Consolidated Edison (ED) Projected to Post Quarterly Earnings on Thursday

Consolidated Edison (NYSE:ED - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect Consolidated Edison to post earnings of $2.30 per share and revenue of $4.21 billion for the quarter. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. On average, analysts expect Consolidated Edison to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Consolidated Edison Stock Performance

Consolidated Edison stock traded up $1.06 during midday trading on Tuesday, hitting $112.19. 2,000,414 shares of the company were exchanged, compared to its average volume of 2,211,500. The business has a fifty day simple moving average of $107.07 and a two-hundred day simple moving average of $99.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01. The firm has a market capitalization of $40.41 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. Consolidated Edison has a fifty-two week low of $87.28 and a fifty-two week high of $114.87.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.03%. Consolidated Edison's payout ratio is 64.89%.

Institutional Investors Weigh In On Consolidated Edison

A hedge fund recently raised its stake in Consolidated Edison stock. Revolve Wealth Partners LLC grew its holdings in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,721 shares of the utilities provider's stock after purchasing an additional 441 shares during the quarter. Revolve Wealth Partners LLC's holdings in Consolidated Edison were worth $332,000 at the end of the most recent quarter. 66.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ED shares. Barclays lifted their target price on shares of Consolidated Edison from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Tuesday, April 22nd. Morgan Stanley set a $94.00 target price on shares of Consolidated Edison and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Scotiabank lifted their target price on shares of Consolidated Edison from $100.00 to $101.00 and gave the company a "sector perform" rating in a report on Monday, February 24th. UBS Group lifted their target price on shares of Consolidated Edison from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Mizuho lifted their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $103.60.

About Consolidated Edison

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 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 1,530 customers in parts of Manhattan.