Consolidated Edison, Inc. is expected to announce its latest quarterly earnings on Wednesday, May 6th. Analysts anticipate an earnings per share of $2.28.
Today, Consolidated Edison, Inc. (ED) is trading at $110.31, up $1.48 (1.36%) from the previous close of $108.83. The trading volume is currently at $195,563, showing a 9.06% increase relative to the average volume.
In the previous quarterly earnings report on Wednesday, February 18th, Consolidated Edison, Inc. surpassed expectations with an earnings per share of 84 cents.
The company offers a forward dividend yield of 3.22%, with a dividend per share of 88.75 cents MRQ and $3.44 TTM.
Morgan Stanley recently upgraded Consolidated Edison, Inc. with an "Overweight" rating, maintaining its positive outlook on the stock.
Consolidated Edison, Inc. demonstrated strong financial management, with a net change in cash of $1.45 billion and operating cash flow of $1.48 billion.
The company reported a net income of $297 million, translating to an earnings per share of 82 cents. Operating income stood at $483 million.
Key ratios for Consolidated Edison, Inc. include a net profit margin of 7.43%, return on equity of 1.23%, and a price-to-earnings ratio of 30.18.
With total assets of $74.60 billion and total liabilities of $50.41 billion, Consolidated Edison, Inc. maintains a solid financial position.
This financial report reflects Consolidated Edison, Inc.'s robust performance and positive outlook in the current market environment.
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.