With 3.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.12 million shares. The 52-week range on ED shows that it touched its highest point at $114.87 and its lowest point at $87.28 during that stretch. It currently has a 1-year price target of $107.10. With its current market cap of 36.75 billion, ED has annualized dividend of $3.36 while the current yield stands at 3.29%. Beta for the stock currently stands at 0.24.
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 down-trending over the past week, with a drop of -5.33%, but this was down by -8.76% over a month. Three-month performance surged to 6.64% while six-month performance rose 3.58%. The stock gained 4.48% in the past year, while it has gained 14.32% so far this year. A look at the trailing 12-month EPS for ED yields 5.42 with Next year EPS estimates of 6.01. For the next quarter, that number is 0.63. This implies an EPS growth rate of 4.27% for this year and 6.81% for next year. EPS is expected to grow by 5.61% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.15%.
Float and Shares Shorts:
At present, 360.00 million ED shares are outstanding with a float of 359.52 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 $5.37949 being high and $5.31938 being low. For ED, this leads to a yearly average estimate of $5.35945. Based on analyst estimates, the high estimate for the next quarter is $2.08 and the low estimate is $1.71. The average estimate for the next quarter is thus $1.8.
