Edison International (NYSE:EIX) saw a downside of -1.00% to close Tuesday at $55.53 after subtracting -$0.56 on the day. The 5-day average trading volume is 1,658,140 shares of the company’s common stock. It has gained $58.00 in the past week. An average of 1,741,485 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,638,702.
EIX’s 1-month performance is -5.98% or -$2.60 on its low of $54.98 reached on 10/01/21. The company’s shares have touched a 52-week low of $53.92 and high of $66.68, with the stock’s rally to the 52-week high happening on 01/13/21. YTD, EIX has lost -11.60% or -$7.29. However, the current price is down -16.72%% from the 52-week high price.
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On Aug 02, 72 days have gone by since the last insider trading activity for Edison International (EIX). Taylor Peter J. (Director) most recently sold 230 shares at $54.69 per share on Aug 02. This transaction cost the insider $12,579. Director, Taylor Peter J., sold 230 shares at a price of $59.61 on May 03. Then, on Mar 01, Director Taylor Peter J. sold 230 shares at a price of $54.60 per share. This transaction amounted to $12,558.
The company’s PE ratio for the last five years has touched a high of 66.26 and a low of 11.70. EIX stock has a beta of 0.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price-to-book (PB) in the most recent quarter is 1.49.
Edison International pays an annual dividend of $2.65 per share. Its dividend yield is 4.77% and the payout ratio is 89.80%. EIX paid $0.6625 a share compared with prior rate of $0.6630, down -0.08% from last year’s. The company has boosted its dividend for the last 17 consecutive years with the latest dividend decrease of $0.0005 reported on Thursday August 26 2021. Measured over the last 3 years, the Dividend has been growing by 15.34% yearly.
It is projected that Edison International’s next ex-dividend date will be on 31-Dec. EIX is expected to distribute $0.6625 as its next dividend.
Edison International’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that EIX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.61, while the total debt to equity was 1.84. In terms of profitability, the gross margin trailing 12 months is 62.80%. The trailing 12-month EBITDA margin is 32.15% while for the period ending June 29; Edison International’s operating margin was 9.90%. The firm’s gross profit as reported stood at $1.22 billion against revenue of $13.58 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EIX to announce $1.02 per share in earnings in its latest quarter, but it posted $0.94, representing a -7.80% surprise. EBITDA for the quarter stood at more than $1.19 billion. EIX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 53.85 billion, with total debt at $27.17 billion. Shareholders hold equity totaling $379.7 million
Let’s look briefly at Edison International (EIX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 37.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.64%.
The stock’s 5-day moving average is $56.50, reflecting a -0.27% or -$0.15 change from its current price. EIX is currently trading -5.04% above its 20-day SMA, -3.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.78% and -10.71% respectively.
Stochastic %K and %D was 32.57% and 43.08% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 40.36%, while the 14-day stochastic is at 14.07% with the period’s ATR at 1.07. The stock’s 9-day MACD Oscillator is pointing at 0.15 and -0.27 on the 14-day charts.
In the most recent analyst report for Edison International (NYSE: EIX), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for EIX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EIX as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is EIX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $59.00 and a high of $79.00, with their median price target at $69.00. Looking at these predictions, the average price target given by analysts is for Edison International (EIX) stock is $69.71.