Zacks Research Has Bearish Estimate for EIX Q4 Earnings

Edison International (NYSE:EIX) – Equities researchers at Zacks Research dropped their Q4 2024 earnings estimates for Edison International in a note issued to investors on Tuesday, November 19th. Zacks Research analyst A. Dutta now anticipates that the utilities provider will post earnings per share of $1.12 for the quarter, down from their prior estimate of $1.18. The consensus estimate for Edison International’s current full-year earnings is $4.95 per share. Zacks Research also issued estimates for Edison International’s Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.36 EPS, FY2025 earnings at $5.64 EPS, Q3 2026 earnings at $1.69 EPS and FY2026 earnings at $5.94 EPS.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.38 by $0.13. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the business earned $1.38 EPS. Edison International’s revenue for the quarter was up 10.6% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the company. Argus increased their price objective on Edison International from $82.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Evercore ISI increased their price target on shares of Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. UBS Group lifted their price objective on shares of Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley lowered their price target on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday. Finally, Barclays upped their price objective on Edison International from $89.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.75.

Edison International Stock Down 0.7 %

Edison International stock opened at $86.51 on Thursday. The stock has a 50-day simple moving average of $84.64 and a 200-day simple moving average of $80.08. The company has a market capitalization of $33.49 billion, a P/E ratio of 25.37, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a fifty-two week low of $63.15 and a fifty-two week high of $88.77.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 7th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.61%. Edison International’s dividend payout ratio (DPR) is 91.50%.

Insider Activity at Edison International

In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of Edison International stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $85.45, for a total value of $2,041,913.20. Following the completion of the sale, the chief executive officer now directly owns 19,850 shares of the company’s stock, valued at approximately $1,696,182.50. The trade was a 54.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Adam S. Umanoff sold 25,619 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total value of $2,127,657.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,516 shares of company stock valued at $4,169,652. 1.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Edison International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in Edison International by 8.7% in the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock worth $1,898,638,000 after buying an additional 1,741,835 shares during the last quarter. abrdn plc boosted its position in shares of Edison International by 166.4% in the third quarter. abrdn plc now owns 1,418,526 shares of the utilities provider’s stock worth $123,149,000 after acquiring an additional 885,955 shares during the last quarter. Capital International Investors boosted its position in shares of Edison International by 6.4% in the first quarter. Capital International Investors now owns 13,297,917 shares of the utilities provider’s stock worth $940,562,000 after acquiring an additional 795,950 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Edison International by 117.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 781,736 shares of the utilities provider’s stock valued at $68,081,000 after purchasing an additional 422,752 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Edison International by 595.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 318,672 shares of the utilities provider’s stock worth $22,884,000 after purchasing an additional 272,876 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Company Profile

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.