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.
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.
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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