Zacks Research Has Optimistic Outlook of EIX FY2024 Earnings

Edison International (NYSE:EIX) – Analysts at Zacks Research raised their FY2024 earnings estimates for Edison International in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst A. Dutta now expects that the utilities provider will post earnings per share of $4.99 for the year, up from their prior forecast of $4.96. The consensus estimate for Edison International’s current full-year earnings is $4.95 per share. Zacks Research also issued estimates for Edison International’s Q3 2025 earnings at $1.70 EPS, Q1 2026 earnings at $1.54 EPS and Q2 2026 earnings at $1.42 EPS.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share.

Other analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of Edison International in a research note on Thursday, September 12th. They set a “buy” rating and a $95.00 target price on the stock. Barclays boosted their target price on shares of Edison International from $89.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Argus boosted their target price on shares of Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Morgan Stanley reduced their price objective on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada boosted their price objective on shares of Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.75.

Edison International Stock Performance

NYSE EIX opened at $86.51 on Friday. The firm’s fifty day moving average price is $84.64 and its two-hundred day moving average price is $80.08. The stock has a market cap of $33.49 billion, a PE ratio of 25.37, a PEG ratio of 2.05 and a beta of 0.92. Edison International has a fifty-two week low of $63.15 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were issued a $0.78 dividend. The ex-dividend date was Monday, October 7th. This represents a $3.12 annualized dividend and a yield of 3.61%. Edison International’s payout ratio is 91.50%.

Insider Activity at Edison International

In other news, CEO J Andrew Murphy sold 23,896 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the transaction, the chief executive officer now owns 19,850 shares in the company, valued at approximately $1,696,182.50. This represents a 54.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Adam S. Umanoff sold 25,619 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The disclosure for this sale can be found here. Insiders have sold a total of 49,516 shares of company stock worth $4,169,652 over the last quarter. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On Edison International

Institutional investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC acquired a new position in shares of Edison International during the third quarter valued at about $26,000. Eastern Bank acquired a new stake in shares of Edison International in the 3rd quarter worth about $27,000. Larson Financial Group LLC raised its holdings in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 195 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Edison International in the 3rd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Edison International in the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 88.95% 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.