Edison International (NYSE:EIX – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.75-5.05 for the period, compared to the consensus estimate of $4.92. Edison International also updated its FY 2024 guidance to 4.750-5.050 EPS.
Wall Street Analysts Forecast Growth
A number of research firms have commented on EIX. Barclays raised their price target on shares of Edison International from $69.00 to $70.00 and gave the stock an equal weight rating in a report on Monday, February 26th. Mizuho decreased their target price on Edison International from $76.00 to $75.00 and set a buy rating for the company in a research report on Thursday, January 25th. Royal Bank of Canada cut their price target on Edison International from $81.00 to $80.00 and set an outperform rating on the stock in a report on Thursday, March 7th. StockNews.com upgraded Edison International from a sell rating to a hold rating in a report on Saturday, February 24th. Finally, The Goldman Sachs Group began coverage on shares of Edison International in a research report on Wednesday, April 10th. They issued a neutral rating and a $78.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $73.60.
Check Out Our Latest Stock Report on EIX
Edison International Price Performance
Edison International (NYSE:EIX – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period in the prior year, the business earned $1.14 EPS. Equities research analysts forecast that Edison International will post 4.92 earnings per share for the current year.
Edison International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.39%. Edison International’s payout ratio is 100.00%.
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.
Featured Articles
- Five stocks we like better than Edison International
- How to Invest in Small Cap StocksĀ
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Basic Materials Stocks Investing
- Hilton Demonstrates Asset Light is Right for Investors
- About the Markup Calculator
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.