News articles about Edison International (NYSE:EIX) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Edison International earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.1395223419569 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Reviewing Edison International (EIX) and Exelon Corporation (EXC) (americanbankingnews.com)
- Analyzing PG&E’s Target Price, Valuation, and More (finance.yahoo.com)
- Insider Selling: Edison International (EIX) Insider Sells 224,718 Shares of Stock (americanbankingnews.com)
- Institutional Activity in Edison International in 3Q17 (finance.yahoo.com)
- Edison International (EIX) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of Edison International (NYSE EIX) opened at $80.89 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. Edison International has a 1 year low of $67.73 and a 1 year high of $83.38. The stock has a market cap of $26,354.85, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.24.
Edison International (NYSE:EIX) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.10. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. equities analysts anticipate that Edison International will post 4.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, September 28th. Edison International’s dividend payout ratio (DPR) is currently 48.98%.
Several research analysts have recently weighed in on EIX shares. Morgan Stanley upped their price target on shares of Edison International from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Bank of America Corporation reissued a “buy” rating and issued a $86.00 price objective on shares of Edison International in a research report on Tuesday, October 24th. BidaskClub raised shares of Edison International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price objective on shares of Edison International in a research report on Sunday, September 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price objective on shares of Edison International in a research report on Sunday, July 30th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.08.
In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the sale, the insider now directly owns 14,121 shares of the company’s stock, valued at $1,157,922. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
Edison International Company Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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