Enbridge Inc. (TSE:ENB – Free Report) (NYSE:ENB) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Enbridge in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst P. Kenny expects that the company will earn $0.75 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $2.84 per share.
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last released its quarterly earnings results on Friday, February 9th. The company reported C$0.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The firm had revenue of C$11.30 billion during the quarter, compared to analyst estimates of C$12.99 billion. Enbridge had a return on equity of 9.47% and a net margin of 14.18%.
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Enbridge Price Performance
Shares of TSE:ENB opened at C$48.86 on Thursday. The business’s fifty day moving average price is C$47.68 and its two-hundred day moving average price is C$47.11. The stock has a market cap of C$104.07 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83. Enbridge has a one year low of C$42.75 and a one year high of C$54.05.
Enbridge Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.49%. Enbridge’s dividend payout ratio is presently 128.87%.
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.
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