Should You Be Worried About Edison International's (NYSE:EIX) 5.4% Return On Equity? [Yahoo! Finance]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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edison.com/home/investors.html
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Source: Yahoo! Finance
NYSE:EIX ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. How To Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Edison International is: 5.4% = US$961m ÷ US$18b (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.05 in profit. Does Edison International Have A Good Return On Equity? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As shown in th
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News
- Los Angeles-Area Wildfire Burns Homes and Forces Evacuations [Yahoo! Finance]Yahoo! Finance
- Edison International (NYSE: EIX) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $93.00 price target on the stock.MarketBeat
- Edison International (NYSE: EIX) had its price target raised by analysts at Barclays PLC from $89.00 to $91.00. They now have an "equal weight" rating on the stock.MarketBeat
- Edison International (NYSE: EIX) had its price target raised by analysts at Wells Fargo & Company from $87.00 to $94.00. They now have an "overweight" rating on the stock.MarketBeat
- Southern California Edison Announces Redemption of SCE Trust III 5.75% Fixed to Floating Rate Trust Preference SecuritiesBusiness Wire
EIX
Earnings
- 10/29/24 - Beat
EIX
Sec Filings
- 11/8/24 - Form 4
- 11/6/24 - Form 4
- 11/5/24 - Form 8-K
- EIX's page on the SEC website