Edison International (NYSE:EIX) Announces Quarterly Earnings Results

Edison International (NYSE:EIX - Get Free Report) announced its quarterly earnings results on Tuesday. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. During the same quarter in the previous year, the firm posted $1.13 EPS. The firm's quarterly revenue was down 6.5% on a year-over-year basis. Edison International updated its FY 2025 guidance to 5.940-6.340 EPS.

Edison International Stock Performance

EIX stock traded up $0.36 on Friday, reaching $54.92. 3,164,711 shares of the company were exchanged, compared to its average volume of 3,002,200. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market capitalization of $21.15 billion, a PE ratio of 16.11, a PEG ratio of 1.07 and a beta of 0.74. The stock's fifty day moving average price is $56.51 and its 200 day moving average price is $67.16. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77.

Edison International Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.03%. Edison International's dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EIX shares. Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and cut their price objective for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Mizuho decreased their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.