FY2026 Earnings Forecast for Enbridge Issued By Scotiabank

Key Points

• Scotiabank forecasts Enbridge EPS of $2.94 for FY2026 and $3.26 for FY2027, below the current full-year consensus estimate of $3.51. The firm maintains a “Strong Buy” rating.
• Analyst sentiment has improved, with several firms upgrading Enbridge to Buy or Outperform; the stock has a consensus “Moderate Buy” rating and an average price target of C$77.62.
• Enbridge recently declared a quarterly dividend of $0.97 per share, equivalent to an annualized $3.88 dividend and a 5.7% yield, although its payout ratio is elevated at 147.68%.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Scotiabank issued their FY2026 earnings per share estimates for Enbridge in a research report issued on Thursday, September 17th. Scotiabank analyst R. Hope forecasts that the company will post earnings per share of $2.94 for the year. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $3.26 EPS.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its earnings results on Friday, July 31st. The company reported C$0.63 EPS for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The company had revenue of C$29.32 billion during the quarter.

Several other analysts also recently commented on the company. Canadian Imperial Bank of Commerce raised Enbridge from a "hold" rating to an "outperformer" rating and increased their price objective for the stock from C$77.00 to C$78.00 in a research note on Friday, August 28th. TD raised Enbridge from a "hold" rating to a "buy" rating and cut their target price for the company from C$82.00 to C$81.00 in a research report on Tuesday, September 15th. TD Securities upgraded Enbridge from a "hold" rating to a "strong-buy" rating in a report on Monday, September 14th. BMO Capital Markets raised Enbridge from a "hold" rating to an "outperform" rating and increased their price target for the company from C$79.00 to C$79.50 in a research report on Tuesday, September 15th. Finally, National Bank Financial upgraded Enbridge from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$81.00 to C$82.00 in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$77.62.

Enbridge Price Performance

Shares of TSE ENB opened at C$68.14 on Monday. The stock has a market cap of C$148.83 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.72 and a beta of 0.69. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.44 and a current ratio of 0.72. Enbridge has a fifty-two week low of C$62.42 and a fifty-two week high of C$80.65. The firm's 50-day simple moving average is C$72.61 and its 200 day simple moving average is C$74.62.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.97 per share. The ex-dividend date was Friday, August 14th. This represents a $3.88 annualized dividend and a yield of 5.7%. Enbridge's dividend payout ratio is presently 147.68%.

Insiders Place Their Bets

In related news, Director Gregory Lorne Ebel bought 7,105 shares of Enbridge stock in a transaction dated Monday, September 14th. The stock was purchased at an average cost of C$66.85 per share, with a total value of C$474,969.25. Following the transaction, the director directly owned 589,721 shares of the company's stock, valued at approximately C$39,422,848.85. The trade was a 1.22% increase in their ownership of the stock. Insiders own 0.10% of the company's stock.

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.

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