Enbridge (ENB) to Release Quarterly Earnings on Friday

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB is anticipated to post its Q4 2024 quarterly earnings results before the market opens on Friday, February 14th. Analysts expect Enbridge to post earnings of $0.52 per share and revenue of $4.78 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same quarter last year, the company earned $0.64 earnings per share. On average, analysts expect Enbridge to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Enbridge Stock Performance

ENB traded down $2.33 on Friday, hitting $43.13. The company's stock had a trading volume of 5,862,322 shares, compared to its average volume of 4,078,409. Enbridge has a 12 month low of $32.85 and a 12 month high of $45.78. The firm has a market cap of $93.95 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 4.08 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The company's 50 day simple moving average is $43.33 and its 200-day simple moving average is $41.70.

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Enbridge Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's payout ratio is currently 121.76%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENB. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price target (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Morgan Stanley initiated coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.00.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.