$1.53 Earnings Per Share Expected for Eni S.p.A. (NYSE:E) This Quarter

Brokerages forecast that Eni S.p.A. (NYSE:EGet Rating) will report earnings of $1.53 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for ENI’s earnings. ENI posted earnings per share of $0.58 in the same quarter last year, which suggests a positive year over year growth rate of 163.8%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that ENI will report full year earnings of $6.72 per share for the current financial year, with EPS estimates ranging from $6.26 to $7.48. For the next year, analysts anticipate that the firm will post earnings of $5.35 per share, with EPS estimates ranging from $4.05 to $6.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow ENI.

ENI (NYSE:EGet Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas exploration company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.48. The company had revenue of $33.79 billion during the quarter. ENI had a return on equity of 17.57% and a net margin of 9.44%.

Several analysts have recently issued reports on E shares. StockNews.com started coverage on shares of ENI in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. HSBC upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Monday, March 21st. Royal Bank of Canada raised their target price on shares of ENI from €14.00 ($14.89) to €14.50 ($15.43) in a research report on Tuesday, May 3rd. Zacks Investment Research downgraded ENI from a “strong-buy” rating to a “hold” rating and set a $29.00 price target for the company. in a report on Tuesday, May 10th. Finally, Morgan Stanley raised their target price on ENI from €15.30 ($16.28) to €15.40 ($16.38) and gave the company an “equal weight” rating in a report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $31.23.

NYSE E opened at $30.17 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.23. The business has a fifty day moving average price of $29.15 and a 200 day moving average price of $29.04. The company has a market cap of $54.39 billion, a P/E ratio of 5.41, a P/E/G ratio of 0.43 and a beta of 0.90. ENI has a one year low of $21.91 and a one year high of $32.56.

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Tuesday, May 24th will be paid a $0.9356 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Monday, May 23rd. This is an increase from ENI’s previous semi-annual dividend of $0.72. ENI’s dividend payout ratio (DPR) is currently 25.45%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Altium Wealth Management LLC grew its holdings in ENI by 10.3% during the 4th quarter. Altium Wealth Management LLC now owns 24,637 shares of the oil and gas exploration company’s stock valued at $681,000 after purchasing an additional 2,308 shares in the last quarter. Advisor Partners LLC grew its holdings in ENI by 6.0% during the 4th quarter. Advisor Partners LLC now owns 12,916 shares of the oil and gas exploration company’s stock worth $358,000 after acquiring an additional 729 shares in the last quarter. Moors & Cabot Inc. acquired a new position in ENI during the 3rd quarter worth $251,000. Van ECK Associates Corp acquired a new position in ENI during the 4th quarter worth $525,000. Finally, Qube Research & Technologies Ltd acquired a new position in ENI during the 4th quarter worth $2,713,000. 1.23% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile (Get Rating)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

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