Enbridge (ENB) to Release Quarterly Earnings on Friday

Enbridge (NYSE:ENB) (TSE:ENB) is scheduled to post its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect Enbridge to post earnings of $0.59 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data 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). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. 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

Enbridge stock opened at $36.44 on Friday. The company has a market capitalization of $77.47 billion, a P/E ratio of 17.35, a P/E/G ratio of 3.36 and a beta of 0.83. The business has a 50 day moving average of $35.29 and a 200-day moving average of $34.89. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. Enbridge has a 1 year low of $31.03 and a 1 year high of $40.30.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Tuesday, May 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.66. Enbridge’s dividend payout ratio is currently 129.05%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ENB shares. Stifel Nicolaus started coverage on Enbridge in a report on Thursday, January 18th. They set a “hold” rating on the stock. Jefferies Financial Group initiated coverage on Enbridge in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average price target of $55.20.

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.