Raymond James Weighs in on Emera Inc’s Q2 2019 Earnings (EMA)

Emera Inc (TSE:EMA) – Equities researchers at Raymond James cut their Q2 2019 earnings per share (EPS) estimates for shares of Emera in a report released on Monday, May 13th. Raymond James analyst D. Quezada now anticipates that the company will post earnings of $0.57 per share for the quarter, down from their previous forecast of $0.64. Raymond James currently has a “Market Perform” rating and a $50.00 price target on the stock. Raymond James also issued estimates for Emera’s Q3 2019 earnings at $0.60 EPS and Q4 2019 earnings at $0.77 EPS.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, May 10th. The company reported C$0.95 earnings per share for the quarter, topping the consensus estimate of C$0.84 by C$0.11. The business had revenue of C$1.82 billion for the quarter, compared to analyst estimates of C$1.77 billion.

Several other equities research analysts have also weighed in on the stock. TD Securities increased their price objective on shares of Emera from C$54.00 to C$55.00 and gave the stock a “buy” rating in a research note on Monday. National Bank Financial raised their price target on shares of Emera from C$51.00 to C$52.00 and gave the company a “sector perform” rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Emera from C$56.00 to C$59.00 and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Emera from C$45.00 to C$49.00 in a research note on Monday, April 15th. Finally, BMO Capital Markets raised their price target on shares of Emera from C$48.00 to C$51.00 in a research note on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Emera currently has an average rating of “Buy” and an average price target of C$51.40.

EMA opened at C$51.10 on Wednesday. The stock has a market cap of $11.97 billion and a P/E ratio of 15.96. Emera has a fifty-two week low of C$38.09 and a fifty-two week high of C$51.18. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 187.03.

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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