What is Zacks Research’s Estimate for EIX FY2024 Earnings?

Edison International (NYSE:EIX) – Investment analysts at Zacks Research raised their FY2024 earnings estimates for Edison International in a research report issued on Tuesday, November 19th. Zacks Research analyst A. Dutta now expects that the utilities provider will earn $4.99 per share 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 posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada increased 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. Wells Fargo & Company increased their price target 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. Bank of America initiated coverage on shares of Edison International in a research report on Thursday, September 12th. They set a “buy” rating and a $95.00 price objective for the company. Barclays raised their target price on Edison International from $89.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their price target on Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.75.

Edison International Stock Performance

EIX stock opened at $86.48 on Friday. 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 market cap of $33.48 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. The stock’s fifty day moving average price is $84.64 and its 200-day moving average price is $80.13.

Edison International Announces Dividend

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

Insider Activity at Edison International

In other news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction 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 at this link. Also, CEO J Andrew Murphy sold 23,896 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the completion of the transaction, the chief executive officer now directly owns 19,850 shares of the company’s stock, valued at approximately $1,696,182.50. This represents a 54.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,516 shares of company stock worth $4,169,652 in the last 90 days. 1.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new position in Edison International during the first quarter worth about $230,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Edison International during the third quarter worth $1,387,000. Swedbank AB increased its holdings in shares of Edison International by 76.3% in the 2nd quarter. Swedbank AB now owns 446,637 shares of the utilities provider’s stock valued at $32,073,000 after acquiring an additional 193,307 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Edison International by 150.6% during the first quarter. Janus Henderson Group PLC now owns 169,742 shares of the utilities provider’s stock worth $12,004,000 after purchasing an additional 102,000 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Edison International by 88.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 19,265 shares of the utilities provider’s stock valued at $1,363,000 after acquiring an additional 9,044 shares during 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.