Equities analysts expect Enable Midstream Partners LP (NYSE:ENBL) to report earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Enable Midstream Partners’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.21. Enable Midstream Partners reported earnings of $0.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is scheduled to issue its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Enable Midstream Partners will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.91 to $1.07. For the next fiscal year, analysts anticipate that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.89 to $1.19. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Enable Midstream Partners.
Enable Midstream Partners (NYSE:ENBL) last announced its earnings results on Thursday, August 2nd. The pipeline company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Enable Midstream Partners had a net margin of 14.03% and a return on equity of 5.91%. The business had revenue of $805.00 million for the quarter, compared to the consensus estimate of $772.28 million. During the same quarter in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis.
Several equities research analysts recently commented on the company. Stifel Nicolaus set a $19.00 target price on Enable Midstream Partners and gave the company a “hold” rating in a research report on Sunday, August 5th. ValuEngine upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 17th. Wells Fargo & Co upped their price target on Enable Midstream Partners from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th. Finally, Citigroup downgraded Enable Midstream Partners from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Monday, June 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.44.
Shares of Enable Midstream Partners stock traded down $0.12 on Monday, hitting $15.63. 7,298 shares of the company’s stock traded hands, compared to its average volume of 853,540. Enable Midstream Partners has a one year low of $12.89 and a one year high of $19.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.34 and a quick ratio of 0.31. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.12 and a beta of 1.76.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Tuesday, August 21st were paid a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date of this dividend was Monday, August 20th. Enable Midstream Partners’s dividend payout ratio (DPR) is currently 138.04%.
A number of hedge funds have recently bought and sold shares of ENBL. Archford Capital Strategies LLC raised its stake in Enable Midstream Partners by 101.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,857 shares of the pipeline company’s stock worth $134,000 after buying an additional 3,954 shares during the period. Bank of Montreal Can purchased a new stake in shares of Enable Midstream Partners in the second quarter worth approximately $170,000. The Manufacturers Life Insurance Company raised its stake in shares of Enable Midstream Partners by 79.8% in the first quarter. The Manufacturers Life Insurance Company now owns 12,752 shares of the pipeline company’s stock worth $175,000 after purchasing an additional 5,661 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of Enable Midstream Partners in the second quarter worth approximately $201,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Enable Midstream Partners in the second quarter worth approximately $268,000. 20.01% of the stock is currently owned by institutional investors and hedge funds.
About Enable Midstream Partners
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
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