What is Scotiabank’s Forecast for Enbridge FY2027 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Analysts at Scotiabank boosted their FY2027 EPS estimates for Enbridge in a report released on Thursday, May 14th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $3.38 per share for the year, up from their previous estimate of $3.37. Scotiabank has a “Sector Outperform” rating and a $78.00 price target on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, May 8th. The company reported C$0.98 EPS for the quarter. Enbridge had a net margin of 9.73% and a return on equity of 11.41%. The firm had revenue of C$22.36 billion for the quarter.

Several other research analysts have also recently weighed in on the company. Raymond James Financial boosted their price objective on Enbridge from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. cut Enbridge from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Barclays boosted their price target on shares of Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$70.00 to C$72.00 in a report on Tuesday, February 17th. Finally, Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$71.00 to C$76.00 in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$74.27.

Enbridge Stock Performance

Shares of ENB opened at C$77.08 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.44 and a debt-to-equity ratio of 168.58. The company has a market capitalization of C$168.32 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.72 and a beta of 0.87. The stock has a 50 day moving average of C$73.95 and a 200 day moving average of C$69.44. Enbridge has a 12 month low of C$59.68 and a 12 month high of C$77.18.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 5.0%. Enbridge’s 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.