Edison International (EIX) to Release Quarterly Earnings on Tuesday

Edison International (NYSE:EIX) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.27 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 are interested in registering for the company’s conference call can do so using this link.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period last year, the company posted $1.14 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 Stock Performance

EIX opened at $70.64 on Tuesday. The firm has a market cap of $27.17 billion, a PE ratio of 22.64 and a beta of 0.96. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $68.57 and a 200-day simple moving average of $67.54. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EIX. TheStreet lowered Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Mizuho reduced their target price on Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, January 25th. The Goldman Sachs Group began coverage on Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective for the company. Royal Bank of Canada cut their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Finally, Barclays increased their price objective on Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.60.

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.