Zacks Research Issues Negative Forecast for EIX Earnings

Edison International (NYSE:EIX) – Analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of Edison International in a research note issued on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings per share of $1.12 for the quarter, down from their prior forecast of $1.18. 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 Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.36 EPS, FY2025 earnings at $5.64 EPS, Q3 2026 earnings at $1.69 EPS and FY2026 earnings at $5.94 EPS.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price target on Edison International from $68.00 to $72.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Evercore ISI boosted their target price on Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Bank of America assumed coverage on shares of Edison International in a report on Thursday, September 12th. They set a “buy” rating and a $95.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Edison International Price Performance

EIX stock opened at $86.12 on Thursday. The stock’s 50 day moving average price is $84.57 and its 200 day moving average price is $79.94. The firm has a market cap of $33.34 billion, a P/E ratio of 25.26, a PEG ratio of 2.05 and a beta of 0.92. 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 has a 1 year low of $63.15 and a 1 year high of $88.77.

Edison International (NYSE:EIX) last issued its earnings results 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 company had revenue of $5.20 billion during 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 company posted $1.38 earnings per share.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s dividend payout ratio is currently 91.50%.

Insiders Place Their Bets

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of Edison International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Andrew Murphy sold 23,896 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $85.45, for a total value of $2,041,913.20. Following the sale, the chief executive officer now owns 19,850 shares in the company, valued at $1,696,182.50. The trade was a 54.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,878 shares of company stock valued at $4,285,422 over the last 90 days. 1.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Edison International

Several hedge funds and other institutional investors have recently modified their holdings of EIX. Highline Wealth Partners LLC acquired a new stake in shares of Edison International in the third quarter valued at approximately $26,000. Groupama Asset Managment boosted its holdings in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Edison International during the second quarter valued at $27,000. Eastern Bank acquired a new position in shares of Edison International in the third quarter worth about $27,000. Finally, Country Trust Bank acquired a new position in Edison International in the 2nd quarter worth approximately $29,000. 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.