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Friday, December 2, 2022

This Is Too Hot For Edison International (NYSE: EIX), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Edison International (EIX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.69, or -2.61%, to $63.17. Volume reached 74,242 shares, with price reaching a high of $63.17 and a low of $63.17. Most recently, Yahoo Finance reported about the stock as it publicized that Keeping Cool: 8 Tips for Air Conditioner Efficiency.


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Stocks Info

As a NYSE listed company, EIX falls under the Utilities sector while operating within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $63.17 and fluctuated between $64.92 as its day high and $62.52 as its day low. The current market capitalization of Edison International is $24.44B. A total of 1.74 million shares were traded on the day, compared to an average of 1.56M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EIX has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 2,673 and the disposition of 1 shares. Over the last 12 months, there were 28 BUYs and 43 SELLs from insiders. Insiders purchased 161,527 shares during that period but sold 82,615.

In the most recent transaction, CHANG VANESSA C L bought 111 shares of EIX for 69.30 per share on May 02. After the transaction, the Director now owns 6,178 company shares. In a previous transaction on Mar 24, CHANG VANESSA C L bought 155 shares at 67.18 per share. EIX shares that Director owns now total 6,011.

Among the insiders who bought shares, CHANG VANESSA C L acquired of 200 shares on Mar 23 at a per-share price of $66.17. This resulted in the Director holding 5,856 shares of EIX after the transaction. In another insider transaction, Taylor Peter J. sold 3,100 shares at $63.56 per share on Nov 17. Company shares held by the Director now total 19,076.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Edison International pays an annual dividend of $2.80, resulting in a dividend yield of 4.43%, and it has a price to earnings (P/E) ratio of 47.46. EIX’s most recent ex-dividend date was 07/01/2022 when it declared a $0.70 quarterly dividend that was paid in cash on 07/31/2022. Previously, the company paid the dividend on 04/30/2022 with an ex-dividend date of 03/30/2022. The dividend was $0.70 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EIX in the last 3 months, the mean price target is $73.47 with high estimates of $82.00 and low estimates of $62.00. In terms of 52-week highs and lows, EIX has a high of $73.32 and a low of $54.98.

As of this writing, EIX has an earnings estimate of $1.65 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.89 per share and a lower estimate of $1.34. The company reported an EPS of $0.94 in the last quarter, which was 4.44% higher than expectations of $0.9.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EIX is Underweight with a score of 3.11. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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