Q2 2022 EPS estimates for Emera Incorporated reduced by Raymond James (TSE:EMA)
Emera Incorporated (TSE:EMA – Get Rating) – Investment analysts Raymond James lowered their Q2 2022 earnings estimates for Emera shares in a note to investors on Wednesday, July 27. Raymond James analyst D. Quezada now expects the company to post earnings per share of $0.59 for the quarter, down from its previous estimate of $0.61. The consensus estimate of Emera’s current annual earnings is $3.24 per share. Raymond James also released estimates of Emera’s Q3 2022 earnings at $0.74 EPS and Q4 2022 earnings at $0.77 EPS.
Other stock analysts have also published research reports on the stock. JPMorgan Chase & Co. lowered its price target on Emera shares from C$63.00 to C$59.00 in a Tuesday, July 26 research report. CSFB raised its price target on Emera shares from C$63.00 to C$66.00 in a Wednesday, April 13 research note. Royal Bank of Canada raised its price target on Emera shares from C$66.00 to C$72.00 and gave the stock an “outperform” rating in a Tuesday 17 research note. may. Scotiabank raised its price target on Emera from C$65.00 to C$69.00 in a Tuesday, April 19 report. Finally, National Bankshares raised its price target on Emera from C$59.00 to C$60.00 and gave the company an “sector performance” rating in a report released Monday, May 16. One financial analyst gave the stock a sell rating, six gave the company a hold rating and four gave the company a buy rating. Based on MarketBeat data, the company has an average rating of “Hold” and an average target price of C$64.46.
Performance of Emera shares
TSE:EMA opened at C$60.71 on Monday. Emera has a 12-month low of C$56.87 and a 12-month high of C$65.23. The company has a current ratio of 0.66, a quick ratio of 0.29 and a debt 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 company has a market capitalization of C$15.97 billion and a price-earnings ratio of 26.63.
Emera (TSE:EMA – Get Rating) last announced its results on Friday, May 13. The company reported earnings per share of C$0.92 for the quarter, beating the consensus estimate of C$0.91 by C$0.01. The company posted revenue of C$2.02 billion in the quarter, while analysts had expected C$1.58 billion.
Emera increases its dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15. Shareholders of record on Tuesday August 2 will receive a dividend of $0.663 per share. This represents a dividend of $2.65 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 29. Emera’s dividend payout ratio (DPR) is 114.04%.
Emera Company Profile
(Get a rating)
Emera Incorporated, an energy and utility company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity to various customers. The Company operates through Florida Electric Utilities, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure and Other segments.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Emera right now?
Before you consider Emera, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off… and Emera wasn’t on the list.
Although Emera currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here