With 2.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.8 million shares. The 52-week range on EIX shows that it touched its highest point at $88.77 and its lowest point at $49.06 during that stretch. It currently has a 1-year price target of $67.01. With its current market cap of 21.63 billion, EIX has annualized dividend of $3.21 while the current yield stands at 5.72%. Beta for the stock currently stands at 0.79.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EIX was down-trending over the past week, with a drop of -2.40%, but this was down by -3.34% over a month. Three-month performance surged to 7.76% while six-month performance fell -33.14%. The stock lost -26.12% in the past year, while it has lost -29.58% so far this year. A look at the trailing 12-month EPS for EIX yields 7.05 with Next year EPS estimates of 6.13. For the next quarter, that number is 1.50. This implies an EPS growth rate of 22.78% for this year and 1.35% for next year. EPS is expected to grow by 9.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.53%.
Float and Shares Shorts:
At present, 384.76 million EIX shares are outstanding with a float of 384.17 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EIX since 12 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.00286 being high and $4.9026 being low. For EIX, this leads to a yearly average estimate of $4.95273.
