Wall Street brokerages expect that Enable Midstream Partners, LP (NYSE:ENBL) will announce earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Enable Midstream Partners,’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.23. Enable Midstream Partners, reported earnings of $0.26 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.2%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Enable Midstream Partners, will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $0.88. For the next year, analysts expect that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.81 to $0.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Enable Midstream Partners,.

Enable Midstream Partners, (NYSE:ENBL) last posted its earnings results on Tuesday, August 1st. The pipeline company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. The business had revenue of $626 million during the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The company’s revenue was up 18.3% on a year-over-year basis.

ENBL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Credit Suisse Group raised shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and upped their price target for the company from $18.00 to $20.00 in a report on Monday, May 8th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.25 price target (up previously from $14.00) on shares of Enable Midstream Partners, in a report on Thursday, June 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a report on Tuesday, June 6th. Finally, TheStreet raised shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Enable Midstream Partners, has an average rating of “Hold” and a consensus price target of $16.91.

In other news, major shareholder Arclight Capital Partners, Llc sold 4,910 shares of Enable Midstream Partners, stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $16.01, for a total value of $78,609.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sean Trauschke bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $70,250. The disclosure for this purchase can be found here. In the last three months, insiders have sold 29,601 shares of company stock worth $473,667.

Several hedge funds have recently bought and sold shares of the company. Heritage Trust Co bought a new stake in Enable Midstream Partners, during the first quarter valued at approximately $100,000. The Manufacturers Life Insurance Company boosted its stake in Enable Midstream Partners, by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock worth $107,000 after buying an additional 497 shares during the period. Pointe Capital Management LLC acquired a new stake in Enable Midstream Partners, during the first quarter worth about $198,000. BNP Paribas Arbitrage SA acquired a new stake in Enable Midstream Partners, during the first quarter worth about $210,000. Finally, Proficio Capital Partners LLC acquired a new stake in Enable Midstream Partners, during the first quarter worth about $215,000. Institutional investors and hedge funds own 18.04% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/enable-midstream-partners-lp-enbl-expected-to-post-earnings-of-0-21-per-share/1530004.html.

Enable Midstream Partners, (NYSE ENBL) traded down 0.35% during trading on Tuesday, hitting $14.21. The stock had a trading volume of 63,088 shares. Enable Midstream Partners, has a 52-week low of $13.53 and a 52-week high of $17.36. The firm has a market cap of $6.15 billion, a PE ratio of 16.86 and a beta of 1.98. The company’s 50 day moving average is $14.93 and its 200 day moving average is $15.77.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.318 per share. The ex-dividend date is Friday, August 18th. This represents a $1.27 annualized dividend and a yield of 8.92%. Enable Midstream Partners,’s payout ratio is 147.68%.

Enable Midstream Partners, Company Profile

Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.

Get a free copy of the Zacks research report on Enable Midstream Partners, (ENBL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Enable Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.