Wall Street brokerages expect Enable Midstream Partners LP (NYSE:ENBL) to report earnings per share (EPS) of $0.24 for the current quarter, according to Zacks. Zero analysts have issued estimates for Enable Midstream Partners’ earnings, with estimates ranging from $0.22 to $0.26. Enable Midstream Partners also reported earnings per share of $0.24 during the same quarter last year. The company is expected to announce its next earnings report before the market opens on Wednesday, May 1st.
On average, analysts expect that Enable Midstream Partners will report full year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.11. For the next financial year, analysts expect that the company will post earnings of $1.07 per share, with EPS estimates ranging from $0.99 to $1.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Enable Midstream Partners.
Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $950.00 million for the quarter, compared to analysts’ expectations of $887.67 million. Enable Midstream Partners had a net margin of 15.19% and a return on equity of 7.20%. Enable Midstream Partners’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS.
Several equities analysts have issued reports on the stock. ValuEngine cut shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, February 26th. Stifel Nicolaus raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, February 21st. Finally, Mizuho initiated coverage on shares of Enable Midstream Partners in a research note on Monday, February 11th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Enable Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $17.67.
In other news, insider Thomas L. Levescy sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $14.82, for a total transaction of $592,800.00. Following the transaction, the insider now directly owns 52,963 shares of the company’s stock, valued at approximately $784,911.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Several institutional investors have recently added to or reduced their stakes in ENBL. Alps Advisors Inc. boosted its position in shares of Enable Midstream Partners by 12.8% in the 4th quarter. Alps Advisors Inc. now owns 8,729,267 shares of the pipeline company’s stock worth $118,107,000 after buying an additional 990,669 shares in the last quarter. Virtus Alternative Investment Advisers Inc. purchased a new stake in shares of Enable Midstream Partners in the 3rd quarter worth about $9,178,000. Deutsche Bank AG boosted its position in shares of Enable Midstream Partners by 125.6% in the 3rd quarter. Deutsche Bank AG now owns 932,669 shares of the pipeline company’s stock worth $15,704,000 after buying an additional 519,291 shares in the last quarter. Cohen & Steers Inc. purchased a new stake in shares of Enable Midstream Partners in the 3rd quarter worth about $7,473,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Enable Midstream Partners in the 4th quarter worth about $5,467,000. Institutional investors and hedge funds own 19.64% of the company’s stock.
ENBL traded down $0.11 during trading on Wednesday, hitting $13.44. The stock had a trading volume of 609,819 shares, compared to its average volume of 556,232. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.25 and a current ratio of 0.28. The stock has a market capitalization of $5.86 billion, a P/E ratio of 12.11, a P/E/G ratio of 3.44 and a beta of 1.39. Enable Midstream Partners has a twelve month low of $12.31 and a twelve month high of $19.27.
About Enable Midstream Partners
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
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