Zacks Research Has Negative Forecast for EIX Q4 Earnings

Edison International (NYSE:EIX) – Equities researchers at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of Edison International in a note issued to investors on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings of $1.12 per share for the quarter, down from their previous estimate of $1.18. The consensus estimate for Edison International’s current full-year earnings is $4.95 per share. Zacks Research also issued estimates for Edison International’s Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.36 EPS, FY2025 earnings at $5.64 EPS, Q3 2026 earnings at $1.69 EPS and FY2026 earnings at $5.94 EPS.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.13. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share.

Several other analysts have also recently issued reports on EIX. Royal Bank of Canada increased their price objective on Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Bank of America began coverage on Edison International in a research report on Thursday, September 12th. They issued a “buy” rating and a $95.00 price target on the stock. Evercore ISI upped their target price on shares of Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. UBS Group boosted their price target on shares of Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group initiated coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Edison International Stock Performance

Shares of EIX stock opened at $86.12 on Thursday. The firm has a 50 day moving average of $84.57 and a two-hundred day moving average of $79.94. The stock has a market capitalization of $33.34 billion, a PE ratio of 25.26, a P/E/G ratio of 2.05 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 52 week low of $63.15 and a 52 week high of $88.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Edison International during the third quarter worth approximately $1,791,000. Toronto Dominion Bank raised its position in Edison International by 45.5% during the 3rd quarter. Toronto Dominion Bank now owns 180,916 shares of the utilities provider’s stock worth $15,756,000 after buying an additional 56,571 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Edison International by 5.3% during the third quarter. Coldstream Capital Management Inc. now owns 8,426 shares of the utilities provider’s stock worth $732,000 after acquiring an additional 421 shares during the period. Strait & Sound Wealth Management LLC raised its holdings in Edison International by 52.9% during the third quarter. Strait & Sound Wealth Management LLC now owns 5,823 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 2,014 shares in the last quarter. Finally, RB Capital Management LLC acquired a new stake in Edison International in the third quarter valued at about $245,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO J Andrew Murphy sold 1,362 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $85.00, for a total transaction of $115,770.00. Following the completion of the sale, the chief executive officer now owns 19,850 shares in the company, valued at approximately $1,687,250. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Adam S. Umanoff sold 25,619 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total value of $2,127,657.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,878 shares of company stock valued at $4,285,422. 1.03% of the stock is currently owned by company insiders.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s dividend payout ratio is currently 91.50%.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.