Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) is scheduled to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. 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
NYSE ENB opened at $36.83 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The firm has a market capitalization of $78.30 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 3.43 and a beta of 0.83. The company’s fifty day moving average is $35.41 and its two-hundred day moving average is $35.02. Enbridge has a 52-week low of $31.03 and a 52-week high of $40.30.
Enbridge Increases Dividend
Analyst Upgrades and Downgrades
A number of brokerages have commented on ENB. Jefferies Financial Group began coverage on shares of Enbridge in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Stifel Nicolaus initiated coverage on Enbridge in a research note on Thursday, January 18th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and a consensus target price of $55.20.
Get Our Latest Stock Report on ENB
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.
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