Edison International (NYSE:EIX) Announces Quarterly Earnings Results

Key Points

• Edison International reported a quarterly earnings per share of $0.97, exceeding the consensus estimate of $0.88, with a revenue of $4.54 billion against expectations of $4.52 billion.
• The company updated its FY 2025 guidance to a projected earnings per share of 5.940-6.340.
• Edison International also announced a quarterly dividend of $0.8275 per share, reflecting a 6.2% yield based on the annualized total.

Edison International (NYSE:EIX - Get Free Report) released its quarterly earnings data on Thursday. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09, Zacks reports. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 12.11%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. Edison International updated its FY 2025 guidance to 5.940-6.340 EPS.

Edison International Stock Up 1.9%

EIX traded up $0.97 on Friday, hitting $53.09. The company had a trading volume of 5,100,849 shares, compared to its average volume of 3,590,937. The stock has a fifty day moving average price of $51.92 and a 200-day moving average price of $54.53. Edison International has a 12-month low of $47.73 and a 12-month high of $88.77. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.23 and a beta of 0.75.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, July 7th. Edison International's payout ratio is 46.95%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EIX. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. cut their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Evercore ISI restated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Barclays lifted their target price on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley dropped their target price on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Edison International currently has an average rating of "Moderate Buy" and an average target price of $76.35.

Institutional Investors Weigh In On Edison International

Large investors have recently modified their holdings of the business. Woodline Partners LP lifted its holdings in shares of Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider's stock worth $1,927,000 after purchasing an additional 9,459 shares during the period. Jones Financial Companies Lllp lifted its holdings in Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider's stock valued at $577,000 after acquiring an additional 5,190 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock valued at $523,000 after acquiring an additional 211 shares during the period. 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.

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