After finishing at $34.54 in the prior trading day, Enbridge Inc (NYSE: ENB) closed at $34.55, up 0.03%. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 4346462 shares were traded.
Ratios:
Our goal is to gain a better understanding of ENB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.35. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.23.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENB now has a Market Capitalization of 74.02B and an Enterprise Value of 134.52B. As of this moment, Enbridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.45, and their Forward P/E ratio for the next fiscal year is 15.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 3.08 whereas that against EBITDA is 8.23.
Stock Price History:
Over the past 52 weeks, ENB has reached a high of $40.30, while it has fallen to a 52-week low of $31.03. The 50-Day Moving Average of the stock is 35.14, while the 200-Day Moving Average is calculated to be 34.95.
Shares Statistics:
The stock has traded on average 5.51M shares per day over the past 3-months and 4.17M shares per day over the last 10 days, according to various share statistics. A total of 2.12B shares are outstanding, with a floating share count of 2.12B. Insiders hold about 0.12% of the company’s shares, while institutions hold 52.06% stake in the company. Shares short for ENB as of Mar 28, 2024 were 24.51M with a Short Ratio of 4.57, compared to 23.17M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.15% and a Short% of Float of 1.15%.
Dividends & Splits
In the trailing 12 months, ENB’s forward annual dividend rate was 3.55, compared to 2.64 this year. Against a Trailing Annual Dividend Yield of 10.28%, it implies a Forward Annual Dividend Yield of 7.80%. The stock’s 5-year Average Dividend Yield is 6.80. The current Payout Ratio is 125.12% for ENB, which recently paid a dividend on Mar 01, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on Jun 01, 2011 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $0.65 and a low estimate of $0.5, while EPS last year was $0.64. The consensus estimate for the next quarter is $0.46, with high estimates of $0.51 and low estimates of $0.41.
Analysts are recommending an EPS of between $2.25 and $1.88 for the fiscal current year, implying an average EPS of $2.08. EPS for the following year is $2.19, with 11 analysts recommending between $2.33 and $2.02.
Revenue Estimates
2 analysts predict $9.9B in revenue for the current quarter. It ranges from a high estimate of $10.86B to a low estimate of $8.93B. As of the current estimate, Enbridge Inc’s year-ago sales were $12.07B, an estimated decrease of -18.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $7.76B, an increase of 1.50% over than the figure of -$18.00% in the same quarter last year. There is a high estimate of $8.56B for the next quarter, whereas the lowest estimate is $6.97B.
A total of 5 analysts have provided revenue estimates for ENB’s current fiscal year. The highest revenue estimate was $35.12B, while the lowest revenue estimate was $30.67B, resulting in an average revenue estimate of $33.58B. In the same quarter a year ago, actual revenue was $32.16B, up 4.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $35.13B in the next fiscal year. The high estimate is $37.27B and the low estimate is $31.55B. The average revenue growth estimate for next year is up 4.60% from the average revenue estimate for this year.
