Edison International (EIX) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EIX, but not buy additional shares or sell existing shares.
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10 brokerages have issued 1-year price targets for Edison International's stock. Their EIX share price forecasts range from $53.00 to $86.00. On average, they expect the company's stock price to reach $73.36 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price.
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Edison International's stock was trading at $63.62 at the beginning of the year. Since then, EIX shares have decreased by 0.5% and is now trading at $63.29.
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Edison International saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 6,710,000 shares, a decline of 9.0% from the August 31st total of 7,370,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is currently 4.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our EIX earnings forecast.

Edison International (NYSE:EIX) announced its quarterly earnings data on Thursday, July, 27th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. The utilities provider had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.28 billion. Edison International had a trailing twelve-month return on equity of 12.69% and a net margin of 6.81%. Edison International's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.

Edison International declared a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.7375 per share on Tuesday, October 31st. This represents a $2.95 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for EIX.

ETFs with the largest weight of Edison International (NYSE:EIX) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN), Utilities Select Sector SPDR Fund (XLU), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI) and Fidelity MSCI Utilities Index ETF (FUTY).

Edison International (NYSE:EIX) pays an annual dividend of $2.95 per share and currently has a dividend yield of 4.52%. EIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 118.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EIX will have a dividend payout ratio of 58.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

Edison International issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $4.55-$4.85 for the period, compared to the consensus estimate of $4.72. The company issued revenue guidance of -.

2 employees have rated Edison International Chief Executive Officer Pedro J. Pizarro on Glassdoor.com. Pedro J. Pizarro has an approval rating of 100% among the company's employees. This puts Pedro J. Pizarro in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Edison International investors own include Johnson & Johnson (JNJ), AT&T (T), Chevron (CVX), Intel (INTC), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Procter & Gamble (PG), Home Depot (HD) and Exxon Mobil (XOM).

Edison International trades on the New York Stock Exchange (NYSE) under the ticker symbol "EIX."

Shares of EIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EIX stock can currently be purchased for approximately $63.29.

Edison International (NYSE:EIX) has a market capitalization of $24.26 billion and generates $17.22 billion in revenue each year. The utilities provider earns $824 million in net income (profit) each year or $2.48 on an earnings per share basis.

The company employs 13,388 workers across the globe.

Edison International's mailing address is 2244 WALNUT GROVE AVE P O BOX 976, ROSEMEAD CA, 91770. The official website for the company is www.edison.com. The utilities provider can be reached via phone at (626) 302-2222, via email at invrel@edisonintl.com, or via fax at 626-302-1212.