Edison International and its subsidiary Southern California Edison have declared dividends for Q3, demonstrating potential stability for investors. However, measures indicate that the firm is relying heavily on debt. Even at a current price of US$83.41, it's suggested that investors may want to look into the company. In recent trading, the company’s stock has seen rises, despite underperforming the general market. Analyst targets for Edison's stock point towards potential growth and recent increases in their price targets to $68.00. Shares have been sold by the New York State Teachers Retirement System but it’s not specified why. Edison’s plans to grow after regulatory application suggest expansion. Second-quarter and first-quarter results for 2024 showed promising growth, with the Q1 earnings surpassing expectations. Q2 2024 Earnings reveal an EPS of $1.14, beating estimates. The stock price performance has been outperforming its underlying earnings growth over the last three years. Compensation for the CEO has been deemed fair for the time being. Estimates for Q3 2024 earnings forecast have been issued, with Edison shares crossing the 4% yield mark. The dividend analysis shows reduced risk from fire for a subsidiary of Edison, contributing to its positive performance.
Edison International EIX News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sat, 24 Aug 2024 14:57:32 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor -2
