Edison International (NYSE:EIX) finished Thursday with an addition of $0.51 to close at $57.12, an upside of 0.90 percent. An average of 1,587,640 shares of common stock have been traded in the last five days. There was a gain of $1.65 in the past week. The last 20 days have seen an average of 1,737,865 shares traded, while the 50-day average volume stands at 1,699,128.
EIX stock has decreased by -3.33% in the last month. The company shares reached their 1-month lowest point of $54.98 on 10/01/21. With the stock rallying to its 52-week high on 01/13/21, shares of the company touched a low of $53.92 and a high of $66.68 in 52 weeks. In spite of this, the price is down -14.34% from the 52-week high.
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67 days have passed since Edison International (EIX) last reported insider trading activity. Taylor Peter J., who is Director, most recently acquired $230 shares at $54.69 per share on Aug 02. In this transaction, the insider spent $12,579. Director, Taylor Peter J., disposed of 230 shares at a price of $59.61 on May 03. The insider now owns more than $13,710 worth of shares. Prior to that, Director Taylor Peter J. went on to Sale 230 shares at $54.60 each on Mar 01. An amount of $12,558 was transacted.
Edison International (EIX) has a trailing price-to-earnings (P/E) ratio of 26.68, which compares with the 17.20 for the broader industry and 23.35 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Edison International’s PE ratio has ranged between 66.26 and 11.70. The stock’s beta is 0.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.55, the price-to-book (PB) ratio at 1.53.
Edison International pays a $2.65 dividend per share annually. It offers a dividend yield of 4.64%. The company has a payout ratio of 89.80%. The company’s most recent quarterly dividend payment was $0.6625 a share, representing a down of -0.08 from $0.6630 last year. Its dividend has been increased for the last 17 consecutive years with the latest decrease dividend $0.0005 reported on Thursday August 26 2021. Dividends have grown by 15.34% each year over the last three years.
Edison International will next go ex-dividend on 31-Dec. The next dividend payment Edison International will make is expected to be $0.6625.
The quick ratio of Edison International for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.61 and a total debt to equity ratio of 1.84 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 62.80% against a 5-year average of 36.7%. Edison International’s EBITDA margin for the year ending June 29 is 32.15%, while its operating margin for the same period stands at 9.90%. Its gross profit as reported stood at $1.22 billion compared to revenue of $13.58 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Edison International’s return on assets was 1.20%, compared to 1.2% over the last five years. In the past year, the return on investment has been 4.10%, and the 5-year average is 4.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been 5.80% and the 5-year average holds at 5.7%. For the broader industry, ROE averaged 9.87 over the past year.
The analyst consensus anticipated Edison International’s latest quarter earnings to come in at $1.02 per share, but it turned out to be $0.94, a -7.80% surprise. For the recent quarter, EBITDA amounted to $1.19 billion. Shareholders own equity worth $379.7 million.
From a technical analysis perspective, let’s take a brief look at Edison International (EIX) price momentum. RSI 9-day as of the close on 07 October was 51.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.56%.
As of today, EIX’s price is $56.14 +2.97% or $1.65 from its 5-day moving average. EIX is currently trading -2.63% lower than its 20-day SMA and -1.13% lower than its 100-day SMA. However, the stock’s current price level is +0.53% above the SMA50 and -7.69% below the SMA200.
The stochastic %K and %D were 37.93% and 27.69%, respectively, and the average true range (ATR) was 1.15. With the 14-day stochastic at 54.73% and the average true range at 1.11, the RSI (14) stands at 49.65%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.40.
BofA Securities downgraded Edison International (NYSE: EIX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Edison International (EIX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EIX, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is EIX’s price target for the next 12 months?
Analysts predict a range of price targets between $59.00 and $79.00, with a median target of $69.00. Taking a look at these predictions, the average price target given by analysts for Edison International (EIX) stock is $69.57.