Equities research analysts expect Edison International (NYSE:EIX) to announce earnings per share (EPS) of $1.31 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Edison International’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.29. Edison International posted earnings per share of $1.27 during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is scheduled to issue its next earnings results after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Edison International will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.25. For the next fiscal year, analysts expect that the firm will report earnings of $4.30 per share, with EPS estimates ranging from $4.20 to $4.40. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Edison International.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Edison International had a net margin of 12.64% and a return on equity of 10.58%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue was up 6.8% on a year-over-year basis.

A number of research firms have recently weighed in on EIX. Citigroup Inc. lifted their target price on Edison International from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Group LLC raised Edison International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $90.00 in a report on Friday, August 11th. Morgan Stanley lifted their target price on Edison International from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. SunTrust Banks, Inc. reissued a “buy” rating and set a $89.00 target price on shares of Edison International in a report on Monday, October 2nd. Finally, Mizuho reissued a “buy” rating and set a $86.00 target price on shares of Edison International in a report on Monday, October 9th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $85.00.

In related news, insider Ronald L. Litzinger sold 224,715 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $80.54, for a total value of $18,098,546.10. Following the completion of the transaction, the insider now owns 14,121 shares of the company’s stock, valued at $1,137,305.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Pensionfund Sabic acquired a new position in Edison International during the third quarter worth about $1,790,000. Pensionfund DSM Netherlands acquired a new position in Edison International during the third quarter worth about $3,241,000. Eqis Capital Management Inc. raised its stake in Edison International by 9.2% during the third quarter. Eqis Capital Management Inc. now owns 8,290 shares of the utilities provider’s stock worth $640,000 after acquiring an additional 698 shares in the last quarter. Intl Fcstone Inc. acquired a new position in Edison International during the second quarter worth about $625,000. Finally, Brookfield Asset Management Inc. raised its stake in Edison International by 14.8% during the second quarter. Brookfield Asset Management Inc. now owns 2,284,007 shares of the utilities provider’s stock worth $178,587,000 after acquiring an additional 294,030 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.

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Edison International (EIX) opened at 79.47 on Friday. Edison International has a 52 week low of $67.44 and a 52 week high of $82.82. The firm has a market cap of $25.89 billion, a PE ratio of 18.79 and a beta of 0.22. The stock has a 50 day moving average of $79.02 and a 200-day moving average of $79.45.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 28th. Edison International’s dividend payout ratio (DPR) is presently 50.82%.

About Edison International

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

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

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