Edison International [EIX] stock prices are down -0.33% to $69.90 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EIX shares have gain 2.45% over the last week, with a monthly amount glided 3.62%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Advisory for Tuesday, April 30: Edison International to Hold Conference Call on First Quarter 2024 Financial Results. In a post published today on Yahoo Finance, Edison International (NYSE: EIX):.
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.
The stock price of Edison International [EIX] has been fluctuating between $58.82 and $74.92 over the past year. Currently, Wall Street analysts expect the stock to reach $71.83 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $69.90 at the most recent close of the market. An investor can expect a potential return of 2.76% based on the average EIX price forecast.
Analyzing the EIX fundamentals
The Edison International [NYSE:EIX] reported sales of 16.34B for trailing twelve months, representing 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 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.28.
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 69.68 points at the first support level, and at 69.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.31, and for the 2nd resistance point, it is at 70.71.
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
It’s worth pointing out that Edison International [NYSE:EIX]’s Current Ratio is 0.79. Also, the Quick Ratio is 0.73, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 22.47.
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.
