Southern (NYSE:SO) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Southern has set its FY19 guidance at $2.98-3.10 EPS and its Q3 guidance at $1.10 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Southern (NYSE:SO) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. Southern had a return on equity of 10.04% and a net margin of 20.18%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts expect Southern to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:SO opened at $61.44 on Wednesday. Southern has a 1-year low of $42.50 and a 1-year high of $62.36. The business’s 50-day moving average price is $60.92 and its two-hundred day moving average price is $56.46. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $64.14 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 4.44 and a beta of 0.16.
Several equities analysts have weighed in on the company. Bank of America increased their target price on Southern from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Morgan Stanley cut their target price on Southern from $55.00 to $54.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. ValuEngine lowered Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group increased their target price on Southern from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, SunTrust Banks set a $59.00 target price on Southern and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $55.70.
In other news, CEO Stephen E. Kuczynski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $58.28, for a total transaction of $116,560.00. Following the sale, the chief executive officer now owns 69,772 shares of the company’s stock, valued at $4,066,312.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James Y. Kerr II sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $62.16, for a total value of $1,554,000.00. Following the sale, the executive vice president now directly owns 67,655 shares in the company, valued at approximately $4,205,434.80. The disclosure for this sale can be found here. Insiders sold 202,533 shares of company stock worth $12,386,567 in the last three months. Insiders own 0.88% of the company’s stock.
Southern Company Profile
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.
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