Enable Midstream Partners, LP (NYSE:ENBL) Expected to Announce Earnings of $0.13 Per Share

Equities analysts expect Enable Midstream Partners, LP (NYSE:ENBL) to announce $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Enable Midstream Partners’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.13. Enable Midstream Partners posted earnings per share of $0.07 in the same quarter last year, which suggests a positive year-over-year growth rate of 85.7%. The firm is expected to issue its next earnings results on Wednesday, August 4th.

On average, analysts expect that Enable Midstream Partners will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.72. For the next year, analysts expect that the firm will report earnings of $0.57 per share, with EPS estimates ranging from $0.44 to $0.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Enable Midstream Partners.

Enable Midstream Partners (NYSE:ENBL) last released its earnings results on Sunday, May 2nd. The pipeline company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.16. Enable Midstream Partners had a net margin of 5.03% and a return on equity of 5.31%. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $741.79 million. During the same period in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 49.7% compared to the same quarter last year.

A number of research analysts have recently weighed in on ENBL shares. Mizuho reissued a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Enable Midstream Partners in a research report on Monday, March 8th. Zacks Investment Research downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 2nd. Wells Fargo & Company raised their price objective on shares of Enable Midstream Partners from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, May 13th. Finally, Barclays raised shares of Enable Midstream Partners from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $5.00 to $7.00 in a report on Tuesday, March 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Enable Midstream Partners presently has a consensus rating of “Hold” and an average price target of $6.65.

Shares of Enable Midstream Partners stock traded up $0.19 on Friday, reaching $9.67. 11,242 shares of the company traded hands, compared to its average volume of 1,298,339. Enable Midstream Partners has a 52 week low of $3.94 and a 52 week high of $9.53. The business has a 50 day moving average of $7.87. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 47.40 and a beta of 2.49. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 0.46.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 25th. Investors of record on Thursday, May 13th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 6.83%. The ex-dividend date was Wednesday, May 12th. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 95.65%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Investment Advisory LLC lifted its stake in Enable Midstream Partners by 5.9% in the 4th quarter. Vident Investment Advisory LLC now owns 69,450 shares of the pipeline company’s stock worth $365,000 after purchasing an additional 3,875 shares in the last quarter. FormulaFolio Investments LLC purchased a new stake in Enable Midstream Partners in the 4th quarter worth approximately $60,000. Alps Advisors Inc. lifted its stake in Enable Midstream Partners by 6.2% in the 1st quarter. Alps Advisors Inc. now owns 11,936,279 shares of the pipeline company’s stock worth $77,347,000 after purchasing an additional 694,521 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Enable Midstream Partners by 23.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,146,324 shares of the pipeline company’s stock valued at $16,550,000 after buying an additional 594,149 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Enable Midstream Partners by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 6,509,913 shares of the pipeline company’s stock valued at $34,242,000 after buying an additional 239,000 shares in the last quarter. Institutional investors and hedge funds own 11.90% of the company’s stock.

About Enable Midstream Partners

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers.

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