Q4 2024 Earnings Forecast for Enbridge Inc. Issued By Atb Cap Markets (TSE:ENB)

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Stock analysts at Atb Cap Markets cut their Q4 2024 EPS estimates for Enbridge in a report released on Sunday, May 12th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.63 for the quarter, down from their previous estimate of $0.69. The consensus estimate for Enbridge's current full-year earnings is $2.81 per share. Atb Cap Markets also issued estimates for Enbridge's FY2025 earnings at $3.11 EPS and FY2026 earnings at $3.25 EPS.

Other analysts also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Enbridge from C$52.00 to C$54.00 and gave the company a "market perform" rating in a research report on Monday. Jefferies Financial Group boosted their price objective on Enbridge from C$53.00 to C$55.00 in a research report on Monday. National Bankshares increased their target price on Enbridge from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Monday. Scotiabank boosted their price target on Enbridge from C$50.00 to C$54.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Royal Bank of Canada cut their price objective on shares of Enbridge from C$55.00 to C$54.00 and set an "outperform" rating for the company in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Enbridge currently has a consensus rating of "Moderate Buy" and an average target price of C$53.50.

Enbridge Stock Performance

Shares of TSE:ENB traded down C$1.18 during mid-day trading on Tuesday, reaching C$50.50. 24,480,457 shares of the company traded hands, compared to its average volume of 7,930,351. Enbridge has a 52 week low of C$42.75 and a 52 week high of C$52.34. The firm has a market cap of C$107.57 billion, a PE ratio of 17.80, a PEG ratio of 0.75 and a beta of 0.89. The company's 50 day moving average price is C$48.56 and its 200-day moving average price is C$47.66. The company has a debt-to-equity ratio of 127.95, a current ratio of 0.83 and a quick ratio of 0.44.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last released its quarterly earnings results on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.68 by C($0.04). Enbridge had a net margin of 14.18% and a return on equity of 9.47%. The company had revenue of C$11.30 billion for the quarter, compared to the consensus estimate of C$12.99 billion.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Tuesday, May 14th. Enbridge's dividend payout ratio is currently 128.87%.

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.