Equities Analysts Issue Forecasts for Emera’s FY2018 Earnings (EMA)

Emera (TSE:EMA) – Equities researchers at National Bank Financial raised their FY2018 earnings estimates for shares of Emera in a note issued to investors on Monday, May 14th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $3.05 per share for the year, up from their prior estimate of $2.87. National Bank Financial currently has a “Sector Perform” rating and a $43.00 price target on the stock.

Several other research firms also recently weighed in on EMA. BMO Capital Markets reduced their target price on Emera from C$54.00 to C$52.00 in a report on Tuesday, February 6th. Raymond James raised Emera from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Scotiabank reduced their price objective on Emera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Monday, May 14th. CIBC reduced their price objective on Emera from C$55.00 to C$52.00 in a research note on Friday, May 11th. Finally, Royal Bank of Canada reduced their price objective on Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Emera currently has a consensus rating of “Buy” and a consensus price target of C$49.29.

Emera opened at C$40.66 on Thursday, Marketbeat Ratings reports. Emera has a fifty-two week low of C$39.08 and a fifty-two week high of C$49.48.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a dividend of $0.565 per share. This represents a $2.26 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Monday, April 30th.

In related news, Director Christopher Huskilson acquired 12,000 shares of Emera stock in a transaction on Monday, March 12th. The stock was purchased at an average cost of C$41.17 per share, with a total value of C$494,040.00. Over the last ninety days, insiders have acquired 42,000 shares of company stock valued at $1,722,800.

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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