In the latest trading session, 0.38 million Edison International (NYSE:EIX) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $51.82 changing hands around $0.1 or 0.19% at last look, the market valuation stands at $20.06B. EIX’s current price is a discount, trading about -71.3% off its 52-week high of $88.77. The share price had its 52-week low at $51.58, which suggests the last value was 0.46% up since then. When we look at Edison International’s average trading volume, we note the 10-day average is 6.93 million shares, with the 3-month average coming to 4.00 million.
Analysts gave the Edison International (EIX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 1 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended EIX as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Edison International’s EPS for the current quarter is expected to be 1.09.
Edison International (NYSE:EIX) trade information
Instantly EIX is in green as seen in intraday trades today. With action -7.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -35.10%, with the 5-day performance at -7.13% in the red. However, in the 30-day time frame, Edison International (NYSE:EIX) is -35.06% down. Looking at the short shares, we see there were 6.04 million shares sold at short interest cover period of 1.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90.5, meaning bulls need an upside of 42.74% from its recent market value. According to analyst projections, EIX’s forecast low is 67 with 100 as the target high. To hit the forecast high, the stock’s price needs a -92.98% plunge from its current level, while the stock would need to soar -29.29% for it to hit the projected low.
Edison International (EIX) estimates and forecasts
Data shows that the Edison International share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -35.67% over the past 6 months, a 3.78% in annual growth rate that is considerably lower than the industry average of 4.40%. Year-over-year growth is forecast to reach 5.68% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 3.92B. 4 analysts are of the opinion that Edison International’s revenue for the current quarter will be 4.39B. The company’s revenue for the corresponding quarters a year ago was 3.71B and 4.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.77%. The estimates for the next quarter sales put growth at 7.72%.
The 2025 estimates are for Edison International earnings to increase by 3.99%, but the outlook for the next 5-year period is at 8.35% per year.
EIX Dividends
Edison International is expected to release its next quarterly earnings report in March. The 6.11% annual yield figure for the share gives it an annual dividend of 3.17. It is important to note, however, that the 6.11% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.3 per year.
Edison International (NYSE:EIX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.18% of Edison International shares while 91.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.35%. There are 91.18% institutions holding the Edison International stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.11% of the shares, roughly 46.62 million EIX shares worth $3.35 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.9259% or 38.21 million shares worth $2.74 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 12.16 shares estimated at $629.74 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.61% of the shares, roughly 10.11 shares worth around $523.78 million.
