Enbridge (NYSE:ENB - Get Free Report) TSE: ENB will release its earnings data before the market opens on Friday, November 1st. Analysts expect Enbridge to post earnings of $0.45 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.13. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. The business had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $4.28 billion. During the same period last year, the company posted $0.51 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 Down 0.4 %
Shares of NYSE ENB traded down $0.18 during trading on Friday, hitting $40.95. 3,118,752 shares of the company traded hands, compared to its average volume of 2,646,088. The firm has a market capitalization of $89.18 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 4.00 and a beta of 0.93. The business's fifty day moving average is $40.55 and its 200 day moving average is $37.68. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. Enbridge has a fifty-two week low of $31.31 and a fifty-two week high of $42.16.
Enbridge Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a $0.669 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date was Thursday, August 15th. Enbridge's payout ratio is 137.50%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ENB shares. Jefferies Financial Group cut Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Morgan Stanley began coverage on Enbridge in a report on Friday. They issued an "equal weight" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Enbridge presently has an average rating of "Hold" and an average target price of $55.00.
Check Out Our Latest Analysis on Enbridge
About Enbridge
(
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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.
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