After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Edison International (EIX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.37, or -0.50%, to $73.26. The Edison International has recorded 19,381 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Long Beach Port Operators Lead the Way to Zero Emissions Goal.
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EIX belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $73.63 and fluctuated between $73.71 as its day high and $72.93 as its day low. The current market capitalization of Edison International is $27.76B. A total of 1.11 million shares were traded on the day, compared to an average of 1.86M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EIX has seen 10 BUY and 18 SELL insider trades, representing the acquisition of 52,581 and the disposition of 36,728 shares. Over the last 12 months, there were 23 BUYs and 39 SELLs from insiders. Insiders purchased 132,028 shares during that period but sold 77,814.
In the most recent transaction, Murphy J Andrew sold 22,471 shares of EIX for 72.03 per share on Apr 05. After the transaction, the SENIOR VICE PRESIDENT now owns 12,989 company shares.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Edison International pays an annual dividend of $2.95, resulting in a dividend yield of 4.01%, and it has a price to earnings (P/E) ratio of 33.78. EIX’s most recent ex-dividend date was 3/30/2023 when it declared a $0.7375 quarterly dividend that was paid in cash on 4/30/2023. Previously, the company paid the dividend on 1/31/2023 with an ex-dividend date of 12/29/2022. The EIX stock dividend was $0.7375 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EIX in the last 3 months, the mean price target is $74.54 with high estimates of $86.00 and low estimates of $59.00. In terms of 52-week highs and lows, EIX has a high of $74.92 and a low of $54.45.
As of this writing, EIX has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.12 per share and a lower estimate of $0.84. The company reported an EPS of $1.15 in the last quarter, which was 4.50% higher than expectations of $1.1.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EIX’s latest balance sheet shows that the firm has $390.00M in Cash & Short Term Investments as of fiscal 2021. There were $29.53B in debt and $8.61B in liabilities at the time. Its Book Value Per Share was $35.69, while its Total Shareholder’s Equity was $17.79B.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.17.