With 2.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.32 million shares. The 52-week range on ED shows that it touched its highest point at $107.75 and its lowest point at $85.85 during that stretch. It currently has a 1-year price target of $98.45. With its current market cap of 33.18 billion, ED has annualized dividend of $3.34 while the current yield stands at 3.49%. Beta for the stock currently stands at 0.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ED was up-trending over the past week, with a rise of 1.26%, but this was up by 2.74% over a month. Three-month performance dropped to -0.71% while six-month performance fell -4.63%. The stock gained 9.67% in the past year, while it has gained 7.32% so far this year. A look at the trailing 12-month EPS for ED yields 5.32 with Next year EPS estimates of 5.97. For the next quarter, that number is 2.01. This implies an EPS growth rate of 4.10% for this year and 6.23% for next year. EPS is expected to grow by 5.17% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.30%.
Float and Shares Shorts:
At present, 346.00 million ED shares are outstanding with a float of 345.66 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ED since 7 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.37595 being high and $5.31589 being low. For ED, this leads to a yearly average estimate of $5.35593. Based on analyst estimates, the high estimate for the next quarter is $2.22 and the low estimate is $1.41. The average estimate for the next quarter is thus $2.01.
