Consolidated Edison (NYSE:ED) is scheduled to announce its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Consolidated Edison has set its FY19 guidance at $4.25-4.45 EPS.
Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Consolidated Edison had a net margin of 11.03% and a return on equity of 8.31%. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business earned $1.38 earnings per share. On average, analysts expect Consolidated Edison to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
ED stock opened at $85.40 on Wednesday. Consolidated Edison has a 52 week low of $73.29 and a 52 week high of $90.51. The company has a quick ratio of 0.54, a current ratio of 0.60 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $87.92. The company has a market capitalization of $28.24 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 9.93 and a beta of 0.12.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.74 per share. The ex-dividend date is Tuesday, August 13th. This represents a $2.96 annualized dividend and a yield of 3.47%. Consolidated Edison’s dividend payout ratio (DPR) is currently 68.52%.
ED has been the subject of several research reports. Morgan Stanley set a $18.00 price objective on shares of PG&E and gave the company a “hold” rating in a research report on Friday, June 14th. Bank of America set a $275.00 price objective on shares of SVB Financial Group and gave the company a “buy” rating in a research report on Friday, April 26th. KeyCorp initiated coverage on shares of Southern in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Credit Suisse Group set a $199.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Barclays reiterated a “hold” rating and set a $14.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Consolidated Edison has a consensus rating of “Hold” and a consensus target price of $84.19.
Consolidated Edison Company Profile
Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,622 customers in parts of Manhattan.
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