Edison International (EIX) Expected to Announce Earnings on Thursday

Edison International (NYSE:EIX) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Edison International to post earnings of $1.08 per share and revenue of $3.92 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Edison International Stock Performance

Shares of EIX opened at $52.08 on Wednesday. The firm has a market cap of $20.16 billion, a PE ratio of 15.27, a PEG ratio of 1.07 and a beta of 0.90. The stock’s fifty day moving average price is $62.92 and its two-hundred day moving average price is $77.04. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were paid a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.36%. Edison International’s payout ratio is presently 97.07%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley lowered their target price on Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company boosted their target price on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Barclays decreased their price objective on Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group initiated coverage on Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.11.

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.