Zacks Research Analysts Cut Earnings Estimates for EIX

Edison International (NYSE:EIX) – Equities researchers at Zacks Research cut their Q4 2024 earnings per share estimates for shares of Edison International in a report released on Monday, December 9th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will earn $1.07 per share for the quarter, down from their prior estimate of $1.12. 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 $1.32 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.63 EPS and Q2 2026 earnings at $1.40 EPS.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) 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 last year, the business posted $1.38 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis.

A number of other brokerages have also weighed in on EIX. Royal Bank of Canada upped their target price on shares of Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Evercore ISI increased their price objective on shares of Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Morgan Stanley reduced their target price on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group began coverage on Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Barclays raised their price target on Edison International from $89.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.75.

Edison International Trading Down 1.5 %

Shares of EIX opened at $81.57 on Wednesday. The firm has a market cap of $31.58 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.01 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 $84.57 and a two-hundred day simple moving average of $81.05.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 3.82%. The ex-dividend date was Monday, October 7th. Edison International’s dividend payout ratio is currently 91.50%.

Insider Activity at Edison International

In related news, VP Adam S. Umanoff sold 25,619 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Highline Wealth Partners LLC purchased a new stake in shares of Edison International during the third quarter valued at $26,000. Groupama Asset Managment lifted its holdings in Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Edison International in the 2nd quarter valued at about $27,000. Eastern Bank bought a new position in Edison International in the 3rd quarter worth about $27,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Edison International by 53.8% during the second quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 140 shares during the period. 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.