FY2027 Earnings Estimate for Enbridge Issued By Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for Enbridge to $3.26 from $3.25 and maintained a “Sector Outperform” rating with an $84.00 price target.
• Analyst sentiment is mixed: five firms rate Enbridge a Buy and seven rate it a Hold, producing an overall “Hold” consensus and an average price target of C$76.75.
• Enbridge declared a quarterly dividend of $0.97, equivalent to $3.88 annually and a 5.5% yield, although its dividend payout ratio is elevated at 147.68%.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Scotiabank increased their FY2027 earnings per share estimates for shares of Enbridge in a report issued on Friday, August 28th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $3.26 per share for the year, up from their previous forecast of $3.25. Scotiabank has a "Sector Outperform" rating and a $84.00 price target on the stock. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

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

Several other research firms have also recently commented on ENB. US Capital Advisors upgraded Enbridge from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 20th. Raymond James Financial lowered shares of Enbridge from a "moderate buy" rating to a "hold" rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Enbridge from C$76.00 to C$79.00 and gave the company an "outperform" rating in a research note on Monday, May 11th. National Bank Financial upped their price objective on shares of Enbridge from C$73.00 to C$81.00 and gave the stock a "sector perform" rating in a research report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce upgraded shares of Enbridge from a "hold" rating to an "outperformer" rating and raised their target price for the stock from C$77.00 to C$78.00 in a research note on Friday. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$76.75.

Enbridge Trading Up 0.7%

TSE:ENB opened at C$70.22 on Tuesday. The firm has a market cap of C$153.37 billion, a P/E ratio of 27.11, a PEG ratio of 1.72 and a beta of 0.74. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59. The stock's 50 day simple moving average is C$75.23 and its 200-day simple moving average is C$74.91. Enbridge has a 12-month low of C$62.42 and a 12-month high of C$80.65.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, August 14th. Enbridge's dividend payout ratio (DPR) is currently 147.68%.

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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