Enbridge (NYSE:ENB) (TSE:ENB) issued its earnings results on Wednesday. The pipeline company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15, Briefing.com reports. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $8.54 billion. Enbridge had a return on equity of 8.61% and a net margin of 5.17%. During the same period in the prior year, the company posted $0.67 earnings per share.
ENB traded down $0.20 during midday trading on Friday, reaching $32.00. 2,646,005 shares of the company were exchanged, compared to its average volume of 2,689,048. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 0.61. Enbridge has a one year low of $22.57 and a one year high of $43.15. The stock has a market capitalization of $64.81 billion, a P/E ratio of 45.71, a PEG ratio of 1.72 and a beta of 0.83. The stock’s 50-day simple moving average is $30.73 and its 200 day simple moving average is $33.26.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.6021 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.41 dividend on an annualized basis and a yield of 7.53%. This is a boost from Enbridge’s previous quarterly dividend of $0.57. Enbridge’s dividend payout ratio (DPR) is 115.00%.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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