What is Scotiabank’s Forecast for Enbridge FY2026 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at Scotiabank dropped their FY2026 earnings per share estimates for Enbridge in a research report issued to clients and investors on Friday, April 17th. Scotiabank analyst R. Hope now forecasts that the company will earn $3.03 per share for the year, down from their prior estimate of $3.08. Scotiabank has a “Outperform” rating and a $77.00 price target on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, February 13th. The company reported C$0.88 EPS for the quarter. Enbridge had a return on equity of 12.34% and a net margin of 11.50%.The company had revenue of C$17.18 billion during the quarter.

A number of other equities research analysts also recently issued reports on ENB. ATB Cormark Capital Markets upped their price objective on Enbridge from C$72.00 to C$78.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Barclays increased their price target on Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. Raymond James Financial increased their price target on Enbridge from C$75.00 to C$77.00 and gave the stock a “moderate buy” rating in a report on Tuesday, February 17th. TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating and increased their price target for the stock from C$70.00 to C$72.00 in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. downgraded Enbridge from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from C$74.00 to C$69.00 in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and a consensus price target of C$73.58.

Enbridge Price Performance

Shares of Enbridge stock opened at C$70.98 on Tuesday. The stock has a 50 day moving average of C$73.32 and a 200 day moving average of C$68.72. Enbridge has a 12 month low of C$59.68 and a 12 month high of C$77.18. The firm has a market cap of C$154.90 billion, a PE ratio of 22.04, a PEG ratio of 1.72 and a beta of 0.79. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 170.86.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 5.5%. The ex-dividend date was Tuesday, February 17th. This is an increase from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio (DPR) is 117.08%.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.