Trade-Ideas LLC identified Edison International ( EIX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Edison International as such a stock due to the following factors:

  • EIX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $117.9 million.
  • EIX has traded 308,516 shares today.
  • EIX is trading at a new lifetime high.

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More details on EIX: Edison International, through its subsidiaries, generates and supplies electricity in the United States. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. The stock currently has a dividend yield of 2.7%. EIX has a PE ratio of 24. Currently there are 4 analysts that rate Edison International a buy, no analysts rate it a sell, and 5 rate it a hold. The average volume for Edison International has been 2.1 million shares per day over the past 30 days. Edison International has a market cap of $23.3 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.17 and a short float of 1.2% with 2.45 days to cover. Shares are up 21% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Edison International as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Highlights from the ratings report include:

  • The debt-to-equity ratio is somewhat low, currently at 0.87, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.19 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • 37.91% is the gross profit margin for EDISON INTERNATIONAL which we consider to be strong. Regardless of EIX's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, EIX's net profit margin of 12.33% compares favorably to the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.4%. Since the same quarter one year prior, revenues slightly dropped by 2.9%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • EDISON INTERNATIONAL's earnings per share declined by 9.9% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, EDISON INTERNATIONAL reported lower earnings of $2.99 versus $4.34 in the prior year. This year, the market expects an improvement in earnings ($3.90 versus $2.99).
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

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