News headlines about Edison International (NYSE:EIX) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Edison International earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.9210025034434 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
A number of research firms have recently issued reports on EIX. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating in a research note on Friday, February 23rd. SunTrust Banks set a $71.00 target price on shares of Edison International and gave the company a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research cut shares of Edison International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. TheStreet cut shares of Edison International from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $69.00 target price (down previously from $72.00) on shares of Edison International in a research note on Thursday, March 8th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $77.00.
EIX stock traded down $0.50 during trading on Friday, hitting $64.12. The company had a trading volume of 1,387,485 shares, compared to its average volume of 2,119,602. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.53 and a quick ratio of 0.49. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38. The stock has a market capitalization of $21,053.92, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.83 and a beta of 0.13.
Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.17. Edison International had a net margin of 5.59% and a return on equity of 10.86%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the company posted $1.02 EPS. Edison International’s revenue was up 11.7% on a year-over-year basis. equities analysts expect that Edison International will post 4.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be given a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, March 28th. Edison International’s dividend payout ratio (DPR) is presently 53.78%.
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Edison International Company Profile
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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