Consolidated Edison Inc. (ED) PE Ratio stood at $20.42: Odds are Looking Good After Recent Activity

Consolidated Edison Inc. (NYSE: ED) open the trading on May 18, 2023, with a bit cautious approach as it glided -0.56% to $95.36. During the day, the stock rose to $95.78 and sunk to $94.81 before settling in for the price of $95.90 at the close. Taking a more long-term approach, ED posted a 52-week range of $78.10-$102.21.

The company of the Utilities sector’s yearbook sales growth during the past 5- year span was recorded 5.40%. Meanwhile, its Annual Earning per share during the time was 2.60%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 21.10%. This publicly-traded company’s shares outstanding now amounts to $354.80 million, simultaneously with a float of $345.92 million. The organization now has a market capitalization sitting at $32.86 billion. At the time of writing, stock’s 50-day Moving Average stood at $96.88, while the 200-day Moving Average is $94.44.

It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 14319 employees. It has generated 1,094,001 per worker during the last fiscal year. Meanwhile, its income per employee was 115,930. The stock had 4.94 Receivables turnover and 0.24 Total Asset turnover. For the Profitability, stocks gross margin was +36.05, operating margin was +16.69 and Pretax Margin of +13.39.

Consolidated Edison Inc. (ED) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Utilities – Regulated Electric industry. Consolidated Edison Inc.’s current insider ownership accounts for 0.10%, in contrast to 68.20% institutional ownership. According to the most recent insider trade that took place on Apr 28, this organization’s Chairman, President & CEO bought 24 shares at the rate of 98.47, making the entire transaction reach 2,316 in total value, affecting insider ownership by 19,496. Preceding that transaction, on Apr 28, Company’s SVP & CFO bought 24 for 98.47, making the whole transaction’s value amount to 2,315. This particular insider is now the holder of 44,261 in total.

Consolidated Edison Inc. (ED) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 12/30/2022 suggests? It has posted $0.81 earnings per share (EPS) beating the forecaster’s viewpoint (set at $0.8) by $0.01. This company achieved a net margin of +10.60 while generating a return on equity of 8.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.

Consolidated Edison Inc.’s EPS increase for this current 12-month fiscal period is 21.10% and is forecasted to reach 5.23 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 6.12% through the next 5 years, which can be compared against the 2.60% growth it accomplished over the previous five years trading on the market.

Consolidated Edison Inc. (NYSE: ED) Trading Performance Indicators

Let’s observe the current performance indicators for Consolidated Edison Inc. (ED). It’s Quick Ratio in the last reported quarter now stands at 1.10. The Stock has managed to achieve an average true range (ATR) of 1.56. Alongside those numbers, its PE Ratio stands at $20.42, and its Beta score is 0.37. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.10. Similarly, its price to free cash flow for trailing twelve months is now 11.81.

In the same vein, ED’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.67, a figure that is expected to reach 1.67 in the next quarter, and analysts are predicting that it will be 5.23 at the market close of one year from today.

Technical Analysis of Consolidated Edison Inc. (ED)

[Consolidated Edison Inc., ED] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 5.76% While, its Average True Range was 1.53.

Raw Stochastic average of Consolidated Edison Inc. (ED) in the period of the previous 100 days is set at 59.97%, which indicates a major rise in contrast to 9.77% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 12.39% that was lower than 18.44% volatility it exhibited in the past 100-days period.