As of close of business last night, Edison International’s stock clocked out at $66.55, down -2.16% from its previous closing price of $68.02. In other words, the price has decreased by -$1.47 from its previous closing price. On the day, 2057324 shares were traded.
Ratios:
To gain a deeper understanding of EIX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 2.28 whereas as Long-Term Debt/Eq ratio is at 2.03.
On October 23, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also lowered its target price recommendation from $74 to $68.
On August 23, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $68.Barclays initiated its Equal Weight rating on August 23, 2023, with a $68 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 15 when Choi Caroline sold 11,222 shares for $71.64 per share. The transaction valued at 803,967 led to the insider holds 20,881 shares of the business.
Murphy J Andrew sold 22,471 shares of EIX for $1,618,645 on Apr 05. The SENIOR VICE PRESIDENT now owns 12,989 shares after completing the transaction at $72.03 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EIX now has a Market Capitalization of 25.59B and an Enterprise Value of 62.23B. As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.39, and their Forward P/E ratio for the next fiscal year is 11.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.85. Its current Enterprise Value per Revenue stands at 3.81 whereas that against EBITDA is 10.64.
Stock Price History:
Over the past 52 weeks, EIX has reached a high of $74.92, while it has fallen to a 52-week low of $58.82. The 50-Day Moving Average of the stock is 68.44, while the 200-Day Moving Average is calculated to be 67.82.
Shares Statistics:
It appears that EIX traded 2.56M shares on average per day over the past three months and 2.7M shares per day over the past ten days. A total of 384.52M shares are outstanding, with a floating share count of 384.09M. Insiders hold about 0.11% of the company’s shares, while institutions hold 91.10% stake in the company. Shares short for EIX as of Feb 15, 2024 were 6.56M with a Short Ratio of 2.57, compared to 4.05M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.71% and a Short% of Float of 2.46%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.99, EIX has a forward annual dividend rate of 2.99. Against a Trailing Annual Dividend Yield of 4.40%, it implies a Forward Annual Dividend Yield of 4.69%. The stock’s 5-year Average Dividend Yield is 4.20. The current Payout Ratio is 96.17% for EIX, which recently paid a dividend on Apr 30, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on Jun 22, 1993 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.2 for the current quarter, with a high estimate of $1.56 and a low estimate of $1.09, while EPS last year was $1.09. The consensus estimate for the next quarter is $1.05, with high estimates of $1.28 and low estimates of $0.91.
Analysts are recommending an EPS of between $5.17 and $4.82 for the fiscal current year, implying an average EPS of $4.96. EPS for the following year is $5.57, with 10 analysts recommending between $5.7 and $5.36.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $4.22B. It ranges from a high estimate of $4.28B to a low estimate of $4.16B. As of the current estimate, Edison International’s year-ago sales were $4.25B, an estimated decrease of -0.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $4.11B, an increase of 3.70% over than the figure of -$0.70% in the same quarter last year. There is a high estimate of $4.11B for the next quarter, whereas the lowest estimate is $4.11B.
A total of 9 analysts have provided revenue estimates for EIX’s current fiscal year. The highest revenue estimate was $19.78B, while the lowest revenue estimate was $16.44B, resulting in an average revenue estimate of $17.98B. In the same quarter a year ago, actual revenue was $16.34B, up 10.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $18.71B in the next fiscal year. The high estimate is $20.6B and the low estimate is $17.22B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.
