Q4 EPS Estimate for Edison International Cut by Analyst

Edison International (NYSE:EIX) – Equities researchers at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Edison International in a report issued on Monday, December 9th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings per share of $1.07 for the quarter, down from their previous forecast 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 announced its quarterly 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. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm posted $1.38 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year.

A number of other research firms also recently issued reports on EIX. Argus boosted their price target on Edison International from $82.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Evercore ISI raised their price objective on Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. UBS Group boosted their price objective on Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Barclays lifted their price target on shares of Edison International from $89.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, 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. 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. According to MarketBeat, Edison International currently has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Edison International Trading Down 0.3 %

Shares of EIX stock opened at $82.80 on Wednesday. The firm’s 50 day moving average is $84.67 and its 200 day moving average is $80.99. The stock has a market capitalization of $32.05 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.01 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $63.15 and a 12-month high of $88.77.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s payout ratio is 91.50%.

Insider Buying and Selling at Edison International

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the company’s stock in a transaction that occurred 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 filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Edison International

A number of institutional investors and hedge funds have recently modified their holdings of EIX. Highline Wealth Partners LLC purchased a new position in Edison International during the third quarter worth $26,000. Groupama Asset Managment boosted its stake in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Edison International in the 2nd quarter worth about $27,000. Eastern Bank purchased a new stake in Edison International in the 3rd quarter worth about $27,000. Finally, Farmers & Merchants Investments Inc. boosted 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 valued at $29,000 after buying 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.