Consolidated Edison (ED) Set to Announce Earnings on Thursday

Consolidated Edison (NYSE:ED) will be posting its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect Consolidated Edison to post earnings of $0.75 per share for the quarter.

Shares of Consolidated Edison (NYSE:ED) opened at $75.26 on Thursday. Consolidated Edison has a 52-week low of $72.63 and a 52-week high of $89.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. The stock has a market cap of $23,580.00, a PE ratio of 18.86, a price-to-earnings-growth ratio of 9.03 and a beta of 0.03.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 14th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.80%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Tuesday, February 13th. Consolidated Edison’s dividend payout ratio is presently 69.17%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. KeyCorp reaffirmed a “hold” rating on shares of Consolidated Edison in a research report on Friday, October 20th. UBS Group initiated coverage on shares of Consolidated Edison in a research note on Friday, February 2nd. They issued a “neutral” rating and a $80.00 target price on the stock. Bank of America initiated coverage on shares of Consolidated Edison in a research note on Tuesday, October 24th. They issued a “buy” rating and a $92.00 target price on the stock. Finally, ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Consolidated Edison currently has an average rating of “Hold” and an average price target of $81.86.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/08/consolidated-edison-ed-set-to-announce-earnings-on-thursday.html.

Consolidated Edison Company Profile

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

Earnings History for Consolidated Edison (NYSE:ED)

Receive News & Ratings for Consolidated Edison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Edison and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply