Enable Midstream Partners, LP (ENBL) Expected to Post Earnings of $0.21 Per Share
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.
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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.
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