Enbridge Inc (NYSE:ENB) is expected to report second quarter earnings results, before market open, on Wednesday 29th July 2020.
Previous Quarter Performance
Enbridge Inc came out with income for the first quarter of $ 0.62 per share, from the revenue of $ 8,962.00 million. The quarterly earnings down 27.59 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, ENB to report 1Q20 income of $ 0.55 per share from revenue of $ 10,140.00 million. The bottom line results beat street analysts by $ 0.07 or 12.73 percent, at the same time, top line results fell short of analysts by $ 1 million or 11.62 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ENB was $ 31.58, representing a 39.92 % increase from the 52 week low of $ 22.57 and a 26.81 % decrease over the 52 week high of $ 43.15.
The company has a market capital of $ 63.70 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.81 per share on May 5, 2020. The dividend were payable on June 1, 2020 to holders of record as of the close of business on May 15, 2020 and ex-dividend date on May 14, 2020.
Conference Call
Enbridge Inc will be hosting a conference call at 9:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enbridge.com
Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services.
