Edison International (EIX): A Case For Going Higher

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Advisory for Thursday, Feb. 22, 2024: Edison International to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $66.54 and fluctuated between $67.15 as its day high and $66.02 as its day low. The current market capitalization of Edison International is $25.52B. A total of 1.92 million shares were traded on the day, compared to an average of 2.43M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EIX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 20 SELLs from insiders. Insiders purchased 72,657 shares during that period but sold 47,951.

In the most recent transaction, Choi Caroline sold 11,222 shares of EIX for 71.64 per share on Sep 15. After the transaction, the SENIOR VICE PRESIDENT now owns 20,881 company shares. In a previous transaction on Apr 05, Murphy J Andrew sold 22,471 shares at 72.03 per share. EIX shares that SENIOR VICE PRESIDENT owns now total 12,989.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Edison International pays an annual dividend of $2.99, resulting in a dividend yield of 4.50%, and it has a price to earnings (P/E) ratio of 20.73. EIX’s most recent ex-dividend date was 12/28/2023 when it declared a $0.78 quarterly dividend that was paid in cash on 1/31/2024. Previously, the company paid the dividend on 10/31/2023 with an ex-dividend date of 9/28/2023. The EIX stock dividend was $0.7375 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EIX in the last 3 months, the mean price target is $74.57 with high estimates of $86.00 and low estimates of $60.00. In terms of 52-week highs and lows, EIX has a high of $74.92 and a low of $58.82.

As of this writing, EIX has an earnings estimate of $CONSOL Energy Inc. per share for the current quarter. EPS was calculated based on a consensus of Equinix, Inc. estimates, with a high estimate of $Wix.com Ltd. per share and a lower estimate of $Direxion Energy Bull 2X Shares.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $35.70, while its Total Shareholder’s Equity was $17.79B.

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, 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 3.62.

Most Popular

Related Posts