Enable Midstream Partners LP (NYSE:ENBL) Expected to Announce Earnings of $0.24 Per Share

Wall Street analysts expect Enable Midstream Partners LP (NYSE:ENBL) to report earnings per share of $0.24 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enable Midstream Partners’ earnings. Enable Midstream Partners reported earnings per share of $0.38 in the same quarter last year, which would suggest a negative year over year growth rate of 36.8%. The firm is expected to report its next earnings report on Tuesday, February 18th.

According to Zacks, analysts expect that Enable Midstream Partners will report full year earnings of $1.04 per share for the current financial year. For the next financial year, analysts anticipate that the company will report earnings of $0.94 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Enable Midstream Partners.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Enable Midstream Partners had a return on equity of 7.65% and a net margin of 17.36%. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $890.64 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was down 24.7% on a year-over-year basis.

A number of research firms have recently commented on ENBL. ValuEngine upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. UBS Group decreased their price objective on Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. TheStreet cut Enable Midstream Partners from a “b-” rating to a “c+” rating in a research report on Tuesday, October 15th. Barclays set a $14.00 price objective on Enable Midstream Partners and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Zacks Investment Research cut Enable Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.43.

In other Enable Midstream Partners news, Director Sean Trauschke acquired 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $9.70 per share, with a total value of $97,000.00. Following the acquisition, the director now directly owns 17,500 shares of the company’s stock, valued at approximately $169,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Enable Midstream Partners by 4.1% in the 2nd quarter. Royal Bank of Canada now owns 28,807 shares of the pipeline company’s stock valued at $395,000 after buying an additional 1,144 shares in the last quarter. Infrastructure Capital Advisors LLC increased its position in Enable Midstream Partners by 2.0% in the 2nd quarter. Infrastructure Capital Advisors LLC now owns 97,454 shares of the pipeline company’s stock valued at $1,355,000 after acquiring an additional 1,870 shares during the period. Arrow Investment Advisors LLC increased its position in Enable Midstream Partners by 13.5% in the 3rd quarter. Arrow Investment Advisors LLC now owns 32,145 shares of the pipeline company’s stock valued at $387,000 after acquiring an additional 3,813 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Enable Midstream Partners by 1.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 303,955 shares of the pipeline company’s stock valued at $4,167,000 after purchasing an additional 3,887 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Enable Midstream Partners in the 3rd quarter valued at $63,000. 17.85% of the stock is owned by hedge funds and other institutional investors.

Shares of ENBL traded up $0.08 during mid-day trading on Wednesday, reaching $10.45. The company’s stock had a trading volume of 27,488 shares, compared to its average volume of 994,149. Enable Midstream Partners has a 12-month low of $8.82 and a 12-month high of $16.49. The stock has a market cap of $4.51 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.51 and a quick ratio of 0.45. The company’s 50 day moving average is $9.85 and its 200 day moving average is $11.64.

Enable Midstream Partners Company Profile

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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