What is Scotiabank’s Forecast for Enbridge FY2026 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of Enbridge in a report released on Thursday, February 19th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $3.08 for the year, down from their prior forecast of $3.09. Scotiabank has a “Outperform” rating and a $77.00 price target on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.37 EPS.

A number of other research firms also recently issued reports on ENB. BMO Capital Markets boosted their target price on shares of Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. ATB Cormark Capital Markets raised their target price on Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce dropped their price objective on shares of Enbridge from C$71.00 to C$69.00 in a research note on Wednesday, December 17th. TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating and boosted their target price for the company from C$70.00 to C$72.00 in a research note on Tuesday. Finally, Raymond James Financial upped their price objective on shares of Enbridge from C$75.00 to C$77.00 and gave the stock a “moderate buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$73.31.

Enbridge Stock Performance

ENB opened at C$70.65 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a 12-month low of C$56.51 and a 12-month high of C$73.71. The firm has a 50 day moving average of C$66.29 and a two-hundred day moving average of C$66.66. The firm has a market capitalization of C$154.15 billion, a PE ratio of 21.94, a P/E/G ratio of 1.72 and a beta of 0.95.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share (EPS) for the quarter. The firm had revenue of C$17.18 billion during the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Sunday, March 1st will be paid a $0.97 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Enbridge’s payout ratio is 117.08%.

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.