ENI (E) Set to Announce Earnings on Friday

ENI (NYSE:E) will be releasing its earnings data before the market opens on Friday, July 26th. Analysts expect ENI to post earnings of $1.12 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

ENI (NYSE:E) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The firm had revenue of $25.16 billion for the quarter, compared to the consensus estimate of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. On average, analysts expect ENI to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ENI Stock Down 0.5 %

Shares of E opened at $30.20 on Thursday. The company has a 50-day simple moving average of $30.75 and a 200-day simple moving average of $31.51. The firm has a market capitalization of $50.98 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24. ENI has a 52 week low of $28.82 and a 52 week high of $34.30.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Tuesday, September 24th will be given a $0.372 dividend. This represents a $1.49 annualized dividend and a yield of 4.93%. The ex-dividend date is Tuesday, September 24th. This is a positive change from ENI’s previous quarterly dividend of $0.35. ENI’s dividend payout ratio is 63.79%.

Analyst Ratings Changes

Several brokerages have weighed in on E. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley started coverage on shares of ENI in a research note on Wednesday, July 3rd. They issued an “equal weight” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.