Zacks: Brokerages Anticipate Enbridge Inc (NYSE:ENB) to Announce $0.49 Earnings Per Share

Analysts expect that Enbridge Inc (NYSE:ENB) (TSE:ENB) will post earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Enbridge’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.52. Enbridge also posted earnings per share of $0.49 during the same quarter last year. The company is expected to announce its next earnings report on Friday, February 21st.

On average, analysts expect that Enbridge will report full-year earnings of $2.03 per share for the current year, with EPS estimates ranging from $2.00 to $2.04. For the next financial year, analysts expect that the business will post earnings of $1.99 per share, with EPS estimates ranging from $1.93 to $2.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Enbridge.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $11.65 billion. Enbridge had a net margin of 12.07% and a return on equity of 8.31%. During the same quarter last year, the business posted $0.55 EPS.

Several analysts recently issued reports on ENB shares. UBS Group upgraded shares of Enbridge from a “neutral” rating to a “buy” rating and increased their price target for the stock from $50.00 to $54.00 in a research report on Monday, November 25th. Argus started coverage on shares of Enbridge in a research report on Wednesday. They set a “buy” rating and a $44.00 price target on the stock. Jefferies Financial Group started coverage on shares of Enbridge in a research report on Thursday. They set a “hold” rating and a $54.00 price target on the stock. Evercore ISI reiterated a “hold” rating and set a $48.00 price target on shares of Enbridge in a research report on Tuesday, November 12th. Finally, US Capital Advisors reiterated an “overweight” rating on shares of Enbridge in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $46.88.

A number of institutional investors have recently modified their holdings of ENB. Strategic Blueprint LLC acquired a new stake in Enbridge in the third quarter valued at approximately $27,000. Vista Private Wealth Partners. LLC acquired a new stake in Enbridge in the third quarter valued at approximately $33,000. Bridger Capital Management LLC acquired a new stake in Enbridge in the third quarter valued at approximately $34,000. SRS Capital Advisors Inc. acquired a new stake in Enbridge in the second quarter valued at approximately $35,000. Finally, B & T Capital Management DBA Alpha Capital Management acquired a new stake in Enbridge in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 53.77% of the company’s stock.

Shares of NYSE ENB traded up $0.04 during trading hours on Friday, hitting $38.51. 2,366,596 shares of the stock were exchanged, compared to its average volume of 3,330,760. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.59. The company has a market cap of $77.94 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.86 and a beta of 0.61. The company’s fifty day simple moving average is $37.27 and its two-hundred day simple moving average is $35.60. Enbridge has a 1-year low of $28.82 and a 1-year high of $38.77.

The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 15th were given a $0.561 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.24 dividend on an annualized basis and a yield of 5.83%. This is a positive change from Enbridge’s previous quarterly dividend of $0.56. Enbridge’s dividend payout ratio (DPR) is currently 108.78%.

Enbridge Company Profile

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.

Recommended Story: FTSE 100 Index

Get a free copy of the Zacks research report on Enbridge (ENB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Enbridge (NYSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.