$0.29 EPS Expected for Enable Midstream Partners LP (NYSE:ENBL) This Quarter

Brokerages forecast that Enable Midstream Partners LP (NYSE:ENBL) will post $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Enable Midstream Partners’ earnings. Enable Midstream Partners reported earnings of $0.30 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Enable Midstream Partners will report full year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.03 to $1.09. For the next year, analysts expect that the company will report earnings of $1.03 per share, with EPS estimates ranging from $0.98 to $1.11. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Enable Midstream Partners.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $735.00 million for the quarter, compared to analyst estimates of $914.49 million. Enable Midstream Partners had a return on equity of 7.73% and a net margin of 16.37%. Enable Midstream Partners’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share.

A number of brokerages have recently commented on ENBL. Zacks Investment Research raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets began coverage on Enable Midstream Partners in a research note on Thursday, June 20th. They set a “market perform” rating on the stock. Royal Bank of Canada set a $15.00 price target on Enable Midstream Partners and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, ValuEngine lowered Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.80.

NYSE:ENBL traded up $0.39 during trading hours on Monday, hitting $12.76. The company’s stock had a trading volume of 1,330,523 shares, compared to its average volume of 627,013. The stock has a fifty day simple moving average of $12.69 and a 200-day simple moving average of $13.59. The company has a market capitalization of $5.57 billion, a P/E ratio of 11.50, a PEG ratio of 3.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.30 and a quick ratio of 0.26. Enable Midstream Partners has a twelve month low of $11.78 and a twelve month high of $17.44.

The company also recently declared a dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.331 per share. The ex-dividend date of this dividend was Monday, August 19th. Enable Midstream Partners’s payout ratio is 118.92%.

In other news, Director Sean Trauschke purchased 2,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $12.26 per share, with a total value of $30,650.00. Following the completion of the purchase, the director now owns 7,500 shares of the company’s stock, valued at approximately $91,950. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc acquired a new position in shares of Enable Midstream Partners in the second quarter worth approximately $101,000. HighTower Advisors LLC acquired a new position in shares of Enable Midstream Partners in the second quarter worth approximately $150,000. First Republic Investment Management Inc. lifted its stake in shares of Enable Midstream Partners by 13.1% in the first quarter. First Republic Investment Management Inc. now owns 11,344 shares of the pipeline company’s stock worth $162,000 after acquiring an additional 1,316 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Enable Midstream Partners in the second quarter worth approximately $265,000. Finally, Archford Capital Strategies LLC lifted its stake in shares of Enable Midstream Partners by 212.7% in the first quarter. Archford Capital Strategies LLC now owns 24,570 shares of the pipeline company’s stock worth $352,000 after acquiring an additional 16,713 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Enable Midstream Partners Company Profile

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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