Edison International [EIX] stock is trading at $69.46, up 0.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The EIX shares have gain 3.50% over the last week, with a monthly amount glided 7.36%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Want an Exciting Career? Edison International Accepting Applications for Lineworker Scholarship Program Designed to Strengthen a Diverse Workforce. In a post published today on Yahoo Finance, Applications for scholarships up to $25,000 are now being accepted for the 2024 Edison International Lineworker Scholarship Program. Funded by Edison International shareholders and IBEW Local 47, this scholarship is focused on growing Black, Asian Pacific Islander, Native American and female representation in Southern California Edison’s skilled workforce.
From an analyst’s perspective:
Edison International [NYSE: EIX] stock has seen the most recent analyst activity on January 22, 2024, when Guggenheim upgraded its rating to a Buy but kept the price target unchanged to $84 for it. Previously, Evercore ISI upgraded its rating to Outperform on October 23, 2023, and dropped its price target to $68. On August 23, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $68 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $75 on August 22, 2023. Ladenburg Thalmann upgraded its rating to a Neutral. Guggenheim downgraded its rating to Neutral for this stock on July 07, 2023. In a note dated April 03, 2023, Ladenburg Thalmann initiated an Sell rating and provided a target price of $66 on this stock.
Edison International [EIX] stock has fluctuated between $58.82 and $74.92 over the past year. Currently, Wall Street analysts expect the stock to reach $67.25 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $69.46 at the most recent close of the market. An investor can expect a potential drop of -3.18% based on the average EIX price forecast.
Analyzing the EIX fundamentals
Edison International [NYSE:EIX] reported sales of 16.34B for the trailing twelve months, which represents a drop of -7.72%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.94 points at the first support level, and at 68.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.75, and for the 2nd resistance point, it is at 70.04.
Edison International [EIX] reported earnings per share of $1.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.16/share, meaning a difference of $0.12 and a surprise factor of 10.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.38 per share as compared to estimates of $1.46 per share, a difference of -$0.08 representing a surprise of -5.50%.
Ratios To Look Out For
For context, Edison International’s Current Ratio is 0.79. On the other hand, the Quick Ratio is 0.73, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 22.33.
Transactions by insiders
Recent insider trading involved Choi Caroline, SENIOR VICE PRESIDENT, that happened on Sep 15 ’23 when 11222.0 shares were sold. SENIOR VICE PRESIDENT, Murphy J Andrew completed a deal on Apr 05 ’23 to sell 22471.0 shares.
