Enbridge (ENB) earnings: expect -38% EPS decline

12:48 pm ET, 09 May 2019

Enbridge (ENB) is announcing earnings on May 10 before market opening. We combed through analyst estimates to understand what the company revenue and earnings are predicted to look like.

What should you expect from the upcoming earnings?

Earnings per share are expected to come in at $0.51. If this materializes, EPS will decline -38% year-over-year.

How did the stock do last month?

Over the last month, Enbridge (ENB) returned -0.54%.

How is the stock valued?

Enbridge (ENB) forward P/E ratio is 20.02, and it’s high compared to its industry peers’ P/E ratios.

What do analysts say about the stock?

Enbridge (ENB) average analyst price target is 10.03% above its current price ($36.90).

For the latest price and information on Enbridge, please visit Finstead and ask for "ENB", "ENB analysis" or "ENB news".

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Enbridge: New Dividend Plan

4:53 am ET, 04 Dec 2017

oil pipeline

Enbridge recently announced a 10% dividend growth in 2018 ahead of its upcoming investor day later this month. The Company also announced that it intends to increase its dividend at the same 10% rate through 2020, which is the period covered in its new strategic plan. With the new dividend, the stock is currently yielding a healthy 5.9%, which sits above the average in the Canadian midstream sector.

Under the new plan, the company also announced that it intends to issue 33 million common shares for gross proceeds of CAD 1.5 billion. The equity offering is expected to close by the end of December. With the proceeds, Enbridge intends to pay down its short-term debt with the potential to invest it in capital projects. 

The Company also plans to sell certain noncore assets as it sets its sights on deleveraging the balance sheet. Enbridge is targeting asset sales of approximately CAD 3 billion in 2018. Management intends to provide more details at the investor day.

Over the last year, ENB has returned -7.44%. This return is higher than Oil & Gas Pipelines industry (-9.57%), but lower than Basic Materials sector (2.68%) and S&P 500 (20.59%) returns.

ENB price target upside (measured as a difference between average analyst price target and current stock price) is 22.45% (visit Finbot and type ENB upside).

Enbridge Inc (ENB) Stock Guide

Updated at: 7:06 pm ET, 17 Sep 2020

Before we start: if you're looking for ENB stock price, you can quickly find it out by visiting Finny and typing "ENB quote". If you're looking for a quick scoop on ENB stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "ENB". You'll get all this info in one place. Or you can just type "ENB news" to get the latest stock news.

Looking to buy or sell Enbridge Inc (ENB)? Interested in getting the full scoop on ENB, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this ENB stock guide, we'll address key questions about ENB, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are ENB earnings?
2. What is ENB dividend?
3. What is ENB dividend yield?
4. What is ENB stock forecast (i.e., prediction)?
5. ENB buy or sell? What is ENB Finny Score?
6. What are the reasons to buy ENB? Why should I buy ENB stock?
7. What are the reasons to sell ENB? Why should I sell ENB stock?
8. What are ENB key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are ENB earnings?

ENB trailing 12-month earnings per share (EPS) is $0.73.

2. What is ENB dividend?

ENB forward dividend is $2.44.

3. What is ENB dividend yield?

ENB forward dividend yield is 7.63%.

Analyst Predictions

4. What is ENB stock forecast (i.e., prediction)?

Based on ENB analyst price targets, ENB stock forecast is $45.03 (for a year from now). That means the average analyst price target for ENB stock is $45.03. The prediction is based on 12 analyst estimates.

The low price target for ENB is $32.78, while the high price target is $55.13.

ENB analyst rating is Buy.

Analysis

5. ENB buy or sell? What is ENB Finny Score?

#{finnyScore:67}Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell ENB, resulting in Finny Score of 67.

6. What are the reasons to buy ENB? Why should I buy ENB stock?

Here are the reasons to buy ENB stock:

7. What are the reasons to sell ENB? Why should I sell ENB stock?

Let's look at the reasons to sell ENB stock (i.e., the bear case):

  • ENB quarterly revenue growth was -40.00%, lower than the industry and sector average revenue growth (0.89% and -0.04%, respectively). See ENB revenue growth chart.
  • ENB short interest (days to cover the shorts) ratio is 6.07. The stock garners more short interest than the average industry, sector or S&P 500 stock. See ENB short interest ratio chart.

Key Stats

8. What are ENB key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for ENB:

Metrics ENB
Price $29.05
Average Price Target / Upside $41.66 / 43.38%
Average Analyst Rating Buy
Forward Dividend Yield 8.39%
Industry Oil & Gas Midstream
Sector Energy
Number of Employees 12,000
Market Cap $59.82B
Forward P/E Ratio 14.94
Price/Book Ratio N/A
Revenue (TTM) N/A
YoY Quarterly Revenue Growth -40.00%
Profit Margin 5.23%

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