Edison International (NYSE:EIX) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 1st. Analysts expect the company to announce earnings of $0.92 per share for the quarter.
Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.17. Edison International had a return on equity of 10.86% and a net margin of 5.59%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the business posted $1.02 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect Edison International to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
EIX opened at $64.00 on Tuesday. Edison International has a 1 year low of $57.63 and a 1 year high of $83.38. The stock has a market capitalization of $20,891.01, a price-to-earnings ratio of 14.22, a PEG ratio of 2.81 and a beta of 0.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.49 and a current ratio of 0.53.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Wednesday, March 28th. Edison International’s dividend payout ratio is 53.78%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. JPMorgan Chase lifted their target price on Edison International from $64.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, April 10th. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating in a research report on Friday, February 23rd. Edward Jones downgraded Edison International from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $79.00 target price on shares of Edison International in a research report on Tuesday, December 26th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $76.46.
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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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