Scotiabank Weighs in on Enbridge’s FY2027 Earnings (TSE:ENB)

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Scotiabank increased their FY2027 earnings per share estimates for shares of Enbridge in a research report issued on Thursday, May 14th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.38 for the year, up from their previous estimate of $3.37. Scotiabank currently has a “Sector Outperform” rating and a $78.00 target price on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Several other analysts have also weighed in on ENB. Barclays lifted their price objective on shares of Enbridge from C$68.00 to C$73.00 in a research note on Tuesday, April 7th. ATB Cormark Capital Markets raised their price target on shares of Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. downgraded shares of Enbridge from an “overweight” rating to a “neutral” rating and decreased their price target for the company from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Royal Bank Of Canada upped their price objective on shares of Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a report on Monday. Finally, TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$70.00 to C$72.00 in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$74.27.

Enbridge Price Performance

Shares of ENB opened at C$77.08 on Friday. The firm has a market cap of C$168.32 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.72 and a beta of 0.87. Enbridge has a 52-week low of C$59.68 and a 52-week high of C$77.18. The business’s 50 day moving average price is C$73.95 and its two-hundred day moving average price is C$69.44. The company has a debt-to-equity ratio of 168.58, a quick ratio of 0.44 and a current ratio of 0.81.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, May 8th. The company reported C$0.98 EPS for the quarter. Enbridge had a return on equity of 11.41% and a net margin of 9.73%.The company had revenue of C$22.36 billion for the quarter.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, June 1st will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 5.0%. Enbridge’s payout ratio is presently 128.73%.

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.