According to Bloomberg Ratings, Edison International (NYSE:EIX) has received an average recommendation of “Hold” from ten ratings firms currently covering the company. Of the ten firms, one analyst has given a sell recommendation, six have provided a hold recommendation, and three have issued a buy recommendation on the stock. The average 1-year target price among brokerages that have covered the stock within the last year is $73.36.
On Monday, October 2nd, Edison International’s stock opened at $63.29. The stock’s 50-day moving average price is $69.52, while its 200-day moving average price stands at $69.86. With a market capitalization of $24.26 billion, the firm has a price-to-earnings (PE) ratio of 25.52, a price-to-earnings-growth (PEG) ratio of 3.64, and a beta of 0.81. Additionally, Edison International has a debt-to-equity ratio of 1.87 and quick and current ratios of 0.78 and 0.84 respectively. Over the past year, the company’s stock had a low of $54.45 and a high of $74.92.
In other news related to Edison International, Senior Vice President Caroline Choi recently sold 11,222 shares of the company’s stock in a transaction on Friday, September 15th at an average price of $71.64 per share for a total transaction amounting to $803,944.08 USD. Following this sale, Choi now owns 20,881 shares valued at approximately $1,495,914.84 USD as disclosed in a legal filing submitted to the Securities & Exchange Commission (SEC).
During its last quarterly earnings report posted on Thursday, July 27th , Edison International reported earnings per share (EPS) of $1.01 for the quarter, surpassing the consensus estimate of $0.95 by $0.06. The company’s return on equity was reported at 12.69% with a net margin of 6.81%. Edison International generated $3.96 billion in revenue for the quarter, slightly lower than the consensus estimate of $4.28 billion. In comparison to the same period in the previous year, the company saw a decline of 1.1% in revenue. Analysts specializing in the stock expect Edison International to deliver earnings per share (EPS) of 4.72 for the current fiscal year.
As information continues to evolve regarding Edison International, investors and analysts will closely monitor its performance and future prospects within the utilities sector.
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Analyst Reports and Dividend Analysis: Assessing the Potential of Edison International in the Energy Sector
Edison International (EIX), a prominent investor-owned energy company, has recently attracted the attention of analysts. The firm’s financial performance and market standing have been thoroughly explored and analyzed in numerous reports. One such report includes Barclays’ research analysis, which resulted in an increase of their price target for Edison International from $68.00 to $71.00.
Barclays is renowned for its in-depth research and analysis capabilities. Therefore, the upward revision of their price target indicates a positive outlook on the company’s future prospects. This suggests that Edison International may be displaying strong potential for growth and profitability within a competitive market.
StockNews.com also initiated coverage on Edison International, assigning a “hold” rating for the energy behemoth in one of their research reports published on August 17th. As an investment news platform, StockNews.com provides valuable insights into various industries and companies, allowing investors to make informed decisions based on the most recent developments.
However, not all analyst reports were bullish regarding Edison International’s performance. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a report published on July 7th. Such revisions can lead to confusion among investors who were considering investing in the company based on previous recommendations.
On the other hand, Royal Bank of Canada maintained an “outperform” rating for Edison International and established a $81.00 price target in their research report released on September 12th. This indicates that some analysts still see considerable growth opportunities for the company, potentially outperforming market expectations.
Interestingly, LADENBURG THALM/SH SH upgraded its assessment of Edison International from a “sell” rating to a “neutral” rating in another research report issued on August 15th. This significant reversal could indicate positive changes within the company or its operating environment that justify reconsideration by analysts.
In addition to analyst reports, investors should also pay attention to the company’s dividend payment and its impact on shareholder returns. Edison International recently announced a quarterly dividend, which will be distributed on October 31st. Shareholders of record as of September 29th will receive a dividend payment of $0.7375 per share. This represents an annualized dividend payout of $2.95 and brings the yield to an attractive 4.66%.
It is worth noting that Edison International’s current dividend payout ratio (DPR) is 118.95%, indicating that the company is distributing a higher percentage of its profits than it actually earns. While this may concern some investors, it could also suggest management’s commitment to providing consistent returns to shareholders.
Overall, Edison International remains an intriguing investment option for those interested in the energy sector. However, given the mixed analyst reviews and varying recommendations, investors must conduct their own due diligence before making any investment decisions related to Edison International.
As always, market conditions and industry dynamics are constantly evolving, so it is crucial for investors to stay up-to-date with the latest news and analysis to make informed choices based on their individual risk profiles and investment objectives.