FY2024 EPS Estimates for Edison International Lowered by Analyst (NYSE:EIX)

Edison International (NYSE:EIX) – Equities researchers at Zacks Research decreased their FY2024 earnings estimates for Edison International in a report released on Monday, September 2nd. Zacks Research analyst A. Dutta now expects that the utilities provider will earn $4.96 per share for the year, down from their prior forecast of $5.03. The consensus estimate for Edison International’s current full-year earnings is $4.94 per share. Zacks Research also issued estimates for Edison International’s Q2 2025 earnings at $1.20 EPS.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. Edison International had a net margin of 6.60% and a return on equity of 13.01%. Edison International’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share.

EIX has been the topic of a number of other research reports. Mizuho boosted their price objective on Edison International from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI boosted their price target on shares of Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Barclays raised their price objective on shares of Edison International from $80.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Guggenheim lifted their target price on shares of Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Morgan Stanley increased their price target on shares of Edison International from $62.00 to $68.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $82.36.

Edison International Price Performance

EIX stock opened at $86.68 on Thursday. Edison International has a 1 year low of $58.82 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96. The firm has a market capitalization of $33.47 billion, a PE ratio of 38.02 and a beta of 0.91. The business has a 50 day simple moving average of $79.74 and a 200-day simple moving average of $74.23.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Monday, July 8th. Edison International’s payout ratio is 136.84%.

Insider Buying and Selling at Edison International

In related news, CEO J Andrew Murphy sold 28,995 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $78.43, for a total transaction of $2,274,077.85. Following the completion of the transaction, the chief executive officer now directly owns 19,660 shares in the company, valued at approximately $1,541,933.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Edison International news, CEO J Andrew Murphy sold 28,995 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $78.43, for a total value of $2,274,077.85. Following the completion of the transaction, the chief executive officer now owns 19,660 shares of the company’s stock, valued at approximately $1,541,933.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Natalie K. Schilling sold 2,341 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $80.00, for a total value of $187,280.00. Following the transaction, the vice president now directly owns 6,338 shares of the company’s stock, valued at $507,040. The disclosure for this sale can be found here. Insiders have sold a total of 89,099 shares of company stock valued at $7,223,342 over the last quarter. 1.03% of the stock is owned by company insiders.

Institutional Trading of Edison International

Several hedge funds have recently added to or reduced their stakes in EIX. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Edison International by 258.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 11,001 shares of the utilities provider’s stock valued at $786,000 after purchasing an additional 7,932 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Edison International by 3.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 6,681 shares of the utilities provider’s stock valued at $478,000 after buying an additional 220 shares in the last quarter. Sapient Capital LLC purchased a new stake in Edison International during the 4th quarter worth about $217,000. Lincoln National Corp boosted its position in shares of Edison International by 4.7% during the 4th quarter. Lincoln National Corp now owns 14,175 shares of the utilities provider’s stock worth $1,013,000 after acquiring an additional 636 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Edison International by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,204,214 shares of the utilities provider’s stock valued at $157,579,000 after acquiring an additional 38,738 shares during the last quarter. 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.