Enbridge (ENB) to Release Earnings on Friday

Enbridge (TSE:ENB) (NYSE:ENB) will be issuing its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of C$0.80 per share for the quarter.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The company reported C$0.64 EPS for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The firm had revenue of C$11.30 billion during the quarter, compared to analyst estimates of C$12.99 billion. Enbridge had a return on equity of 9.47% and a net margin of 14.18%.

Enbridge Stock Up 1.1 %

Shares of TSE ENB opened at C$51.15 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.44 and a debt-to-equity ratio of 127.95. The firm has a market capitalization of C$108.95 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The firm’s 50-day moving average is C$48.20 and its 200-day moving average is C$47.46. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$53.72.

Enbridge Announces Dividend

The firm 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 $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 7.16%. The ex-dividend date is Tuesday, May 14th. Enbridge’s payout ratio is 128.87%.

Analyst Upgrades and Downgrades

ENB has been the topic of several analyst reports. Barclays cut their target price on Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. Royal Bank of Canada dropped their price objective on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. National Bankshares upped their price objective on Enbridge from C$51.00 to C$52.00 in a research report on Thursday, March 7th. Jefferies Financial Group lowered their target price on Enbridge from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus reduced their price target on Enbridge from C$52.00 to C$51.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$52.94.

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.