Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) is scheduled to post its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect Enbridge to post earnings of $0.45 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.13. Enbridge had a net margin of 13.31% and a return on equity of 10.07%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the business earned $0.51 EPS. On average, analysts expect Enbridge to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Enbridge Trading Down 0.2 %
NYSE:ENB opened at $41.15 on Friday. Enbridge has a 52 week low of $31.31 and a 52 week high of $42.16. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. The firm’s fifty day moving average is $40.50 and its 200-day moving average is $37.66. The firm has a market cap of $87.81 billion, a P/E ratio of 20.89, a P/E/G ratio of 3.94 and a beta of 0.93.
Enbridge Cuts Dividend
Analyst Ratings Changes
Separately, Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th.
Check Out Our Latest Stock Report on Enbridge
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.
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