Edison International (EIX) Expected to Announce Earnings on Thursday

Edison International (NYSE:EIX) will likely be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect Edison International to post earnings of $1.08 per share and revenue of $3.92 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Edison International Trading Down 0.3 %

Shares of EIX stock opened at $52.08 on Wednesday. The company has a market cap of $20.16 billion, a P/E ratio of 15.27, a PEG ratio of 1.07 and a beta of 0.90. The stock has a 50 day simple moving average of $62.92 and a two-hundred day simple moving average of $77.04. 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 $49.06 and a fifty-two week high of $88.77.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were issued a $0.8275 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s payout ratio is presently 97.07%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EIX. Morgan Stanley lowered their target price on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a report on Friday, February 14th. Jefferies Financial Group assumed coverage on Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective for the company. Wells Fargo & Company raised their price objective on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Finally, Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

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.