Emera Inc (TSE:EMA) – Investment analysts at National Bank Financial reduced their FY2020 earnings per share (EPS) estimates for Emera in a report released on Monday, May 13th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.79 per share for the year, down from their previous forecast of $2.81. National Bank Financial currently has a “Sector Perform” rating and a $52.00 target price on the stock.

Emera (TSE:EMA) last issued its earnings results on Friday, May 10th. The company reported C$0.95 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.11. The firm had revenue of C$1.82 billion during the quarter, compared to the consensus estimate of C$1.77 billion.

A number of other analysts have also commented on EMA. Royal Bank of Canada reissued an “average” rating and set a C$53.00 price objective (up from C$50.00) on shares of Emera in a report on Wednesday, February 20th. TD Securities boosted their price objective on Emera from C$48.00 to C$50.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Raymond James reissued an “outperform” rating and set a C$50.00 price objective on shares of Emera in a report on Wednesday, February 20th. JPMorgan Chase & Co. boosted their price objective on Emera from C$43.00 to C$45.00 in a report on Monday, March 4th. Finally, UBS Group boosted their price objective on Emera from C$52.00 to C$55.00 in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Emera presently has a consensus rating of “Buy” and a consensus target price of C$51.40.

Shares of EMA opened at C$51.10 on Thursday. The company has a debt-to-equity ratio of 187.03, a current ratio of 0.69 and a quick ratio of 0.52. The company has a market cap of $11.97 billion and a price-to-earnings ratio of 15.96. Emera has a 52 week low of C$38.09 and a 52 week high of C$51.18.

About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Earnings History and Estimates for Emera (TSE:EMA)

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