What is Zacks Research's Forecast for ED FY2025 Earnings?

Key Points

• Zacks Research has decreased its FY2025 earnings per share estimate for Consolidated Edison to $5.61, down slightly from a previous estimate of $5.62.
• The company recently announced a quarterly dividend of $0.85 per share, with a 3.5% annualized dividend yield and a payout ratio of 61.71%.
• Consolidated Edison has received mixed ratings from analysts, with three "Buy" ratings, six "Hold" ratings, and three "Sell" ratings and an average target price of $105.82.

Consolidated Edison Inc (NYSE:ED - Free Report) - Zacks Research decreased their FY2025 earnings per share estimates for shares of Consolidated Edison in a research note issued to investors on Wednesday, September 10th. Zacks Research analyst Team now expects that the utilities provider will earn $5.61 per share for the year, down from their prior estimate of $5.62. The consensus estimate for Consolidated Edison's current full-year earnings is $5.62 per share. Zacks Research also issued estimates for Consolidated Edison's Q4 2025 earnings at $0.89 EPS, Q4 2026 earnings at $1.38 EPS and FY2026 earnings at $5.98 EPS.

Several other equities research analysts have also commented on ED. Morgan Stanley reissued an "underweight" rating on shares of Consolidated Edison in a report on Thursday, August 21st. Barclays lifted their target price on shares of Consolidated Edison from $101.00 to $107.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Scotiabank upped their price target on shares of Consolidated Edison from $101.00 to $106.00 and gave the stock a "sector perform" rating in a research report on Monday, August 11th. Bank of America cut Consolidated Edison from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $112.00 to $101.00 in a report on Friday, August 15th. Finally, KeyCorp reiterated an "overweight" rating on shares of Consolidated Edison in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Consolidated Edison currently has an average rating of "Hold" and an average target price of $105.82.

Consolidated Edison Trading Up 0.6%

Shares of ED stock opened at $97.71 on Friday. Consolidated Edison has a 1-year low of $87.28 and a 1-year high of $114.87. The company has a market cap of $35.24 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.70 and a beta of 0.28. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.10 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $100.97 and a 200-day simple moving average of $103.90.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company earned $0.59 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Hedge Funds Weigh In On Consolidated Edison

Institutional investors have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new stake in Consolidated Edison in the 1st quarter valued at $32,000. Fort Vancouver Investment Management LLC acquired a new position in shares of Consolidated Edison during the 1st quarter valued at about $33,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of Consolidated Edison in the first quarter valued at about $33,000. Cary Street Partners Investment Advisory LLC increased its position in Consolidated Edison by 64.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 305 shares of the utilities provider's stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Consolidated Edison by 53.2% during the second quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider's stock worth $32,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 13th. Consolidated Edison's payout ratio is currently 61.71%.

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.

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