Edison International (NYSE:EIX) Releases FY 2021 Earnings Guidance

Edison International (NYSE:EIX) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $4.420-$4.620 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.520. The company issued revenue guidance of -.

Edison International stock opened at $56.42 on Thursday. The firm’s 50-day moving average is $57.47 and its 200-day moving average is $57.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.63. Edison International has a 1 year low of $53.92 and a 1 year high of $66.68. The company has a market cap of $21.42 billion, a P/E ratio of 26.24, a PEG ratio of 3.81 and a beta of 0.59.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 29th. The utilities provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). Edison International had a return on equity of 11.69% and a net margin of 6.83%. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, sell-side analysts predict that Edison International will post 4.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 31st. Shareholders of record on Thursday, September 30th will be given a dividend of $0.6625 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.70%. Edison International’s dividend payout ratio (DPR) is 58.63%.

A number of research firms have commented on EIX. Wells Fargo & Company dropped their price target on shares of Edison International from $72.00 to $70.00 and set an overweight rating on the stock in a research report on Friday, September 17th. Morgan Stanley lowered their price objective on shares of Edison International from $60.00 to $59.00 and set an equal weight rating on the stock in a research note on Friday, September 17th. Bank of America downgraded shares of Edison International from a buy rating to a neutral rating and set a $59.00 target price on the stock. in a research report on Tuesday, July 13th. Finally, TheStreet raised shares of Edison International from a c rating to a b- rating in a research report on Thursday, July 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $65.57.

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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