Edison International (EIX) Scheduled to Post Quarterly Earnings on Thursday

Edison International (NYSE:EIX) is scheduled to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.93 per share for the quarter.

Shares of Edison International (NYSE EIX) opened at $59.24 on Thursday. The stock has a market cap of $19,300.00, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47. Edison International has a 52-week low of $57.63 and a 52-week high of $83.38.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 4.09%. This is a boost from Edison International’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, December 28th. Edison International’s payout ratio is 55.25%.

Several equities research analysts have issued reports on EIX shares. SunTrust Banks reissued a “buy” rating and issued a $79.00 price objective on shares of Edison International in a research report on Tuesday, December 26th. Royal Bank of Canada reissued a “buy” rating and issued a $74.00 price objective on shares of Edison International in a research report on Friday, December 22nd. ValuEngine raised shares of Edison International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Bank of America reissued a “buy” rating and issued a $86.00 price objective on shares of Edison International in a research report on Tuesday, October 24th. Finally, Morgan Stanley lowered their price objective on shares of Edison International from $96.00 to $82.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $77.21.

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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.

Earnings History for Edison International (NYSE:EIX)

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