Edison International (EIX) to Release Quarterly Earnings on Tuesday

Edison International (NYSE:EIX) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Edison International to post earnings of $1.27 per share for the quarter. Edison International has set its FY24 guidance at $4.75-5.05 EPS and its FY 2024 guidance at 4.750-5.050 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the firm posted $1.14 EPS. On average, analysts expect Edison International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Edison International Trading Up 1.0 %

Shares of EIX stock opened at $70.64 on Tuesday. Edison International has a 52-week low of $58.82 and a 52-week high of $74.92. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.73 and a current ratio of 0.79. The company has a 50-day simple moving average of $68.57 and a two-hundred day simple moving average of $67.54. The company has a market capitalization of $27.17 billion, a price-to-earnings ratio of 22.64 and a beta of 0.96.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s payout ratio is 100.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EIX. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $84.00 in a research report on Monday, January 22nd. Mizuho reduced their target price on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. The Goldman Sachs Group assumed coverage on shares of Edison International in a research report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 target price for the company. Finally, Royal Bank of Canada reduced their target price on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.60.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.