Research Analysts Offer Predictions for EIX Q4 Earnings

Edison International (NYSE:EIX - Free Report) - Research analysts at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for Edison International in a note issued to investors on Monday, December 9th. Zacks Research analyst A. Dutta now expects 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.

A number of other equities research analysts also recently issued reports on EIX. Morgan Stanley reduced their price objective on shares of Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a research note on Friday, November 22nd. Royal Bank of Canada lifted 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. Argus boosted their price target on shares of Edison International from $82.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Barclays raised their price objective on shares of Edison International from $89.00 to $91.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their price target on shares of Edison International from $86.00 to $89.00 and gave the company a "neutral" rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.75.

Edison International Stock Performance

Shares of EIX traded down $1.20 during midday trading on Wednesday, reaching $81.58. The stock had a trading volume of 1,798,429 shares, compared to its average volume of 2,032,611. 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 one year low of $63.15 and a one year high of $88.77. The firm has a 50 day simple moving average of $84.57 and a 200-day simple moving average of $81.05. The firm has a market cap of $31.58 billion, a PE ratio of 23.93, a P/E/G ratio of 2.01 and a beta of 0.92.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share 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 period in the previous year, the business posted $1.38 EPS. The company's quarterly revenue was up 10.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in Edison International by 4.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,456 shares of the utilities provider's stock worth $535,000 after acquiring an additional 338 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Edison International by 19.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,856 shares of the utilities provider's stock worth $1,929,000 after buying an additional 4,348 shares during the period. ORG Partners LLC bought a new position in Edison International in the 2nd quarter valued at about $394,000. Swedbank AB raised its position in shares of Edison International by 76.3% during the 2nd quarter. Swedbank AB now owns 446,637 shares of the utilities provider's stock worth $32,073,000 after buying an additional 193,307 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Edison International by 1,687.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 211,347 shares of the utilities provider's stock worth $15,177,000 after acquiring an additional 199,524 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Insiders Place Their Bets

In related news, VP Adam S. Umanoff sold 25,619 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company's stock.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.82%. Edison International's payout ratio is currently 91.50%.

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.