FY2026 Earnings Estimate for Enbridge Issued By Scotiabank

Key Points

• Scotiabank estimates Enbridge will report FY2026 EPS of $2.11, close to the $2.12 consensus, and forecasts FY2027 EPS of $2.34. The firm maintains a “Strong Buy” rating.
• Enbridge’s latest quarterly results exceeded expectations, with EPS of $0.46 versus the $0.43 consensus and revenue of $9.70 billion compared with $8.67 billion expected.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $71.17 price target. Enbridge also offers a quarterly dividend of $0.97 per share, representing an annualized yield of approximately 8.0%.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Investment analysts at Scotiabank issued their FY2026 earnings per share estimates for Enbridge in a research report issued to clients and investors on Thursday, September 17th. Scotiabank analyst R. Hope forecasts that the pipeline company will post earnings per share of $2.11 for the year. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $2.12 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $2.34 EPS.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The business had revenue of $9.70 billion during the quarter, compared to analysts' expectations of $8.67 billion. During the same period in the prior year, the firm posted $0.65 EPS.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada increased their price target on shares of Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. National Bank Financial upgraded shares of Enbridge from a "sector perform" rating to an "outperform" rating in a report on Tuesday, September 15th. Jefferies Financial Group restated a "hold" rating on shares of Enbridge in a report on Monday, September 14th. Canadian Imperial Bank of Commerce raised shares of Enbridge from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, August 27th. Finally, TD Securities initiated coverage on shares of Enbridge in a research note on Monday, September 14th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.17.

Enbridge Price Performance

ENB stock opened at $48.68 on Monday. The business has a 50 day moving average price of $52.03 and a 200 day moving average price of $53.73. The stock has a market cap of $108.50 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 5.75 and a beta of 0.57. Enbridge has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.69.

Institutional Investors Weigh In On Enbridge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Retirement Planning Group LLC raised its position in shares of Enbridge by 3.6% in the first quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company's stock valued at $290,000 after purchasing an additional 187 shares during the period. Bank & Trust Co boosted its holdings in shares of Enbridge by 0.6% during the 2nd quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company's stock worth $1,804,000 after buying an additional 193 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Enbridge by 0.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company's stock worth $1,710,000 after buying an additional 194 shares during the period. PFG Investments LLC grew its stake in Enbridge by 0.9% in the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company's stock valued at $1,202,000 after buying an additional 202 shares during the last quarter. Finally, Clearwave Capital LLC grew its stake in Enbridge by 0.9% in the 2nd quarter. Clearwave Capital LLC now owns 22,033 shares of the pipeline company's stock valued at $1,194,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 annualized dividend and a yield of 8.0%. Enbridge's payout ratio is 147.06%.

About Enbridge

Enbridge Inc is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1949 as Interprovincial Pipe Line, the company has grown into one of North America's largest energy delivery businesses, operating primarily in Canada and the United States.

Enbridge's operations include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas distribution and utility services. Its pipeline systems transport energy products from producing regions to refineries, export facilities, utilities and other customers.

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