Somewhat Favorable News Coverage Somewhat Unlikely to Impact Edison International (EIX) Share Price

News articles about Edison International (NYSE:EIX) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Edison International earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.9210025034434 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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EIX stock traded down $0.50 during trading on Friday, reaching $64.12. 1,387,485 shares of the stock were exchanged, compared to its average volume of 2,119,602. Edison International has a twelve month low of $57.63 and a twelve month high of $83.38. The company has a market cap of $21,053.92, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.83 and a beta of 0.13. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.84.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.17. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.98 billion. Edison International had a return on equity of 10.86% and a net margin of 5.59%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. equities research analysts anticipate that Edison International will post 4.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, March 28th. Edison International’s payout ratio is 53.78%.

Several brokerages have recently issued reports on EIX. Morgan Stanley raised their price target on Edison International from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. Edward Jones raised Edison International from a “sell” rating to a “hold” rating in a research report on Thursday, April 5th. Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. SunTrust Banks set a $71.00 target price on Edison International and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, UBS assumed coverage on Edison International in a research report on Friday, February 2nd. They set a “neutral” rating and a $67.00 target price on the stock. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Edison International presently has a consensus rating of “Hold” and a consensus target price of $77.00.

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Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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