Emera Incorporated (TSE: EMA) given the average “conservation” rating by brokerage firms
Shares of Emera Incorporated (TSE: EMA) have earned an average “Hold” recommendation from the twelve rating companies that currently cover the company, Marketbeat reports. Seven investment analysts rated the stock with a keep recommendation and three issued a buy recommendation on the company. The one-year average price target among brokers who hedged the stock in the past year is C $ 61.45.
Several equity research analysts recently commented on the company. National Bankshares raised its price target on Emera from C $ 58.00 to C $ 59.00 and gave the stock a “sector performance” rating in a research note on Thursday, December 2. Credit Suisse Group reaffirmed a “neutral” rating and issued a price target of C $ 60.00 for Emera shares in a report released on Thursday, December 2. Raymond James set a target price of C $ 61.00 for Emera shares and assigned the share a “market performance” rating in a report released on Thursday, December 2. The CSFB set a target price of C $ 60.00 for Emera’s shares and rated the stock “neutral” in a report released on Thursday, December 2. Finally, Scotiabank raised its target price on Emera shares from C $ 64.00 to C $ 65 in a report released on Thursday, December 2.
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 rapid ratio of 0.29. The company has a market capitalization of 16.38 billion Canadian dollars and a price / earnings ratio of 35.21. Emera has a one-year low at CA $ 49.66 and a one-year high at CA $ 63.71. The company has a fifty-day moving average price of CA $ 59.76 and a 200-day moving average price of CA $ 58.73.
Emera (TSE: EMA) last released its quarterly earnings data on Wednesday, November 10. The company reported EPS of C $ 0.68 for the quarter, beating the consensus estimate of C $ 0.67 by C $ 0.01. The company reported sales of C $ 1.15 billion in the quarter, compared to analysts’ expectations of C $ 1.30 billion. On average, equity research analysts predict that Emera will post earnings per share of 3.0699998 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15. Shareholders of record on Monday, November 1 received a dividend of $ 0.663 per share. This represents an annualized dividend of $ 2.65 and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday October 29. 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, is engaged in the generation, transmission and distribution of electricity to various customers. The Company operates its business through Florida electric utilities, Canadian electric utilities, other electric utilities, gas utilities and infrastructure and other segments.
Feature article: Explanation of earnings per share (EPS)
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