Brokerages Anticipate Enable Midstream Partners, LP (NYSE:ENBL) to Announce $0.13 EPS

Brokerages predict that Enable Midstream Partners, LP (NYSE:ENBL) will announce earnings of $0.13 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enable Midstream Partners’ earnings. Enable Midstream Partners reported earnings of $0.07 per share during the same quarter last year, which would indicate a positive year over year growth rate of 85.7%. The business is expected to announce its next earnings results on Wednesday, August 4th.

On average, analysts expect that Enable Midstream Partners will report full-year earnings of $0.72 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.70 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Enable Midstream Partners.

Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings results on Sunday, May 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.16. Enable Midstream Partners had a net margin of 5.03% and a return on equity of 5.31%. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $741.79 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 49.7% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, June 2nd. Wells Fargo & Company lifted their price objective on shares of Enable Midstream Partners from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Thursday, May 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Enable Midstream Partners has a consensus rating of “Hold” and a consensus target price of $6.65.

Shares of ENBL traded up $0.01 during midday trading on Friday, hitting $8.47. 4,309 shares of the stock traded hands, compared to its average volume of 958,603. Enable Midstream Partners has a 1-year low of $3.94 and a 1-year high of $9.91. The company’s 50 day simple moving average is $8.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.34 and a quick ratio of 0.30. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 11.82 and a beta of 2.49.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 25th. Shareholders of record on Thursday, May 13th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 7.79%. The ex-dividend date was Wednesday, May 12th. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 95.65%.

Institutional investors have recently modified their holdings of the business. Barclays PLC raised its position in Enable Midstream Partners by 394.7% in the first quarter. Barclays PLC now owns 126,291 shares of the pipeline company’s stock worth $818,000 after acquiring an additional 100,762 shares in the last quarter. FormulaFolio Investments LLC bought a new stake in Enable Midstream Partners in the fourth quarter worth about $60,000. Alps Advisors Inc. raised its holdings in Enable Midstream Partners by 6.2% during the 1st quarter. Alps Advisors Inc. now owns 11,936,279 shares of the pipeline company’s stock worth $77,347,000 after buying an additional 694,521 shares during the period. JPMorgan Chase & Co. raised its holdings in Enable Midstream Partners by 23.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,146,324 shares of the pipeline company’s stock worth $16,550,000 after buying an additional 594,149 shares during the period. Finally, Toroso Investments LLC acquired a new stake in Enable Midstream Partners during the 4th quarter worth about $153,000. Hedge funds and other institutional investors own 11.90% of the company’s stock.

About Enable Midstream Partners

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers.

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