Edison International (EIX) to Release Quarterly Earnings on Thursday

Edison International (NYSE:EIX) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $1.07 per share and revenue of $3.92 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Edison International Stock Up 2.1 %

EIX stock opened at $52.39 on Thursday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The firm has a market cap of $20.28 billion, a PE ratio of 15.36, a P/E/G ratio of 1.03 and a beta of 0.90. The firm has a 50 day simple moving average of $65.84 and a 200 day simple moving average of $78.08. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.8275 per share. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.32%. This is a positive change from Edison International’s previous quarterly dividend of $0.78. Edison International’s payout ratio is currently 97.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EIX shares. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Wells Fargo & Company increased their target price on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

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.