Southern Company (The) (SO) to Release Earnings on Wednesday
Southern Company (The) (NYSE:SO) is scheduled to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Southern Company (The) to post earnings of $1.18 per share for the quarter.
Southern Company (The) (NYSE:SO) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Southern Company (The) had a return on equity of 11.30% and a net margin of 2.93%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts expect Southern Company (The) to post $2.95 EPS for the current fiscal year and $3.03 EPS for the next fiscal year.
Southern Company (SO) opened at 52.37 on Wednesday. The firm has a market capitalization of $52.34 billion, a price-to-earnings ratio of 86.13 and a beta of 0.13. The company’s 50-day moving average price is $50.04 and its 200 day moving average price is $49.44. Southern Company has a 12 month low of $46.20 and a 12 month high of $52.41.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, November 17th. Southern Company (The)’s dividend payout ratio is presently 346.27%.
A number of research firms have weighed in on SO. SunTrust Banks, Inc. restated a “hold” rating and issued a $52.00 price target on shares of Southern Company (The) in a research note on Friday, October 20th. Bank of America Corporation restated an “underperform” rating and issued a $51.00 price target on shares of Southern Company (The) in a research note on Tuesday. Royal Bank Of Canada restated a “hold” rating and issued a $53.00 price target on shares of Southern Company (The) in a research note on Monday, July 31st. J P Morgan Chase & Co began coverage on Southern Company (The) in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $16.78 price target on the stock. Finally, BidaskClub cut Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.72.
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In related news, CEO William P. Bowers sold 85,151 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $50.00, for a total value of $4,257,550.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher C. Womack sold 75,144 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now owns 85,298 shares in the company, valued at approximately $4,204,338.42. The disclosure for this sale can be found here. Insiders sold a total of 190,295 shares of company stock worth $9,526,798 in the last 90 days. 0.74% of the stock is currently owned by insiders.
Southern Company (The) Company Profile
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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