Scotiabank Weighs in on Enbridge’s FY2027 Earnings (TSE:ENB)

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Research analysts at Scotiabank increased their FY2027 EPS estimates for shares of Enbridge in a report issued on Friday, August 28th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $3.26 for the year, up from their prior estimate of $3.25. Scotiabank currently has a “Sector Outperform” rating and a $84.00 target price on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Several other equities analysts also recently weighed in on the stock. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. National Bank Financial upped their price target on shares of Enbridge from C$73.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their price target on shares of Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. TD raised their price objective on shares of Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research note on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce upgraded Enbridge from a “hold” rating to an “outperformer” rating and lifted their price objective for the stock from C$77.00 to C$78.00 in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$76.75.

Enbridge Price Performance

Enbridge stock opened at C$70.22 on Tuesday. Enbridge has a 52 week low of C$62.42 and a 52 week high of C$80.65. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The firm’s 50-day simple moving average is C$75.23 and its 200 day simple moving average is C$74.91. The firm has a market capitalization of C$153.37 billion, a PE ratio of 27.11, a P/E/G ratio of 1.72 and a beta of 0.74.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, July 31st. The company reported C$0.63 earnings per share for the quarter. The company had revenue of C$29.32 billion for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is currently 147.68%.

About Enbridge

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.