Shares of Emera Incorporated (TSE:EMA) have earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$61.45.
Several equities research analysts have recently commented on the company. National Bankshares upped their price objective on Emera from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a C$60.00 target price on shares of Emera in a report on Thursday, December 2nd. Raymond James set a C$61.00 target price on shares of Emera and gave the stock a “market perform” rating in a report on Thursday, December 2nd. CSFB set a C$60.00 target price on shares of Emera and gave the stock a “neutral” rating in a report on Thursday, December 2nd. Finally, Scotiabank upped their target price on shares of Emera from C$64.00 to C$65.00 in a report on Thursday, December 2nd.
TSE:EMA opened at C$63.35 on Friday. The company has a debt-to-equity ratio of 161.35, a current ratio of 0.61 and a quick ratio of 0.29. The firm has a market capitalization of C$16.38 billion and a price-to-earnings ratio of 35.21. Emera has a one year low of C$49.66 and a one year high of C$63.71. The business has a fifty day moving average price of C$59.76 and a 200-day moving average price of C$58.73.
Emera (TSE:EMA) last posted its quarterly earnings data on Wednesday, November 10th. The company reported C$0.68 EPS for the quarter, topping the consensus estimate of C$0.67 by C$0.01. The company had revenue of C$1.15 billion during the quarter, compared to analysts’ expectations of C$1.30 billion. On average, equities research analysts expect that Emera will post 3.0699998 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Monday, November 1st were issued a dividend of $0.663 per share. This represents a $2.65 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, October 29th. This is an increase from Emera’s previous quarterly dividend of $0.64. Emera’s dividend payout ratio is 141.75%.
Emera Company Profile
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.