ENI (E) Set to Announce Earnings on Friday

ENI (NYSE:E) will post its quarterly earnings results before the market opens on Friday, July 26th. Analysts expect ENI to post earnings of $1.12 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

E stock opened at $30.20 on Thursday. The company has a market cap of $50.98 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.50 and a beta of 0.96. ENI has a fifty-two week low of $28.82 and a fifty-two week high of $34.30. The stock’s 50 day simple moving average is $30.75 and its 200 day simple moving average is $31.51. 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 Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on E shares. Morgan Stanley initiated coverage on ENI in a research report on Wednesday, July 3rd. They set an “equal weight” rating for the company. Stifel Nicolaus lowered ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Finally, Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, ENI presently has an average 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.