Equities analysts predict that Enbridge Inc. (NYSE:ENB) (TSE:ENB) will announce $0.62 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enbridge’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.60. Enbridge reported earnings of $0.43 per share in the same quarter last year, which indicates a positive year over year growth rate of 44.2%. The firm is expected to report its next earnings results on Friday, February 11th.
According to Zacks, analysts expect that Enbridge will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.18 to $2.28. For the next year, analysts anticipate that the business will report earnings of $2.49 per share, with EPS estimates ranging from $2.24 to $2.68. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Enbridge.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 5th. The pipeline company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Enbridge had a return on equity of 9.76% and a net margin of 13.47%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the prior year, the firm posted $0.36 EPS.
A number of research analysts have recently issued reports on ENB shares. Tudor Pickering reiterated a “buy” rating and set a C$54.00 target price on shares of Enbridge in a research report on Friday, November 5th. Royal Bank of Canada decreased their target price on Enbridge from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday, November 29th. The Goldman Sachs Group increased their target price on Enbridge from C$41.00 to C$43.00 and gave the company a “neutral” rating in a research report on Monday, September 13th. TD Securities increased their target price on Enbridge from C$55.00 to C$57.00 and gave the company a “buy” rating in a research report on Monday, November 8th. Finally, Credit Suisse Group lowered Enbridge from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Monday, October 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $53.00.
Enbridge stock traded up $0.01 during mid-day trading on Friday, hitting $37.79. The company had a trading volume of 5,375,957 shares, compared to its average volume of 6,084,551. Enbridge has a 12-month low of $31.61 and a 12-month high of $43.35. The company has a market capitalization of $76.56 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.83 and a beta of 0.86. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The company’s fifty day moving average is $40.74 and its 200-day moving average is $39.94.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Tuesday, February 15th will be paid a $0.673 dividend. This represents a $2.69 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date is Monday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 120.27%.
Institutional investors and hedge funds have recently modified their holdings of the business. Consolidated Planning Corp acquired a new stake in shares of Enbridge in the 3rd quarter worth $25,000. Isthmus Partners LLC acquired a new stake in shares of Enbridge in the 2nd quarter worth $26,000. Mascoma Wealth Management LLC acquired a new stake in shares of Enbridge in the 3rd quarter worth $26,000. BDO Wealth Advisors LLC increased its stake in shares of Enbridge by 222.4% in the 2nd quarter. BDO Wealth Advisors LLC now owns 793 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 547 shares during the last quarter. Finally, PSI Advisors LLC acquired a new stake in shares of Enbridge in the 3rd quarter worth $33,000. 47.95% of the stock is owned by institutional investors and hedge funds.
About Enbridge
Enbridge, Inc engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution & Storage, Gas Transmission & Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.