Edison International (EIX) to Release Quarterly Earnings on Tuesday

Edison International (NYSE:EIX - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Edison International has set its FY24 guidance at $4.75-5.05 EPS and its FY 2024 guidance at 4.750-5.050 EPS.Parties that wish to register for the company's conference call can do so using this link.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.12 billion. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.01 EPS. On average, analysts expect Edison International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Edison International Trading Up 1.4 %

NYSE EIX traded up $1.22 during trading hours on Tuesday, reaching $85.83. The company's stock had a trading volume of 1,831,988 shares, compared to its average volume of 1,995,122. The firm has a fifty day simple moving average of $85.35 and a 200-day simple moving average of $77.94. The stock has a market cap of $33.15 billion, a P/E ratio of 33.98, a P/E/G ratio of 1.98 and a beta of 0.91. Edison International has a 52 week low of $61.64 and a 52 week high of $88.77. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 7th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Monday, October 7th. Edison International's dividend payout ratio is presently 125.30%.

Insider Activity at Edison International

In related news, VP Natalie K. Schilling sold 2,341 shares of Edison International stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total value of $187,280.00. Following the completion of the sale, the vice president now owns 6,338 shares of the company's stock, valued at approximately $507,040. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Natalie K. Schilling sold 2,341 shares of Edison International stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total value of $187,280.00. Following the completion of the sale, the vice president now owns 6,338 shares of the company's stock, valued at approximately $507,040. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO J Andrew Murphy sold 28,995 shares of the firm's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $78.43, for a total value of $2,274,077.85. Following the transaction, the chief executive officer now owns 19,660 shares in the company, valued at approximately $1,541,933.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,099 shares of company stock valued at $7,223,342. 1.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

EIX has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of Edison International from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Evercore ISI increased their target price on shares of Edison International from $82.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. 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 target price for the company. UBS Group increased their target price on shares of Edison International from $86.00 to $89.00 and gave the company a "neutral" rating in a research report on Wednesday, September 4th. Finally, Guggenheim increased their target price on shares of Edison International from $80.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.55.

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.