Zacks Research Has Optimistic Outlook of EIX FY2024 Earnings

Edison International (NYSE:EIX) – Investment analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Edison International in a note issued to investors on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will earn $4.99 per share for the year, up from their prior forecast of $4.96. 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 Q3 2025 earnings at $1.70 EPS, Q1 2026 earnings at $1.54 EPS and Q2 2026 earnings at $1.42 EPS.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Bank of America assumed coverage on shares of Edison International in a research note on Thursday, September 12th. They set a “buy” rating and a $95.00 price target for the company. Wells Fargo & Company upped their price objective on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Guggenheim raised their target price on Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Barclays boosted their target price on Edison International from $89.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Edison International Stock Down 0.7 %

EIX stock opened at $86.51 on Friday. The stock has a market cap of $33.49 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.05 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The stock’s fifty day simple moving average is $84.64 and its two-hundred day simple moving average is $80.08. Edison International has a 1-year low of $63.15 and a 1-year high of $88.77.

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

Institutional Trading of Edison International

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its position in shares of Edison International by 8.7% during the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock valued at $1,898,638,000 after purchasing an additional 1,741,835 shares during the last quarter. abrdn plc increased its position in shares of Edison International by 166.4% during the 3rd quarter. abrdn plc now owns 1,418,526 shares of the utilities provider’s stock valued at $123,149,000 after purchasing an additional 885,955 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Edison International by 117.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 781,736 shares of the utilities provider’s stock valued at $68,081,000 after purchasing an additional 422,752 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Edison International by 595.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 318,672 shares of the utilities provider’s stock valued at $22,884,000 after purchasing an additional 272,876 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Edison International during the 2nd quarter valued at about $18,484,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling

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

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a yield of 3.61%. Edison International’s dividend payout ratio (DPR) is 91.50%.

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.