In What Direction Will Edison International’s (NYSE:EIX) Stock Goes From Here?

The closing price of Edison International (NYSE: EIX) was 65.80 for the day, down -0.62% from the previous closing price of $66.21. On the day, 1505135 shares were traded. EIX reached its highest trading level at $66.57 during the session, while it also had its lowest trading level at $65.51.

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Ratios:

Our analysis of EIX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 2.12 whereas as Long-Term Debt/Eq ratio is at 1.82.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on September 06, 2022, Downgraded its rating to Underweight and sets its target price to $62 from $69 previously.

UBS Downgraded its Buy to Neutral on June 06, 2022, whereas the target price for the stock was revised from $75 to $73.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 02 when CHANG VANESSA C L bought 111 shares for $69.30 per share. The transaction valued at 7,692 led to the insider holds 6,178 shares of the business.

CHANG VANESSA C L bought 155 shares of EIX for $10,413 on Mar 24. The Director now owns 6,011 shares after completing the transaction at $67.18 per share. On Mar 23, another insider, CHANG VANESSA C L, who serves as the Director of the company, bought 200 shares for $66.17 each. As a result, the insider paid 13,234 and bolstered with 5,856 shares of the company.

Valuation Measures:

As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.44, and their Forward P/E ratio for the next fiscal year is 13.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 1.82.

Stock Price History:

Over the past 52 weeks, EIX has reached a high of $73.32, while it has fallen to a 52-week low of $54.98. The 50-Day Moving Average of the stock is 67.42, while the 200-Day Moving Average is calculated to be 66.23.

Shares Statistics:

EIX traded an average of 1.56M shares per day over the past three months and 1.7M shares per day over the past ten days. A total of 381.43M shares are outstanding, with a floating share count of 381.08M. Insiders hold about 0.09% of the company’s shares, while institutions hold 90.40% stake in the company. Shares short for EIX as of Jul 14, 2022 were 4.93M with a Short Ratio of 3.82, compared to 4.82M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.29% and a Short% of Float of 1.59%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.60, EIX has a forward annual dividend rate of 2.80. Against a Trailing Annual Dividend Yield of 3.93%, it implies a Forward Annual Dividend Yield of 4.13%. The stock’s 5-year Average Dividend Yield is 3.96. The current Payout Ratio is 204.60% for EIX, which recently paid a dividend on Oct 30, 2022 with an ex-dividend date of Jun 30, 2022. Stock splits for the company last occurred on Jun 21, 1993 when the company split stock in a 2:1 ratio.

Earnings Estimates

The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of $1.64 for the current quarter, with a high estimate of $2.17 and a low estimate of $1.19, while EPS last year was $1.69. The consensus estimate for the next quarter is $0.91, with high estimates of $1.1 and low estimates of $0.74.

Analysts are recommending an EPS of between $4.74 and $4.1 for the fiscal current year, implying an average EPS of $4.5. EPS for the following year is $4.85, with 17 analysts recommending between $5.16 and $4.62.

Revenue Estimates

A total of 13 analysts have provided revenue estimates for EIX’s current fiscal year. The highest revenue estimate was $16.62B, while the lowest revenue estimate was $14.11B, resulting in an average revenue estimate of $15.58B. In the same quarter a year ago, actual revenue was $14.9B, up 4.50% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $16.26B in the next fiscal year. The high estimate is $18.64B and the low estimate is $14.68B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.