Enbridge (ENB) to Release Quarterly Earnings on Friday

Enbridge (NYSE:ENB) (TSE:ENB) is scheduled to be announcing its earnings results before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. The firm had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $9 billion. Enbridge had a return on equity of 10.53% and a net margin of 13.59%. On average, analysts expect Enbridge to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Enbridge Stock Performance

Shares of Enbridge stock opened at $37.42 on Thursday. The company has a market cap of $81.48 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. Enbridge has a 52 week low of $31.03 and a 52 week high of $38.37. The business has a 50 day moving average price of $35.85 and a 200-day moving average price of $35.63. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.35.

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be given a dividend of $0.669 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Thursday, August 15th. Enbridge’s payout ratio is 136.04%.

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.