Edison International (EIX) Given Media Sentiment Score of 0.25
Media coverage about Edison International (NYSE:EIX) has trended positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Edison International earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.7641558545733 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- Sumitomo Mitsui Trust Holdings, Inc. Buys A Little More Edison International (EIX) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
- Sumitomo Mitsui Trust Holdings, Inc. Increases Its Holdings in Edison International (EIX) (highlightpress.com)
- Can WPP plc (NASDAQ:WPPGY) or Edison International (NYSE:EIX) Climb The Ladder? – FLBC News (flbcnews.com)
- Edison International (NYSE:EIX) Sees Significantly Lower Trading Volume – Modern Readers (modernreaders.com)
- The Consolidated Edison Inc (NYSE:ED) Shares Bought by National Pension Service (ismboard.com)
Shares of Edison International (NYSE EIX) opened at 79.45 on Thursday. Edison International has a 1-year low of $67.44 and a 1-year high of $82.82. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 18.79 and a beta of 0.22. The stock has a 50 day moving average price of $78.68 and a 200 day moving average price of $78.39.
Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.92 billion. Edison International had a return on equity of 10.58% and a net margin of 12.64%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. On average, equities analysts anticipate that Edison International will post $4.24 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Mizuho reissued a “buy” rating and set a $91.50 price target on shares of Edison International in a research note on Wednesday, April 19th. Zacks Investment Research lowered Edison International from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. BMO Capital Markets reissued an “outperform” rating and set a $85.00 price target (up from $82.00) on shares of Edison International in a research note on Wednesday, May 3rd. Wolfe Research lowered Edison International from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 11th. Finally, Barclays PLC reissued an “equal weight” rating and set a $84.00 price target (up from $78.00) on shares of Edison International in a research note on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.46.
In other news, insider Ronald L. Litzinger sold 26,035 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $78.85, for a total value of $2,052,859.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Brett White sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $81.67, for a total value of $204,175.00. Following the completion of the sale, the director now owns 2,500 shares of the company’s stock, valued at $204,175. The disclosure for this sale can be found here. Insiders sold 31,035 shares of company stock valued at $2,460,285 over the last 90 days. 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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