Equities analysts expect Enbridge Inc (NYSE:ENB) (TSE:ENB) to post earnings per share of $0.47 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Enbridge’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.44. Enbridge posted earnings of $0.49 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.1%. The firm is expected to report its next quarterly earnings results on Friday, February 21st.
According to Zacks, analysts expect that Enbridge will report full year earnings of $2.08 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.24. For the next year, analysts expect that the company will report earnings of $1.99 per share, with EPS estimates ranging from $1.94 to $2.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Enbridge.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Enbridge had a net margin of 12.07% and a return on equity of 8.31%. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same period last year, the firm earned $0.55 earnings per share.
ENB has been the topic of a number of recent research reports. Wells Fargo & Co increased their price objective on shares of Enbridge from $51.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays downgraded shares of Enbridge from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $51.00 in a research note on Tuesday, October 15th. Scotiabank upgraded shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. US Capital Advisors reiterated an “overweight” rating on shares of Enbridge in a research note on Friday, October 25th. Finally, ValuEngine downgraded shares of Enbridge from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.75.
Shares of NYSE ENB traded down $0.44 during midday trading on Thursday, reaching $37.62. 3,589,418 shares of the company’s stock traded hands, compared to its average volume of 3,377,439. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.94. The stock’s 50 day simple moving average is $36.34 and its 200-day simple moving average is $35.50. Enbridge has a one year low of $28.82 and a one year high of $38.77. The company has a market cap of $76.67 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.87 and a beta of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.561 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.24 dividend on an annualized basis and a yield of 5.96%. Enbridge’s dividend payout ratio is presently 109.27%.
A number of large investors have recently bought and sold shares of ENB. Neville Rodie & Shaw Inc. lifted its position in Enbridge by 47.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 27,735 shares of the pipeline company’s stock valued at $1,001,000 after acquiring an additional 8,945 shares during the last quarter. Thomasville National Bank lifted its position in Enbridge by 3.2% during the second quarter. Thomasville National Bank now owns 432,168 shares of the pipeline company’s stock valued at $15,592,000 after acquiring an additional 13,370 shares during the last quarter. Fulton Bank N.A. purchased a new stake in Enbridge during the second quarter valued at approximately $853,000. OLD Point Trust & Financial Services N A raised its holdings in shares of Enbridge by 0.9% in the second quarter. OLD Point Trust & Financial Services N A now owns 150,216 shares of the pipeline company’s stock worth $5,420,000 after buying an additional 1,397 shares during the last quarter. Finally, Montecito Bank & Trust raised its holdings in shares of Enbridge by 6.3% in the second quarter. Montecito Bank & Trust now owns 8,286 shares of the pipeline company’s stock worth $299,000 after buying an additional 488 shares during the last quarter. 54.84% of the stock is owned by institutional investors.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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