Zacks Research Analysts Boost Earnings Estimates for EIX

Edison International (NYSE:EIX) – Zacks Research lifted their Q1 2027 EPS estimates for shares of Edison International in a report released on Thursday, September 18th. Zacks Research analyst Team now forecasts that the utilities provider will earn $1.35 per share for the quarter, up from their previous forecast of $1.34. The consensus estimate for Edison International’s current full-year earnings is $4.95 per share.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS.

EIX has been the subject of a number of other research reports. Morgan Stanley increased their price target on shares of Edison International from $55.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday. Barclays increased their price target on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Wolfe Research downgraded shares of Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Finally, UBS Group lowered their price target on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus target price of $72.15.

Edison International Stock Up 0.2%

Shares of NYSE:EIX opened at $55.68 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The company has a 50-day moving average price of $54.26 and a 200 day moving average price of $54.75. The company has a market cap of $21.43 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.31 and a beta of 0.80.

Hedge Funds Weigh In On Edison International

Several institutional investors have recently bought and sold shares of EIX. Rakuten Securities Inc. increased its holdings in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after buying an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Edison International during the first quarter valued at approximately $25,000. Investment Management Corp VA ADV boosted its stake in Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 265 shares in the last quarter. Kentucky Trust Co boosted its stake in Edison International by 66.7% in the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in Edison International in the second quarter valued at approximately $32,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, July 7th. Edison International’s dividend payout ratio (DPR) is presently 48.60%.

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.