Edison International (NYSE:EIX – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.75-5.05 for the period, compared to the consensus earnings per share estimate of $4.92.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Mizuho decreased their price target on shares of Edison International from $76.00 to $75.00 and set a buy rating for the company in a research report on Thursday, January 25th. The Goldman Sachs Group started coverage on Edison International in a research note on Wednesday, April 10th. They issued a neutral rating and a $78.00 price objective on the stock. Royal Bank of Canada decreased their target price on shares of Edison International from $81.00 to $80.00 and set an outperform rating for the company in a research report on Thursday, March 7th. TheStreet lowered shares of Edison International from a b rating to a c+ rating in a research note on Thursday, February 22nd. Finally, Barclays lifted their target price on shares of Edison International from $69.00 to $70.00 and gave the stock an equal weight rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $73.60.
View Our Latest Research Report on EIX
Edison International Stock Down 0.4 %
Edison International (NYSE:EIX – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Edison International had a return on equity of 12.63% and a net margin of 8.35%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the company posted $1.14 EPS. On average, equities analysts predict that Edison International will post 4.92 EPS for the current year.
Edison International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.39%. Edison International’s payout ratio is 100.00%.
Edison International Company Profile
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.
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