What is Zacks Research’s Estimate for EIX Q4 Earnings?

Edison International (NYSE:EIX) – Investment analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of Edison International in a research note issued on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings per share of $1.12 for the quarter, down from their previous forecast of $1.18. The consensus estimate for Edison International’s current full-year earnings is $4.95 per share. Zacks Research also issued estimates for Edison International’s Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.36 EPS, FY2025 earnings at $5.64 EPS, Q3 2026 earnings at $1.69 EPS and FY2026 earnings at $5.94 EPS.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.13. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI boosted their price objective on Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Jefferies Financial Group started coverage on Edison International in a report on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective for the company. Royal Bank of Canada boosted their price objective on Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Bank of America began coverage on Edison International in a report on Thursday, September 12th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Barclays lifted their target price on Edison International from $89.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Edison International presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.75.

Edison International Price Performance

Shares of Edison International stock opened at $86.87 on Thursday. The stock has a market cap of $33.63 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a 50 day moving average price of $84.61 and a 200-day moving average price of $79.99. Edison International has a one year low of $63.15 and a one year high of $88.77.

Hedge Funds Weigh In On Edison International

Hedge funds have recently bought and sold shares of the business. CreativeOne Wealth LLC acquired a new position in shares of Edison International during the first quarter valued at approximately $230,000. Swedbank AB raised its holdings in shares of Edison International by 76.3% during the second quarter. Swedbank AB now owns 446,637 shares of the utilities provider’s stock valued at $32,073,000 after acquiring an additional 193,307 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Edison International by 150.6% in the first quarter. Janus Henderson Group PLC now owns 169,742 shares of the utilities provider’s stock valued at $12,004,000 after purchasing an additional 102,000 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Edison International by 88.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 19,265 shares of the utilities provider’s stock valued at $1,363,000 after purchasing an additional 9,044 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Edison International by 955.8% in the first quarter. Cetera Investment Advisers now owns 104,805 shares of the utilities provider’s stock valued at $7,413,000 after purchasing an additional 94,878 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Activity at Edison International

In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the transaction, the chief executive officer now owns 19,850 shares in the company, valued at approximately $1,696,182.50. This represents a 54.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The disclosure for this sale can be found here. Insiders have sold 49,516 shares of company stock valued at $4,169,652 in the last ninety days. Corporate insiders own 1.03% of the company’s stock.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s dividend payout ratio is currently 91.50%.

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.