Analysts Expect Eni SpA (NYSE:E) Will Post Earnings of -$0.16 Per Share

Wall Street analysts expect Eni SpA (NYSE:E) to report earnings per share (EPS) of ($0.16) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for ENI’s earnings. ENI posted earnings per share of $0.36 in the same quarter last year, which would indicate a negative year over year growth rate of 144.4%. The company is scheduled to report its next quarterly earnings results on Friday, July 24th.

According to Zacks, 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 firm will report earnings of $0.76 per share, with EPS estimates ranging from $0.41 to $1.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow ENI.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, April 24th. The oil and gas exploration company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ 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.

Several equities analysts recently issued reports on E shares. Morgan Stanley raised shares of ENI from an “underweight” rating to an “equal weight” rating in a report on Friday, April 17th. Sanford C. Bernstein cut shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, March 9th. DZ Bank restated a “sell” rating on shares of ENI in a research report on Tuesday, March 10th. Citigroup restated a “neutral” rating on shares of ENI in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of ENI in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.50.

Shares of E traded up $0.07 during mid-day trading on Friday, hitting $18.03. 327,532 shares of the company’s stock were exchanged, compared to its average volume of 359,529. The firm has a fifty day moving average of $19.01 and a two-hundred day moving average of $25.54. ENI has a twelve month low of $12.10 and a twelve month high of $33.52. 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 company has a quick ratio of 1.01, a current ratio of 1.15 and a debt-to-equity ratio of 0.54.

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

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC grew its position in shares of ENI by 69.9% during the 4th quarter. Advisory Services Network LLC now owns 933 shares of the oil and gas exploration company’s stock worth $29,000 after buying an additional 384 shares during the period. Sunbelt Securities Inc. acquired a new position in ENI during the fourth quarter valued at approximately $4,644,000. Lindbrook Capital LLC grew its holdings in ENI by 44.1% during 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 purchasing an additional 666 shares during the period. Geode Capital Management LLC grew its holdings in ENI by 3.1% during 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 purchasing an additional 724 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in ENI by 4.8% during 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 purchasing an additional 867 shares during the period. Institutional investors own 1.55% of the company’s stock.

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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