What is Scotiabank’s Forecast for Enbridge FY2027 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Investment analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of Enbridge in a note issued to investors on Tuesday, July 7th. Scotiabank analyst R. Hope now expects that the company will earn $3.34 per share for the year, down from their prior estimate of $3.38. Scotiabank currently has a “Sector Outperform” rating and a $78.00 target price on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Several other analysts also recently issued reports on ENB. Raymond James Financial upped their price objective on shares of Enbridge from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. TD lifted their target price on shares of Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a report on Thursday, June 25th. Barclays upped their price target on shares of Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. Royal Bank Of Canada raised their price target on Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, National Bank Financial lifted their price objective on Enbridge from C$73.00 to C$81.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Enbridge presently has an average rating of “Moderate Buy” and an average price target of C$75.50.

Enbridge Trading Down 0.1%

Shares of ENB stock opened at C$78.04 on Thursday. Enbridge has a 12 month low of C$59.68 and a 12 month high of C$80.65. The company has a quick ratio of 0.44, a current ratio of 0.81 and a debt-to-equity ratio of 168.58. The business’s 50 day moving average is C$77.16 and its two-hundred day moving average is C$72.56. The company has a market cap of C$170.42 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.72 and a beta of 0.73.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.98 earnings per share for the quarter. The business had revenue of C$22.36 billion for the quarter. Enbridge had a return on equity of 11.11% and a net margin of 9.43%.

Insider Buying and Selling at Enbridge

In other news, Director Mayank Mulraj Ashar sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of C$78.87, for a total transaction of C$236,610.00. Following the transaction, the director owned 42,000 shares in the company, valued at approximately C$3,312,540. The trade was a 6.67% decrease in their position. Also, insider Melissa Marie Laforge sold 855 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the transaction, the insider owned 7,904 shares in the company, valued at approximately C$633,584.64. The trade was a 9.76% decrease in their position. Insiders sold a total of 8,855 shares of company stock worth $695,547 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a yield of 5.0%. Enbridge’s dividend payout ratio is 128.73%.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.