Zacks: Analysts Expect Edison International (EIX) to Announce $1.02 Earnings Per Share

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Brokerages expect Edison International (NYSE:EIX) to announce earnings per share (EPS) of $1.02 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Edison International’s earnings. The lowest EPS estimate is $0.86 and the highest is $1.14. Edison International posted earnings of $1.10 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.3%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, February 28th.

According to Zacks, analysts expect that Edison International will report full-year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.07 to $4.35. For the next fiscal year, analysts forecast that the firm will post earnings of $4.55 per share, with EPS estimates ranging from $4.50 to $4.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Edison International.

EIX has been the subject of a number of recent research reports. Zacks Investment Research reissued a “buy” rating and issued a $76.00 target price on shares of Edison International in a research report on Tuesday, November 13th. Citigroup raised Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $72.00 to $59.00 in a research report on Friday, November 16th. SunTrust Banks decreased their target price on Edison International to $75.00 and set a “buy” rating for the company in a research report on Thursday, November 15th. Mizuho raised Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $62.00 to $57.50 in a research report on Wednesday, November 21st. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Edison International in a research report on Monday, December 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.46.

Shares of Edison International stock opened at $60.41 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.66 and a current ratio of 0.72. Edison International has a 12 month low of $45.50 and a 12 month high of $71.00. The firm has a market cap of $18.95 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.15 and a beta of -0.04.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Monday, December 31st were given a $0.6125 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.61. This represents a $2.45 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Friday, December 28th. Edison International’s dividend payout ratio (DPR) is currently 54.44%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Enlightenment Research LLC purchased a new position in shares of Edison International in the fourth quarter valued at $28,000. Essex Investment Management Co. LLC purchased a new position in shares of Edison International in the fourth quarter valued at $28,000. Rehmann Capital Advisory Group grew its position in shares of Edison International by 57.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 199 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Edison International in the fourth quarter valued at $32,000. Finally, Bruderman Asset Management LLC purchased a new position in shares of Edison International in the fourth quarter valued at $35,000. Institutional investors own 83.86% of the company’s stock.

About Edison International

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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