Royal Bank Of Canada restated an “outperform” rating and issued a C$62.00 price objective (up previously from C$60.00) on shares of Emera in a report on Tuesday, November 8th. National Bank Financial dropped their price objective on shares of Emera from C$55.00 to C$54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 9th. Scotiabank restated a “sector perform” rating and issued a C$50.00 price objective on shares of Emera in a report on Wednesday, November 9th. Finally, RBC Capital Markets lifted their price objective on shares of Emera from C$56.00 to C$60.00 in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$54.21.
Shares of Emera (TSE:EMA) opened at 45.27 on Monday. Emera has a one year low of $41.32 and a one year high of $50.19. The stock has a market capitalization of $9.12 billion and a price-to-earnings ratio of 20.50. The firm has a 50-day moving average of $45.99 and a 200 day moving average of $47.25.
In related news, Director Christopher Huskilson bought 4,000 shares of the stock in a transaction dated 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.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were issued a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Friday, October 28th.
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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