FY2021 Earnings Estimate for Enbridge Inc Issued By National Bank Financial (TSE:ENB)
Enbridge Inc (TSE:ENB) (NYSE:ENB) – Analysts at National Bank Financial boosted their FY2021 earnings per share estimates for shares of Enbridge in a research report issued to clients and investors on Sunday, March 22nd. National Bank Financial analyst P. Kenny now expects that the company will earn $2.52 per share for the year, up from their prior estimate of $2.51. National Bank Financial currently has a “Outperform” rating and a $56.00 price objective on the stock.
Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings data on Friday, February 14th. The company reported C$0.61 EPS for the quarter, missing the consensus estimate of C$0.65 by C($0.04). The business had revenue of C$12.35 billion during the quarter, compared to the consensus estimate of C$12.39 billion.
ENB opened at C$40.58 on Wednesday. Enbridge has a 52 week low of C$33.06 and a 52 week high of C$57.32. The stock’s fifty day moving average is C$49.25 and its two-hundred day moving average is C$49.55. The company has a market capitalization of $75.03 billion and a P/E ratio of 15.43. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 94.99.
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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