Edison International (NYSE:EIX) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Edison International (NYSE:EIX - Get Free Report) released its earnings results on Tuesday. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16, Zacks reports. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. Edison International updated its FY 2025 guidance to 5.940-6.340 EPS.

Edison International Price Performance

Shares of EIX stock traded up $0.47 during trading on Friday, hitting $55.03. The company had a trading volume of 1,192,646 shares, compared to its average volume of 2,984,521. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The stock's 50-day moving average is $56.45 and its two-hundred day moving average is $67.49.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Monday, April 7th. Edison International's payout ratio is 46.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EIX shares. The Goldman Sachs Group cut their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. Barclays upped their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Finally, Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Edison International currently has an average rating of "Moderate Buy" and a consensus price target of $76.96.

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.