Edison International (EIX) Expected to Announce Earnings on Thursday

Edison International (NYSE:EIX - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $3.92 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Edison International Trading Up 0.4 %

EIX stock traded up $0.20 during mid-day trading on Friday, reaching $52.10. The company had a trading volume of 6,203,553 shares, compared to its average volume of 5,410,866. The company has a market capitalization of $20.17 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The firm has a 50 day moving average of $64.07 and a 200 day moving average of $77.52. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.8275 per share. This is an increase from Edison International's previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a yield of 6.35%. The ex-dividend date was Tuesday, January 7th. Edison International's dividend payout ratio (DPR) is presently 97.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Guggenheim cut Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Jefferies Financial Group assumed coverage on shares of Edison International in a research note on Thursday, November 7th. They issued a "buy" rating and a $93.00 price objective for the company. Morgan Stanley cut their target price on shares of Edison International from $71.00 to $48.00 and set an "underweight" rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Edison International has a consensus rating of "Moderate Buy" and an average target price of $80.11.

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.