Emera Inc (TSE:EMA) – Research analysts at Desjardins issued their Q4 2016 earnings per share (EPS) estimates for Emera in a report released on Wednesday. Desjardins analyst M. Jarvi forecasts that the brokerage will post earnings per share of $0.55 for the quarter. Desjardins currently has a “Buy” rating and a $50.00 price target on the stock. Desjardins also issued estimates for Emera’s FY2018 earnings at $3.11 EPS and FY2020 earnings at $3.25 EPS.
Several other analysts have also recently commented on the stock. Raymond James Financial Inc. reiterated a “market perform” rating and issued a C$51.50 price target on shares of Emera in a research note on Thursday, September 22nd. Scotiabank reiterated a “sector perform” rating and issued a C$49.00 price target on shares of Emera in a research note on Tuesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$62.00 price target (up previously from C$60.00) on shares of Emera in a research note on Tuesday, November 8th. RBC Capital Markets boosted their price target on shares of Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Finally, TD Securities boosted their price target on shares of Emera from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$54.21.
Shares of Emera (TSE:EMA) opened at 45.71 on Monday. The company has a 50 day moving average price of $45.99 and a 200 day moving average price of $47.25. Emera has a 1-year low of $41.32 and a 1-year high of $50.19. The company has a market capitalization of $9.21 billion and a PE ratio of 20.70.
In other Emera news, Director Christopher Huskilson bought 4,000 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were purchased at an average cost of C$45.70 per share, for a total transaction of C$182,800.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were given a dividend of $0.5225 per share. This represents a $2.09 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, October 28th.