Southern (NYSE:SO) will be releasing its earnings data before the market opens on Wednesday, November 7th. Analysts expect Southern to post earnings of $1.06 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. Southern had a net margin of 9.96% and a return on equity of 13.06%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The company’s quarterly revenue was up 3.6% 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 $45.82 on Wednesday. Southern has a one year low of $42.38 and a one year high of $53.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.68. The stock has a market capitalization of $45.49 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 3.32 and a beta of -0.05.
SO has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, October 9th. Bank of America upgraded shares of Southern from an “underperform” rating to a “neutral” rating and set a $46.00 price target for the company in a report on Wednesday, October 10th. Morgan Stanley boosted their price target on shares of Southern from $42.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, July 16th. Citigroup lowered shares of Southern from a “neutral” rating to a “sell” rating and set a $45.00 price target for the company. in a report on Wednesday, August 8th. Finally, Howard Weil initiated coverage on shares of Southern in a report on Tuesday, July 24th. They issued a “sector perform” rating and a $45.00 price target for the company. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.11.
In related news, EVP Christopher C. Womack sold 16,371 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $47.40, for a total transaction of $775,985.40. Following the completion of the transaction, the executive vice president now owns 10,165 shares in the company, valued at approximately $481,821. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. 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, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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