Equities research analysts expect Enable Midstream Partners LP (NYSE:ENBL) to announce $0.22 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Enable Midstream Partners’ earnings. The highest EPS estimate is $0.26 and the lowest is $0.19. Enable Midstream Partners posted earnings of $0.26 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The company is expected to announce its next quarterly earnings results before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Enable Midstream Partners will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $1.02. For the next financial year, analysts expect that the company will post earnings of $1.02 per share, with EPS estimates ranging from $0.85 to $1.14. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Enable Midstream Partners.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings results on Tuesday, February 20th. The pipeline company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $806.00 million for the quarter, compared to analyst estimates of $678.22 million. Enable Midstream Partners had a return on equity of 5.81% and a net margin of 15.23%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share.
Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in shares of Enable Midstream Partners by 127.3% in the fourth quarter. Jane Street Group LLC now owns 227,318 shares of the pipeline company’s stock valued at $3,232,000 after buying an additional 127,318 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Enable Midstream Partners by 8.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,340,938 shares of the pipeline company’s stock valued at $33,288,000 after buying an additional 187,104 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Enable Midstream Partners by 75.5% in the fourth quarter. Guggenheim Capital LLC now owns 338,284 shares of the pipeline company’s stock valued at $4,810,000 after buying an additional 145,563 shares in the last quarter. EnTrustPermal Partners Offshore LP purchased a new stake in shares of Enable Midstream Partners in the fourth quarter valued at approximately $2,956,000. Finally, Deutsche Bank AG boosted its stake in shares of Enable Midstream Partners by 1,139.7% in the fourth quarter. Deutsche Bank AG now owns 501,262 shares of the pipeline company’s stock valued at $7,126,000 after buying an additional 460,827 shares in the last quarter. Hedge funds and other institutional investors own 18.25% of the company’s stock.
Shares of NYSE:ENBL traded up $0.11 during trading on Tuesday, reaching $13.81. The company had a trading volume of 80,682 shares, compared to its average volume of 272,728. The firm has a market cap of $5,826.88, a P/E ratio of 15.01, a PEG ratio of 2.39 and a beta of 1.80. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 0.36. Enable Midstream Partners has a fifty-two week low of $12.89 and a fifty-two week high of $16.98.
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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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