Edison International (EIX) Scheduled to Post Earnings on Tuesday

Edison International (NYSE:EIX) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Edison International to post earnings of $1.43 per share for the quarter. Edison International has set its FY24 guidance at $4.75-5.05 EPS and its FY 2024 guidance at 4.750-5.050 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. Edison International had a return on equity of 13.01% and a net margin of 6.60%. Edison International’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. On average, analysts expect Edison International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Edison International Stock Down 1.0 %

EIX stock opened at $84.61 on Tuesday. The firm has a 50-day moving average price of $85.35 and a 200-day moving average price of $77.94. Edison International has a 12 month low of $61.64 and a 12 month high of $88.77. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $32.67 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 1.98 and a beta of 0.91.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 7th will be paid a dividend of $0.78 per share. The ex-dividend date is Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.69%. Edison International’s payout ratio is presently 125.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim raised their price objective on Edison International from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America started coverage on shares of Edison International in a report on Thursday, September 12th. They issued a “buy” rating and a $95.00 price objective for the company. Barclays decreased their price target on shares of Edison International from $91.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Argus lifted their price target on shares of Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, UBS Group lifted their target price on Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Edison International has an average rating of “Moderate Buy” and an average price target of $87.55.

Insiders Place Their Bets

In other Edison International news, VP Natalie K. Schilling sold 2,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $80.00, for a total transaction of $187,280.00. Following the completion of the sale, the vice president now directly owns 6,338 shares of the company’s stock, valued at approximately $507,040. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Edison International news, CEO J Andrew Murphy sold 32,505 shares of Edison International stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $80.12, for a total transaction of $2,604,300.60. Following the transaction, the chief executive officer now owns 19,660 shares of the company’s stock, valued at $1,575,159.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Natalie K. Schilling sold 2,341 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total value of $187,280.00. Following the completion of the transaction, the vice president now directly owns 6,338 shares of the company’s stock, valued at approximately $507,040. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,099 shares of company stock worth $7,223,342. Insiders own 1.03% of the company’s stock.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.