Enbridge (ENB) Scheduled to Post Quarterly Earnings on Friday

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB is scheduled to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $9.62 billion. On average, analysts expect Enbridge to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Enbridge Stock Performance

Shares of NYSE:ENB traded down $0.08 during trading hours on Friday, hitting $36.34. The stock had a trading volume of 4,207,722 shares, compared to its average volume of 5,835,232. The stock's fifty day simple moving average is $35.29 and its 200 day simple moving average is $34.89. The firm has a market capitalization of $77.26 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.36 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. Enbridge has a 1-year low of $31.03 and a 1-year high of $40.30.

Enbridge Increases Dividend

The firm 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 $0.677 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.66. This represents a $2.71 annualized dividend and a yield of 7.45%. The ex-dividend date is Tuesday, May 14th. Enbridge's dividend payout ratio (DPR) is currently 127.14%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group initiated coverage on Enbridge in a research note on Tuesday, February 27th. They issued a "buy" rating for the company. Stifel Nicolaus started coverage on shares of Enbridge in a research report on Thursday, January 18th. They issued a "hold" rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $55.20.

Enbridge Company Profile

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.