Brokerages forecast that Eni SpA (NYSE:E) will announce earnings per share (EPS) of $0.63 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for ENI’s earnings. ENI posted earnings of $0.91 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 30.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that ENI will report full year earnings of $2.31 per share for the current year, with EPS estimates ranging from $2.27 to $2.34. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.90 per share, with EPS estimates ranging from $2.71 to $3.08. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ENI.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.29). ENI had a net margin of 4.59% and a return on equity of 8.42%. The company had revenue of $21.16 billion for the quarter.

A number of research analysts have recently weighed in on E shares. Santander raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Zacks Investment Research raised shares of ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price for the company in a research report on Thursday, July 18th. Finally, Citigroup downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.00.

Hedge funds have recently made changes to their positions in the stock. Regentatlantic Capital LLC lifted its stake in ENI by 2.7% in the 1st quarter. Regentatlantic Capital LLC now owns 11,762 shares of the oil and gas exploration company’s stock worth $414,000 after purchasing an additional 313 shares in the last quarter. We Are One Seven LLC boosted its stake in shares of ENI by 4.2% during the second quarter. We Are One Seven LLC now owns 7,764 shares of the oil and gas exploration company’s stock valued at $256,000 after acquiring an additional 315 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of ENI by 19.9% during the first quarter. Global Retirement Partners LLC now owns 2,168 shares of the oil and gas exploration company’s stock valued at $76,000 after acquiring an additional 360 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of ENI by 3.4% during the second quarter. Advisor Group Inc. now owns 12,966 shares of the oil and gas exploration company’s stock valued at $429,000 after acquiring an additional 423 shares during the last quarter. Finally, Brinker Capital Inc. boosted its stake in shares of ENI by 1.1% during the first quarter. Brinker Capital Inc. now owns 40,969 shares of the oil and gas exploration company’s stock valued at $1,444,000 after acquiring an additional 429 shares during the last quarter. Institutional investors own 1.68% of the company’s stock.

Shares of ENI stock traded down $0.26 on Thursday, reaching $28.84. 300,580 shares of the company traded hands, compared to its average volume of 187,835. ENI has a 52 week low of $28.56 and a 52 week high of $39.16. The company has a 50 day moving average of $31.70 and a 200 day moving average of $33.14. The firm has a market capitalization of $53.82 billion, a PE ratio of 9.61, a PEG ratio of 3.75 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.17.

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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