Enbridge (ENB) Expected to Announce Earnings on Friday

Enbridge (NYSE:ENB) (TSE:ENB) is expected to be posting its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect Enbridge to post earnings of $0.52 per share and revenue of $7.70 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Enbridge Stock Up 0.7 %

Enbridge stock opened at $44.23 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. The firm has a fifty day moving average price of $43.15 and a two-hundred day moving average price of $41.34. The firm has a market cap of $96.34 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 4.02 and a beta of 0.94.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a yield of 6.06%. Enbridge’s payout ratio is 121.76%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Securities assumed coverage on Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Morgan Stanley initiated coverage on Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.00.

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.