Emera (EMA) Set to Announce Earnings on Tuesday

Emera (TSE:EMA) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, February 19th. Analysts expect Emera to post earnings of C$0.63 per share for the quarter.

EMA stock opened at C$46.36 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 201.50. The company has a market capitalization of $10.82 billion and a price-to-earnings ratio of 42.38. Emera has a twelve month low of C$38.09 and a twelve month high of C$46.77.

In other news, insider Wayne David O’connor sold 7,100 shares of Emera stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of C$44.37, for a total transaction of C$315,027.00.

A number of research analysts have weighed in on the company. National Bank Financial raised their price target on Emera from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 23rd. UBS Group upgraded Emera from a “neutral” rating to a “buy” rating and raised their price target for the company from C$42.00 to C$51.00 in a research note on Thursday, November 29th. CIBC raised their price target on Emera from C$45.00 to C$47.00 and gave the company an “average” rating in a research note on Tuesday, January 15th. JPMorgan Chase & Co. raised their price target on Emera from C$42.00 to C$43.00 in a research note on Friday, November 30th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$47.00 price target on shares of Emera in a research note on Wednesday, November 28th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$47.73.

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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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Earnings History for Emera (TSE:EMA)

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