What is Scotiabank’s Estimate for Enbridge FY2027 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at Scotiabank cut their FY2027 EPS estimates for Enbridge in a research note issued to investors on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $3.34 per share for the year, down from their prior forecast of $3.38. Scotiabank has a “Sector Outperform” rating and a $78.00 price objective on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. Enbridge had a net margin of 9.43% and a return on equity of 11.11%. The firm had revenue of C$22.36 billion for the quarter.

ENB has been the subject of several other research reports. National Bank Financial increased their price target on shares of Enbridge from C$73.00 to C$81.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Raymond James Financial lifted their price objective on Enbridge from C$78.00 to C$80.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Barclays upped their price objective on Enbridge from C$68.00 to C$73.00 in a research note on Tuesday, April 7th. TD increased their target price on Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada raised their target price on Enbridge from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$75.50.

Enbridge Price Performance

TSE:ENB opened at C$78.04 on Thursday. The company has a debt-to-equity ratio of 168.58, a quick ratio of 0.44 and a current ratio of 0.81. The company has a 50-day moving average of C$77.16 and a 200-day moving average of C$72.56. Enbridge has a 52 week low of C$59.68 and a 52 week high of C$80.65. The company has a market capitalization of C$170.42 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.72 and a beta of 0.73.

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were given a dividend of $0.97 per share. The ex-dividend date was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 5.0%. Enbridge’s dividend payout ratio (DPR) is 128.73%.

Insider Activity

In related news, Director Mayank Mulraj Ashar sold 5,000 shares of Enbridge stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of C$78.08, for a total transaction of C$390,400.00. Following the completion of the transaction, the director directly owned 45,000 shares of the company’s stock, valued at C$3,513,600. This trade represents a 10.00% decrease in their position. Also, insider Melissa Marie Laforge sold 855 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the completion of the transaction, the insider owned 7,904 shares in the company, valued at approximately C$633,584.64. This trade represents a 9.76% decrease in their ownership of the stock. Insiders have sold a total of 8,855 shares of company stock valued at $695,547 over the last three months. 0.10% of the stock is currently owned by insiders.

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.