The upcoming earnings report for ED is set for Wednesday, May 6th, with a consensus estimate EPS of 2.28.
Consolidated Edison, Inc. is currently priced at $109.97, reflecting a $1.15 increase (1.05%) from the previous close. Trading volume stands at $360,116, representing a 16.68% increase relative to the average.
In the latest quarterly earnings report on Wednesday, February 18th, ED exceeded expectations with a consensus estimate EPS of 0.84.
ED offers a forward dividend yield of 3.23%, with a dividend per share MRQ of 88.75 cents and a TTM of $3.44.
Morgan Stanley recently maintained an "Overweight" grade for ED, with a current price of $109.
ED showcased a robust financial position with a net change in cash of $1.45 billion and operating cash flow of $1.48 billion.
ED reported a net income of $297 million, translating to an EPS of 82 cents, with revenue reaching $4.00 billion.
Key ratios for ED include a net profit margin of 7.43%, return on equity of 1.23%, and a price-to-earnings ratio of 30.18.
The balance sheet highlights total assets of $74.60 billion and total liabilities of $50.41 billion, emphasizing a strong financial position for ED.
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 3.5 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 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.