Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) is set to release its earnings data 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 listening to the company’s conference call can do so using this link.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.13. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period in the prior year, the company earned $0.51 earnings per share. 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 $40.42 on Wednesday. Enbridge has a 12 month low of $31.47 and a 12 month high of $42.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.68. The stock has a market capitalization of $86.24 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 4.00 and a beta of 0.93. The firm’s fifty day simple moving average is $40.66 and its 200-day simple moving average is $37.85.
Wall Street Analysts Forecast Growth
About Enbridge
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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