Q2 2022 EPS Estimates for Emera Incorporated Reduced by Raymond James (TSE:EMA)

Emera Incorporated (TSE:EMAGet Rating) – Investment analysts at Raymond James lowered their Q2 2022 earnings estimates for shares of Emera in a note issued to investors on Wednesday, July 27th. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.61. The consensus estimate for Emera’s current full-year earnings is $3.24 per share. Raymond James also issued estimates for Emera’s Q3 2022 earnings at $0.74 EPS and Q4 2022 earnings at $0.77 EPS.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Emera from C$63.00 to C$59.00 in a research report on Tuesday, July 26th. CSFB lifted their price target on shares of Emera from C$63.00 to C$66.00 in a research note on Wednesday, April 13th. Royal Bank of Canada lifted their price target on shares of Emera from C$66.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 17th. Scotiabank lifted their price objective on Emera from C$65.00 to C$69.00 in a report on Tuesday, April 19th. Finally, National Bankshares lifted their price target on Emera from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$64.46.

Emera Stock Performance

TSE:EMA opened at C$60.71 on Monday. Emera has a twelve month low of C$56.87 and a twelve month high of C$65.23. The company has a current ratio of 0.66, a quick ratio of 0.29 and a debt-to-equity ratio of 156.73. The company has a 50-day moving average of C$60.99 and a 200-day moving average of C$61.18. The firm has a market cap of C$15.97 billion and a price-to-earnings ratio of 26.63.

Emera (TSE:EMAGet Rating) last announced its earnings results on Friday, May 13th. The company reported C$0.92 earnings per share for the quarter, beating the consensus estimate of C$0.91 by C$0.01. The firm had revenue of C$2.02 billion during the quarter, compared to analysts’ expectations of C$1.58 billion.

Emera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Tuesday, August 2nd will be given a dividend of $0.663 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.37%. This is an increase from Emera’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, July 29th. Emera’s dividend payout ratio (DPR) is 114.04%.

Emera Company Profile

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Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

See Also

Earnings History and Estimates for Emera (TSE:EMA)

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