Edison International (NYSE:EIX) updates fiscal 2025 earnings guidance

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Edison International (NYSE:EIX – Get a score) issued an update on its fiscal 2025 earnings guidance on Friday morning. The company provided EPS guidance of $5.50 to $5.90 for the period. The company issued revenue guidance of -.

Edison International rises 3.5%

Shares of EIX traded up $2.28 during midday trading on Friday, reaching $67.77. The company’s stock had a trading volume of 2,941,193 shares, compared to its average volume of 1,943,840. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.63, and a quick ratio of 0.58. Edison International has a twelve month low of $54.14 and a twelve month high of $73.32. The company’s fifty day moving average price is $64.11 and its 200 day moving average price is $65.30. The stock has a market cap of $25.81 billion, a P/E ratio of 42.80, a PEG ratio of 5.09 and a beta of 0.66.

Edison International (NYSE:EIX – Get a score) last issued its quarterly earnings results on Thursday, July 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.57 billion. Edison International had a net margin of 4.22% and a return on equity of 12.27%. The company’s revenue increased by 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. As a group, equities research analysts predict that Edison International will post 4.4 EPS for the current year.

Edison International Dividend Announcement

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The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Tuesday, July 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, July 1. This represents an annualized dividend of $2.80 and a dividend yield of 4.13%. Edison International’s dividend payout ratio is currently 183.01%.

Wall Street analysts weigh in

EIX has been the subject of several research analyst reports. Mizuho downgraded shares of Edison International from a buy rating to a neutral rating and cut their price target for the stock from $82.00 to $72.00 in a report on Tuesday, May 10th. Barclays decreased their price objective on shares of Edison International from $73.00 to $67.00 and set an equal weight rating for the company in a report on Monday, July 18th. Royal Bank of Canada boosted their price objective on shares of Edison International from $73.00 to $82.00 and gave the company an outperform rating in a report on Thursday, April 14th. Bank of America reissued an underperform rating on shares of Edison International in a report on Thursday, July 14th. Finally, Citigroup boosted their price objective on shares of Edison International from $67.00 to $79.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $72.75, according to MarketBeat .

Institutional investors weigh in on Edison International

Institutional investors have recently modified their holdings of the company. Ancora Advisors LLC purchased a new stake in shares of Edison International during the first quarter valued at $41,000. Covestor Ltd raised its stake in shares of Edison International by 150.5% during the first quarter. Covestor Ltd now owns 1,901 shares of the utilities provider’s stock valued at $133,000 after buying an additional 1,142 shares during the last quarter. Frontier Wealth Management LLC bought a new stake in shares of Edison International during the first quarter valued at $200,000. Fund Management at Engine No. 1 LLC bought a new position in Edison International during the first quarter worth $226,000. Finally, Eudaimonia Partners LLC bought a new position in Edison International during the first quarter worth $230,000. 87.89% of the shares are owned by institutional investors.

Edison International company profile

(Get a score)

Edison International, through its subsidiaries, generates and distributes electrical energy. It supplies electricity to 15 million residential, commercial, industrial, public authority, agricultural and other customers in southern, central and coastal California. The company also offers energy solutions to commercial and industrial users.

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Edison International (NYSE:EIX) Earnings History and Estimates

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!