Report On Edison International’s (EIX) Price Performance

The stock of Edison International (NYSE:EIX) increased by increased by $1.15 on Friday to finish at $60.45, up 1.94 percent. The last five days have seen an average of 1,490,160 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$2.37. The average number of shares traded over the last 20 days was 1,683,045, while the average volume over the last 50 days totaled 1,654,812.

EIX stock appreciated 4.93% since last month. On 10/01/21, the company’s shares reached a one-month low of $54.98. The stock touched a high of $66.68 on 01/13/21, after rallying from a low of $53.92 in 52 weeks. The price of EIX stock has declined by -3.77% or -$2.37 this year, reaching a new high 4 times. Still, the stock price is down -9.34% from the 52-week high.

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Insider Transactions

There have been 84 days since Edison International (EIX) last reported insider trading activity on Aug 02. On Aug 02, Director Taylor Peter J. sold 230 shares at $54.69 each. This transaction resulted in the insider making $12,579. On May 03, Taylor Peter J. sold 230 shares at a price of US$59.61. After the transaction, the insider now owns 19,997 shares. Director Trent Keith had earlier bought 271 shares on Mar 09 for $57.40 a share. The transaction was completed for $15,557.

Valuation Metrics

Edison International (EIX) has a trailing price-to-earnings (P/E) ratio of 28.23. This level actually compares unfavorably with the industry at large, as the PE for the Utilities – Regulated Electric industry stands at about 22.47. Further, its PE also compares unfavorably with the Utilities sector’s trailing 12 months PE ratio, which comes in at 23.78 right now. The PE ratio of Edison International has varied between 66.26 and 11.70 in the last five years. Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.60, the price-to-book (PB) ratio of 1.62.

Edison International’s dividend is $2.65 per share per year. With a dividend yield of 4.38%, EIX has a payout ratio of 89.80%. Company paid $0.6625 per share in dividends, a decrease of -0.08% from $0.6630 last year. A $0.0005 dividend decrease was reported on Thursday August 26 2021, making it the 17 consecutive year the dividend has increased. Over the last three years, dividends have increased by 15.34%.

For the three months ended June 29, Edison International’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.61, and the total debt to equity ratio is 1.84. As far as profitability goes, gross margin for the trailing twelve months is 62.80% percent. Edison International’s EBITDA margin for the year ended June 29 was 32.15%, whereas its operating margin stood at 9.90% for the same period. Based on annual data, it had gross profit of $1.22 billion and revenue of $13.58 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EIX’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 4.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.80%. ROE has averaged 9.87 in the past year for the broader industry.

Earnings Surprise

According to Edison International’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.31 billion, while revenues rose by 9.89% to $2.96 billion. It was predicted that Edison International’s quarterly earnings would be $0.94, but it ended up being $1.02, beating the consensus by -7.80%. EBITDA was $1.19 billion for the quarter. At the end of Edison International’s most recent quarter ended June 29, its liabilities totaled 53.85 billion, while its total debt was $27.17 billion. Equity owned by shareholders amounts to $379.7 million.

Technical Picture

Here’s a quick look at Edison International’s (EIX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 76.03%, suggesting the stock is Overbought, with a 15.03% historical volatility rate.

The stochastic %K and %D were 99.11% and 92.76% respectively, while the average true range (ATR) was 1.02. Based on the 14-day stochastic reading of 99.26%, the RSI (14) reading is 67.96%. On the 9-day MACD Oscillator, the stock is at 1.87, and the 14-day reading is at 2.29.

Analyst Ratings

Edison International (NYSE: EIX) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Edison International (EIX) an Overweight rating. EIX is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.

What is EIX’s price target for the next 12 months?

The current consensus forecast for the stock is between $58.00 and $79.00, with a median target price of $69.00. In analyzing these forecasts, the average price target given by analysts for Edison International (EIX) is $69.64.


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