Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.
Edison International Stock Performance
Shares of Edison International stock opened at $68.11 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.56 and a current ratio of 0.61. Edison International has a 52 week low of $54.98 and a 52 week high of $73.32. The stock has a 50 day moving average price of $64.03 and a two-hundred day moving average price of $65.58. The stock has a market capitalization of $25.98 billion, a PE ratio of 51.60, a price-to-earnings-growth ratio of 5.19 and a beta of 0.68.
Edison International (NYSE:EIX - Get Rating) last announced its earnings results on Thursday, July 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $3.57 billion. Edison International had a return on equity of 12.42% and a net margin of 3.63%. Edison International's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, equities analysts anticipate that Edison International will post 4.42 earnings per share for the current fiscal year.
Edison International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Tuesday, July 5th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.80 annualized dividend and a dividend yield of 4.11%. Edison International's payout ratio is 212.12%.
Analyst Ratings Changes
Several equities research analysts recently commented on EIX shares. Royal Bank of Canada raised their target price on Edison International from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Thursday, April 14th. Evercore ISI decreased their target price on Edison International to $71.00 in a research note on Tuesday. UBS Group decreased their target price on Edison International from $73.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, June 30th. Morgan Stanley raised their target price on Edison International from $55.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 21st. Finally, Citigroup raised their target price on Edison International from $67.00 to $79.00 in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $72.56.