Edison International (NYSE:EIX – Free Report) – Investment analysts at Seaport Res Ptn boosted their FY2025 earnings estimates for Edison International in a report issued on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $6.08 per share for the year, up from their previous forecast of $6.02. The consensus estimate for Edison International’s current full-year earnings is $4.95 per share. Seaport Res Ptn also issued estimates for Edison International’s FY2026 earnings at $6.24 EPS and FY2027 earnings at $6.30 EPS.
Edison International (NYSE:EIX – Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. Edison International had a net margin of 16.84% and a return on equity of 13.21%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $1.13 EPS. The company’s revenue was down 6.5% compared to the same quarter last year.
Check Out Our Latest Research Report on EIX
Edison International Price Performance
Shares of NYSE EIX opened at $52.46 on Wednesday. The company has a market capitalization of $20.18 billion, a PE ratio of 7.44, a P/E/G ratio of 1.23 and a beta of 0.75. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 2.06. Edison International has a twelve month low of $47.73 and a twelve month high of $88.77. The firm has a fifty day simple moving average of $52.17 and a 200 day simple moving average of $54.62.
Edison International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 7th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.31%. Edison International’s dividend payout ratio (DPR) is presently 46.95%.
Institutional Trading of Edison International
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Edison International by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider’s stock valued at $2,892,003,000 after acquiring an additional 493,778 shares during the period. Geode Capital Management LLC grew its holdings in Edison International by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider’s stock valued at $795,123,000 after purchasing an additional 362,999 shares during the period. Invesco Ltd. grew its holdings in Edison International by 19.8% during the first quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider’s stock valued at $340,000,000 after purchasing an additional 953,897 shares during the period. Northern Trust Corp increased its position in Edison International by 53.9% in the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider’s stock worth $459,642,000 after buying an additional 2,016,017 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Edison International by 111.6% in the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock valued at $333,689,000 after buying an additional 2,987,318 shares during the period. 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.
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