Edison International (EIX) Receives Media Impact Score of 0.10
News coverage about Edison International (NYSE:EIX) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Edison International earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.9973534711867 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Inside Edison International’s Handsome Dividend Growth (marketrealist.com)
- Edison International (EIX) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Citigroup Inc. Increases Edison International (EIX) Price Target to $87.00 (americanbankingnews.com)
- Wildfires in California Set PG&E Ablaze, Stock Tumbles 7% (marketrealist.com)
- Friday Sector Laggards: Utilities, Healthcare (nasdaq.com)
Shares of Edison International (NYSE EIX) opened at 77.85 on Thursday. The company has a market cap of $25.36 billion, a PE ratio of 18.41 and a beta of 0.22. The stock’s 50 day moving average price is $79.04 and its 200-day moving average price is $79.45. Edison International has a one year low of $67.44 and a one year high of $82.82.
Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. Edison International had a net margin of 12.64% and a return on equity of 10.58%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business posted $0.85 EPS. Edison International’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that Edison International will post $4.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.17 annualized dividend and a dividend yield of 2.79%. Edison International’s payout ratio is currently 50.82%.
A number of research firms recently commented on EIX. BidaskClub upgraded Edison International from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Citigroup Inc. reiterated a “neutral” rating and set a $84.00 price target (down previously from $85.00) on shares of Edison International in a report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating on shares of Edison International in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $84.00 price target on shares of Edison International in a report on Sunday, September 17th. Finally, Zacks Investment Research upgraded Edison International from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, July 6th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $85.00.
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In other news, insider Ronald L. Litzinger sold 224,715 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $80.54, for a total transaction of $18,098,546.10. Following the completion of the sale, the insider now owns 14,121 shares in the company, valued at approximately $1,137,305.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.
Edison International Company Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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