FY2018 EPS Estimates for Emera Inc Reduced by Analyst (EMA)
Emera Inc (TSE:EMA) – Analysts at National Bank Financial dropped their FY2018 earnings per share estimates for shares of Emera in a research note issued to investors on Sunday. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $3.09 for the year, down from their prior estimate of $3.18.
Several other research firms have also commented on EMA. Barclays PLC increased their price objective on shares of Emera from C$51.00 to C$55.00 in a research report on Friday, April 21st. TD Securities increased their price objective on shares of Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Emera presently has an average rating of “Buy” and a consensus target price of C$53.06.
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Emera (TSE:EMA) traded up 0.38% during mid-day trading on Tuesday, hitting $47.47. 141,107 shares of the stock were exchanged. The company has a 50-day moving average of $47.19 and a 200-day moving average of $46.97. Emera has a 52 week low of $43.76 and a 52 week high of $49.24. The stock has a market capitalization of $10.02 billion and a PE ratio of 18.04.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were issued a $0.5225 dividend. The ex-dividend date was Friday, July 28th. This represents a $2.09 annualized dividend and a dividend yield of 4.42%.
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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