Enbridge Inc. (TSE:ENB – Free Report) (NYSE:ENB) – Atb Cap Markets raised their Q1 2024 earnings per share estimates for Enbridge in a report released on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.86 per share for the quarter, up from their prior estimate of $0.81. The consensus estimate for Enbridge’s current full-year earnings is $2.84 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2024 earnings at $2.97 EPS.
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last announced its quarterly earnings results on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). Enbridge had a return on equity of 9.47% and a net margin of 14.18%. The firm had revenue of C$11.30 billion during the quarter, compared to the consensus estimate of C$12.99 billion.
Check Out Our Latest Stock Analysis on ENB
Enbridge Trading Up 1.4 %
Shares of TSE ENB opened at C$49.52 on Friday. The company has a market cap of C$105.48 billion, a PE ratio of 17.44, a P/E/G ratio of 0.75 and a beta of 0.89. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83. The firm’s 50 day moving average price is C$47.75 and its 200-day moving average price is C$47.12. Enbridge has a 52-week low of C$42.75 and a 52-week high of C$54.05.
Enbridge Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.39%. Enbridge’s dividend payout ratio is 128.87%.
About Enbridge
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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