$1.69 EPS Expected for Edison International (NYSE:EIX) This Quarter

Equities analysts expect Edison International (NYSE:EIX) to post earnings of $1.69 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Edison International’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.66. Edison International posted earnings per share of $1.67 in the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 26th.

On average, analysts expect that Edison International will report full-year earnings of $4.48 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.64. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.64 per share, with EPS estimates ranging from $4.47 to $4.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Edison International.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 29th. The utilities provider reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.05). Edison International had a return on equity of 11.69% and a net margin of 6.83%. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the firm earned $1.00 earnings per share.

A number of equities analysts have recently commented on EIX shares. Morgan Stanley dropped their price objective on Edison International from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 9th. TheStreet raised Edison International from a “c” rating to a “b-” rating in a research report on Thursday, July 29th. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and set a $59.00 price objective for the company. in a research report on Tuesday, July 13th. Mizuho boosted their price objective on Edison International from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, June 11th. Finally, Barclays boosted their price objective on Edison International from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. CSat Investment Advisory L.P. increased its stake in Edison International by 63.4% during the first quarter. CSat Investment Advisory L.P. now owns 639 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 248 shares during the period. E Fund Management Co. Ltd. bought a new position in Edison International during the first quarter valued at about $39,000. Montag A & Associates Inc. increased its stake in Edison International by 263.2% during the second quarter. Montag A & Associates Inc. now owns 690 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 500 shares during the period. Eagle Bay Advisors LLC bought a new position in Edison International during the second quarter valued at about $43,000. Finally, Bbva USA bought a new position in Edison International during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 86.85% of the company’s stock.

Edison International stock traded down $0.58 on Tuesday, reaching $58.48. 1,410,718 shares of the stock were exchanged, compared to its average volume of 1,951,121. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Edison International has a twelve month low of $48.47 and a twelve month high of $66.68. The firm has a fifty day moving average price of $57.33 and a two-hundred day moving average price of $57.85. The stock has a market cap of $22.21 billion, a PE ratio of 27.18, a PEG ratio of 3.81 and a beta of 0.59.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 31st. Investors of record on Thursday, September 30th will be paid a dividend of $0.6625 per share. The ex-dividend date is Wednesday, September 29th. This represents a $2.65 annualized dividend and a yield of 4.53%. Edison International’s dividend payout ratio is 58.63%.

Edison International Company Profile

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886 and is headquartered in Rosemead, CA.

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Earnings History and Estimates for Edison International (NYSE:EIX)

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