KeyCorp Equities Analysts Lower Earnings Estimates for EIX

Edison International (NYSE:EIX) – KeyCorp dropped their Q4 2024 EPS estimates for Edison International in a report released on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $1.09 per share for the quarter, down from their prior forecast of $1.11. The consensus estimate for Edison International’s current full-year earnings is $4.94 per share.

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

A number of other equities analysts have also weighed in on EIX. UBS Group upped their target price on shares of Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company increased their price objective on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Bank of America started coverage on Edison International in a report on Thursday, September 12th. They issued a “buy” rating and a $95.00 target price on the stock. Evercore ISI boosted their target price on Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, Morgan Stanley cut their price target on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and an average price target of $88.75.

Edison International Trading Up 0.7 %

Shares of EIX opened at $84.93 on Thursday. The firm has a market cap of $32.88 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a 1 year low of $63.15 and a 1 year high of $88.77. The company has a 50 day simple moving average of $84.81 and a two-hundred day simple moving average of $80.81.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s payout ratio is 91.50%.

Insider Buying and Selling at Edison International

In related news, VP Adam S. Umanoff sold 25,619 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.03% of the company’s stock.

Institutional Trading of Edison International

A number of hedge funds and other institutional investors have recently bought and sold shares of EIX. Lake Street Advisors Group LLC increased its stake in Edison International by 4.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock worth $263,000 after buying an additional 124 shares during the period. Baker Tilly Wealth Management LLC increased its position in shares of Edison International by 2.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 129 shares during the period. SFE Investment Counsel raised its stake in shares of Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock valued at $3,721,000 after acquiring an additional 130 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of Edison International by 0.9% in the second quarter. Equitable Trust Co. now owns 15,424 shares of the utilities provider’s stock valued at $1,108,000 after purchasing an additional 132 shares during the period. Finally, TIAA Trust National Association grew its stake in Edison International by 2.0% in the second quarter. TIAA Trust National Association now owns 6,723 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors 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.