Analysts Expect Eni S.p.A. (NYSE:E) Will Announce Earnings of $1.56 Per Share

Brokerages expect that Eni S.p.A. (NYSE:EGet Rating) will post earnings of $1.56 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for ENI’s earnings. ENI reported earnings of $0.10 per share during the same quarter last year, which indicates a positive year over year growth rate of 1,460%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that ENI will report full-year earnings of $6.26 per share for the current financial year, with EPS estimates ranging from $5.42 to $7.38. For the next year, analysts expect that the firm will report earnings of $5.43 per share, with EPS estimates ranging from $3.83 to $7.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover ENI.

ENI (NYSE:EGet Rating) last announced its quarterly earnings data on Friday, February 18th. The oil and gas exploration company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The business had revenue of $30.97 billion for the quarter. ENI had a net margin of 7.81% and a return on equity of 11.25%.

Several research analysts have recently weighed in on E shares. HSBC upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of ENI from €14.70 ($15.81) to €14.90 ($16.02) and gave the company a “buy” rating in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. assumed coverage on shares of ENI in a research report on Thursday, February 17th. They set an “overweight” rating for the company. Sanford C. Bernstein raised shares of ENI from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 4th. Finally, AlphaValue raised shares of ENI to a “reduce” rating in a research report on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ENI currently has an average rating of “Buy” and a consensus target price of $36.32.

Shares of E stock traded down $0.09 during trading hours on Thursday, hitting $30.69. 6,494 shares of the company were exchanged, compared to its average volume of 591,112. The firm has a market cap of $55.33 billion, a PE ratio of 7.85, a PEG ratio of 0.48 and a beta of 0.93. ENI has a 1 year low of $21.91 and a 1 year high of $32.56. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $29.79 and a 200 day moving average of $28.95.

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 8th. Investors of record on Tuesday, May 24th will be paid a dividend of $0.9356 per share. The ex-dividend date of this dividend is Monday, May 23rd. This is a boost from ENI’s previous semi-annual dividend of $0.72. This represents a yield of 3.8%. ENI’s dividend payout ratio (DPR) is 36.22%.

A number of hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in ENI by 2.7% in the fourth quarter. State Street Corp now owns 14,517 shares of the oil and gas exploration company’s stock valued at $401,000 after buying an additional 380 shares during the last quarter. Lindbrook Capital LLC lifted its stake in ENI by 18.9% in the fourth quarter. Lindbrook Capital LLC now owns 2,508 shares of the oil and gas exploration company’s stock valued at $69,000 after buying an additional 398 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in ENI by 59.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,303 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 488 shares during the last quarter. Fieldpoint Private Securities LLC lifted its stake in ENI by 94.7% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,100 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 535 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of ENI by 3.0% during the fourth quarter. Eagle Asset Management Inc. now owns 18,668 shares of the oil and gas exploration company’s stock valued at $514,000 after purchasing an additional 550 shares during the period. Institutional investors own 1.20% of the company’s stock.

About ENI (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; Eni gas e luce, Power & Renewables; and Corporate and Other activities segments.

Featured Articles

Get a free copy of the Zacks research report on ENI (E)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ENI (NYSE:E)

Receive News & Ratings for ENI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI and related companies with MarketBeat.com's FREE daily email newsletter.