Edison International (EIX) Expected to Announce Quarterly Earnings on Thursday

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

Edison International Stock Down 0.2 %

EIX opened at $52.06 on Tuesday. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a fifty day moving average of $63.49 and a two-hundred day moving average of $77.25. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.07 and a beta of 0.90.

Edison International Increases Dividend

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

Analyst Ratings Changes

EIX has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Edison International in a report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective for the company. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. Morgan Stanley dropped their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Edison International presently has an average rating of “Moderate Buy” and a consensus 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.