Zacks Research Issues Positive Estimate for EIX Earnings

Key Points

• Zacks Research has increased its Q3 2026 earnings per share (EPS) estimate for Edison International to $2.27, marking a slight rise from the previous estimate of $2.26.
• Institutional ownership of Edison International is strong, with 88.95% of the stock held by institutional investors and hedge funds.
• The company recently announced a quarterly dividend of $0.8275 per share, providing an annualized yield of 5.8%.

Edison International (NYSE:EIX - Free Report) - Research analysts at Zacks Research upped their Q3 2026 EPS estimates for shares of Edison International in a note issued to investors on Thursday, October 16th. Zacks Research analyst Team now anticipates that the utilities provider will post earnings of $2.27 per share for the quarter, up from their prior forecast of $2.26. The consensus estimate for Edison International's current full-year earnings is $4.95 per share.

EIX has been the subject of a number of other research reports. Morgan Stanley cut their price target on shares of Edison International from $61.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Edison International in a report on Wednesday, October 8th. Jefferies Financial Group downgraded shares of Edison International from a "buy" rating to a "hold" rating and cut their price target for the stock from $70.00 to $57.00 in a report on Thursday, October 2nd. Finally, UBS Group cut their price target on shares of Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.25.

Edison International Stock Performance

Shares of Edison International stock opened at $56.75 on Monday. The company has a 50 day moving average of $55.20 and a 200-day moving average of $54.33. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. The company has a market cap of $21.84 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.80.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion during 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 11.99%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS.

Hedge Funds Weigh In On Edison International

Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its position in Edison International by 98.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock valued at $647,000 after acquiring an additional 5,454 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock valued at $7,297,000 after acquiring an additional 71,159 shares during the period. Charles Schwab Investment Management Inc. increased its position in Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock valued at $150,961,000 after acquiring an additional 145,358 shares during the period. Janney Montgomery Scott LLC increased its position in Edison International by 17.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 107,332 shares of the utilities provider's stock valued at $6,324,000 after acquiring an additional 15,718 shares during the period. Finally, Blackhawk Capital Partners LLC. acquired a new position in Edison International in the 1st quarter valued at approximately $399,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, October 7th. Edison International's dividend payout ratio is currently 48.60%.

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.