FY2024 Earnings Estimate for EIX Issued By Zacks Research

Edison International (NYSE:EIX) – Equities research analysts at Zacks Research raised their FY2024 EPS estimates for shares of Edison International in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst A. Dutta now expects that the utilities provider will post earnings of $4.99 per share for the year, up from their previous estimate 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 earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. The business had revenue of $5.20 billion for 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 revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share.

A number of other brokerages have also recently issued reports on EIX. Wells Fargo & Company lifted their price objective on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group lifted their price objective on Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Argus raised their target price on Edison International from $82.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Morgan Stanley raised their price objective on shares of Edison International from $68.00 to $72.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.75.

Edison International Price Performance

Edison International stock opened at $86.87 on Friday. The business has a 50 day simple moving average of $84.61 and a 200 day simple moving average of $79.99. Edison International has a one year low of $63.15 and a one year high of $88.77. The company has a market capitalization of $33.63 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.05 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 7th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s dividend payout ratio (DPR) is currently 91.50%.

Insider Transactions at Edison International

In other news, CEO J Andrew Murphy sold 23,896 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $85.45, for a total value of $2,041,913.20. Following the completion of the transaction, the chief executive officer now owns 19,850 shares of the company’s stock, valued at $1,696,182.50. The trade was a 54.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Adam S. Umanoff sold 25,619 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The disclosure for this sale can be found here. Insiders have sold 49,516 shares of company stock worth $4,169,652 in the last three months. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On Edison International

Several institutional investors have recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in shares of Edison International during the 3rd quarter worth approximately $26,000. Groupama Asset Managment grew 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 purchasing an additional 237 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Edison International during the second quarter worth approximately $27,000. Eastern Bank bought a new stake in Edison International in the third quarter valued at approximately $27,000. Finally, Country Trust Bank acquired a new stake in shares of Edison International in the second quarter valued at approximately $29,000. Institutional investors own 88.95% of the company’s stock.

About Edison International

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.