Scotiabank Weighs in on Enbridge's FY2026 Earnings (TSE:ENB)

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Enbridge to $2.96 from $3.00, while maintaining a “Sector Outperform” rating and C$84 price target. It forecasts FY2027 EPS of $3.25, compared with the current full-year consensus estimate of $3.51.
• Enbridge reported quarterly EPS of C$0.63 on revenue of C$29.32 billion, with a 7.28% net margin and 10.01% return on equity. Analyst sentiment is mixed, with a consensus “Hold” rating and C$76 average target price.
• The company declared a quarterly dividend of C$0.97, equivalent to C$3.88 annually and a 5.3% yield; its payout ratio stands at 147.68%.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Scotiabank decreased their FY2026 earnings estimates for shares of Enbridge in a report issued on Tuesday, August 4th. Scotiabank analyst R. Hope now forecasts that the company will earn $2.96 per share for the year, down from their prior estimate of $3.00. Scotiabank currently has a "Sector Outperform" rating and a $84.00 price objective 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 $3.25 EPS.

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

A number of other analysts also recently issued reports on ENB. Raymond James Financial downgraded Enbridge from a "moderate buy" rating to a "hold" rating in a report on Friday, July 31st. TD increased their price objective on Enbridge from C$79.00 to C$81.00 and gave the company a "hold" rating in a report on Thursday, June 25th. National Bank Financial raised their target price on 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, Royal Bank Of Canada boosted their target price on Enbridge from C$76.00 to C$79.00 and gave the stock an "outperform" rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Enbridge has a consensus rating of "Hold" and a consensus target price of C$76.00.

Enbridge Stock Performance

TSE:ENB opened at C$72.71 on Thursday. The firm has a market capitalization of C$158.80 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74. The business's fifty day moving average price is C$77.80 and its 200 day moving average price is C$74.43. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44. Enbridge has a 12 month low of C$62.42 and a 12 month high of C$80.65.

Insiders Place Their Bets

In other Enbridge news, insider Melissa Marie Laforge sold 855 shares of the company's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total value of C$68,536.80. Following the completion of the transaction, the insider owned 7,904 shares in the company, valued at C$633,584.64. This represents a 9.76% decrease in their ownership of the stock. Also, Director Mayank Mulraj Ashar sold 3,000 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$78.87, for a total transaction of C$236,610.00. Following the completion of the transaction, the director owned 42,000 shares of the company's stock, valued at C$3,312,540. This represents a 6.67% decrease in their position. Over the last three months, insiders sold 8,855 shares of company stock valued at $695,547. 0.10% of the stock is owned by corporate insiders.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 5.3%. Enbridge's payout ratio is 147.68%.

About Enbridge

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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