SunTrust Banks set a $69.00 price objective on Edison International (NYSE:EIX) in a report published on Friday. The firm currently has a buy rating on the utilities provider’s stock. SunTrust Banks also issued estimates for Edison International’s Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $1.04 EPS, FY2018 earnings at $4.25 EPS, Q1 2019 earnings at $1.14 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $1.48 EPS, Q4 2019 earnings at $1.13 EPS and FY2019 earnings at $4.61 EPS.
Other research analysts have also issued research reports about the company. ValuEngine upgraded Edison International from a hold rating to a buy rating in a research report on Wednesday, November 15th. Royal Bank of Canada restated a buy rating and set a $74.00 price objective on shares of Edison International in a research report on Friday, December 22nd. Guggenheim upgraded Edison International from a neutral rating to a buy rating in a research report on Friday. TheStreet lowered Edison International from a b- rating to a c rating in a research report on Thursday. Finally, Morgan Stanley cut their price objective on Edison International from $96.00 to $82.00 and set an equal weight rating for the company in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $77.07.
Shares of Edison International (NYSE:EIX) traded up $2.43 during mid-day trading on Friday, reaching $62.17. The company’s stock had a trading volume of 3,884,370 shares, compared to its average volume of 3,650,000. Edison International has a 1-year low of $57.63 and a 1-year high of $83.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47. The stock has a market cap of $20,260.00, a price-to-earnings ratio of 19.80, a PEG ratio of 2.20 and a beta of 0.17.
Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.17. Edison International had a return on equity of 10.73% and a net margin of 5.59%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $1.02 EPS. Edison International’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities analysts anticipate that Edison International will post 4.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Wednesday, March 28th. Edison International’s payout ratio is 77.07%.
Several large investors have recently made changes to their positions in EIX. Cerebellum GP LLC bought a new position in shares of Edison International in the 4th quarter valued at about $116,000. Captrust Financial Advisors bought a new position in shares of Edison International in the 4th quarter valued at about $126,000. Amica Retiree Medical Trust bought a new position in shares of Edison International in the 3rd quarter valued at about $138,000. First Command Financial Services Inc. bought a new position in shares of Edison International in the 4th quarter valued at about $154,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Edison International by 1,842.3% in the 4th quarter. Advisory Services Network LLC now owns 2,661 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 2,524 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.
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About Edison International
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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