Edison International (NYSE:EIX) Issues Quarterly Earnings Results

Edison International (NYSE:EIX) released its earnings results on Tuesday. The utilities provider reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.24, MarketWatch Earnings reports. Edison International had a return on equity of 9.80% and a net margin of 9.42%. During the same period in the prior year, the business posted $1.50 earnings per share. Edison International updated its FY 2020
After-Hours guidance to 4.47-4.62 EPS.

Shares of EIX opened at $56.56 on Thursday. The business’s fifty day simple moving average is $54.04 and its two-hundred day simple moving average is $55.72. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Edison International has a 12 month low of $43.63 and a 12 month high of $78.93. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 4.53 and a beta of 0.46.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, September 30th will be issued a $0.6375 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.55 dividend on an annualized basis and a yield of 4.51%. Edison International’s payout ratio is currently 54.26%.

A number of brokerages have recently issued reports on EIX. Royal Bank of Canada reaffirmed a “buy” rating on shares of Edison International in a research note on Tuesday, August 4th. Morgan Stanley decreased their price objective on shares of Edison International from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday. KeyCorp cut their target price on Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Mizuho cut their price objective on Edison International from $67.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Finally, Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating and set a $63.00 target price on the stock in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Edison International currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. It 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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Earnings History for Edison International (NYSE:EIX)

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