Edison International (NYSE:EIX) Updates FY 2025 Earnings Guidance

Key Points

• Edison International has updated its FY 2025 earnings guidance, projecting an earnings per share of 5.940-6.340, which is slightly below the consensus estimate of 6.060.
• On Thursday, Edison International's stock increased by 1.0% to reach $52.21, with trading volume significantly above its average at over 7 million shares.
• The company announced a quarterly dividend of $0.8275, resulting in an annualized dividend yield of 6.3% and a payout ratio of 46.95%.

Edison International (NYSE:EIX - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 5.940-6.340 for the period, compared to the consensus earnings per share estimate of 6.060. The company issued revenue guidance of -.

Edison International Stock Up 1.0%

NYSE EIX traded up $0.52 during trading hours on Thursday, hitting $52.21. The company's stock had a trading volume of 7,348,256 shares, compared to its average volume of 4,476,959. Edison International has a 52 week low of $47.73 and a 52 week high of $88.77. The company has a market capitalization of $20.09 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.06. The company's 50-day simple moving average is $52.07 and its two-hundred day simple moving average is $54.60.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.45). Edison International had a net margin of 16.84% and a return on equity of 13.21%. Research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 6.3%. Edison International's dividend payout ratio (DPR) is currently 46.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective 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. Barclays increased their price target on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Finally, Morgan Stanley dropped their price target 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $76.35.

Hedge Funds Weigh In On Edison International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Woodline Partners LP lifted its holdings in Edison International by 40.7% in the 1st 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 last quarter. Jones Financial Companies Lllp lifted its holdings in Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider's stock worth $577,000 after purchasing an additional 5,190 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock worth $523,000 after purchasing an additional 211 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.