Press coverage about Edison International (NYSE:EIX) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Edison International earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.9672847090067 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- BRIEF-Edison International Says Priced Offering Of $550 Million 4.125% Senior Notes Due 2028 (feeds.reuters.com)
- How Sempra Energy Looks from a Valuation Perspective (finance.yahoo.com)
- Edison International (EIX) PT Lowered to $69.00 (americanbankingnews.com)
- Sempra Energy’s Price Targets and Wall Street’s Views (finance.yahoo.com)
- Geode Capital Management LLC Buys 193,975 Shares of Edison International (EIX) (americanbankingnews.com)
A number of analysts recently issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a $69.00 price objective (down previously from $72.00) on shares of Edison International in a report on Thursday. SunTrust Banks set a $69.00 price objective on shares of Edison International and gave the stock a “buy” rating in a report on Friday, February 23rd. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research downgraded shares of Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Finally, UBS Group assumed coverage on shares of Edison International in a report on Friday, February 2nd. They set a “neutral” rating and a $67.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Edison International currently has a consensus rating of “Hold” and an average target price of $76.93.
Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. Edison International had a net margin of 5.59% and a return on equity of 10.86%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned $1.02 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. sell-side analysts expect that Edison International will post 4.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be given a $0.605 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 4.02%. Edison International’s dividend payout ratio (DPR) is currently 140.70%.
Edison International Company Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.