Brokerages Anticipate Eni SpA (NYSE:E) Will Announce Earnings of -$0.16 Per Share

Wall Street analysts expect that Eni SpA (NYSE:E) will report ($0.16) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for ENI’s earnings. ENI reported earnings of $0.36 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 144.4%. The business is scheduled to report its next quarterly earnings results on Friday, July 24th.

On average, analysts expect that ENI will report full-year earnings of ($0.37) per share for the current year, with EPS estimates ranging from ($1.22) to $0.14. For the next fiscal year, analysts anticipate that the company will post earnings of $0.76 per share, with EPS estimates ranging from $0.41 to $1.20. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for ENI.

ENI (NYSE:E) last released its earnings results on Friday, April 24th. The oil and gas exploration company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.10). ENI had a negative net margin of 5.78% and a positive return on equity of 3.97%. The firm had revenue of $15.54 billion during the quarter.

E has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “underperform” rating on shares of ENI in a report on Monday, April 27th. DZ Bank reaffirmed a “sell” rating on shares of ENI in a report on Tuesday, March 10th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Tuesday, April 28th. Morgan Stanley raised ENI from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 17th. Finally, Berenberg Bank reissued a “hold” rating on shares of ENI in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. ENI has an average rating of “Hold” and a consensus target price of $22.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of ENI by 69.9% in the fourth quarter. Advisory Services Network LLC now owns 933 shares of the oil and gas exploration company’s stock valued at $29,000 after buying an additional 384 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of ENI in the fourth quarter valued at $4,644,000. Lindbrook Capital LLC grew its stake in shares of ENI by 44.1% in the first quarter. Lindbrook Capital LLC now owns 2,175 shares of the oil and gas exploration company’s stock valued at $43,000 after buying an additional 666 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ENI by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 24,145 shares of the oil and gas exploration company’s stock valued at $747,000 after buying an additional 724 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of ENI by 4.8% in the fourth quarter. Eagle Asset Management Inc. now owns 18,970 shares of the oil and gas exploration company’s stock valued at $587,000 after buying an additional 867 shares in the last quarter. 1.55% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:E traded up $0.07 during midday trading on Friday, hitting $18.03. The company had a trading volume of 327,532 shares, compared to its average volume of 359,529. ENI has a twelve month low of $12.10 and a twelve month high of $33.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.15 and a quick ratio of 1.01. The stock has a market cap of $32.63 billion, a price-to-earnings ratio of -7.58 and a beta of 0.73. The business’s 50-day simple moving average is $19.01 and its 200-day simple moving average is $25.54.

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, May 19th will be paid a $0.9341 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a dividend yield of 7.4%. ENI’s payout ratio is presently 73.74%.

ENI Company Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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Earnings History and Estimates for ENI (NYSE:E)

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