Edison International Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Edison International stock. 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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7 Wall Street research analysts have issued 1-year price targets for Edison International's shares. Their EIX stock forecasts range from $59.00 to $82.00. On average, they anticipate Edison International's stock price to reach $72.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Edison International's stock was trading at $68.25 at the beginning of 2022. Since then, EIX stock has decreased by 6.6% and is now trading at $63.75.
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Edison International is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
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Edison International will be holding an earnings conference call on Thursday, July 28th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 203-369-0925 with passcode "4276".

Edison International (NYSE:EIX) posted its quarterly earnings data on Tuesday, May, 3rd. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.33. The utilities provider had revenue of $3.97 billion for the quarter, compared to analysts' expectations of $3.34 billion. Edison International had a net margin of 4.22% and a trailing twelve-month return on equity of 12.27%. Edison International's revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS.
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Edison International announced a quarterly dividend on Thursday, June 23rd. Investors of record on Tuesday, July 5th will be paid a dividend of $0.70 per share on Sunday, July 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, July 1st.
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Edison International(NYSE:EIX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.39%. EIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Edison International 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 of Edison International is 183.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Edison International will have a dividend payout ratio of 58.33% next year. This indicates that Edison International will be able to sustain or increase its dividend.
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Edison International issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $4.40-$4.70 for the period, compared to the consensus EPS estimate of $4.51. The company issued revenue guidance of -.

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

Some companies that are related to Edison International include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), Eversource Energy (ES), Entergy (ETR), FirstEnergy (FE), PPL (PPL), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM), ALLETE (ALE) and Otter Tail (OTTR).
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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 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 $63.75.

Edison International (NYSE:EIX) has a market capitalization of $24.28 billion and generates $14.91 billion in revenue each year. The utilities provider earns $925 million in net income (profit) each year or $1.529990 on an earnings per share basis.

Edison International employs 13,003 workers across the globe.

Edison International was founded in 1886.

Edison International's mailing address is 2244 WALNUT GROVE AVE P O BOX 976, ROSEMEAD CA, 91770. The official website for Edison International 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.