Analysts Anticipate The Southern Company (NYSE:SO) to Announce $0.90 Earnings Per Share

Equities research analysts forecast that The Southern Company (NYSE:SOGet Rating) will post earnings per share (EPS) of $0.90 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Southern’s earnings, with estimates ranging from $0.89 to $0.92. Southern posted earnings per share of $0.84 in the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Southern will report full year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.54 to $3.58. For the next year, analysts anticipate that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.72 to $3.81. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Southern.

Southern (NYSE:SOGet Rating) last issued its earnings results on Thursday, April 28th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.06. Southern had a return on equity of 11.34% and a net margin of 10.09%. The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $5.93 billion. During the same period in the prior year, the firm posted $0.98 EPS. Southern’s quarterly revenue was up 11.7% compared to the same quarter last year.

SO has been the topic of a number of research analyst reports. KeyCorp increased their price target on Southern from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, January 13th. StockNews.com assumed coverage on Southern in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho increased their price objective on Southern from $67.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Bank of America lowered Southern from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $71.00 in a research report on Monday, February 7th. Finally, Credit Suisse Group assumed coverage on Southern in a research report on Monday, April 25th. They issued an “underperform” rating and a $77.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.67.

In related news, insider Ann P. Daiss sold 7,500 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $67.47, for a total transaction of $506,025.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bryan D. Anderson sold 26,917 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $75.96, for a total value of $2,044,615.32. Following the sale, the executive vice president now directly owns 30,660 shares in the company, valued at approximately $2,328,933.60. The disclosure for this sale can be found here. Insiders sold a total of 332,516 shares of company stock worth $23,808,569 over the last 90 days. 0.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of SO. Keudell Morrison Wealth Management raised its stake in shares of Southern by 1.2% in the 3rd quarter. Keudell Morrison Wealth Management now owns 18,794 shares of the utilities provider’s stock valued at $1,165,000 after purchasing an additional 225 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of Southern by 28.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 18,885 shares of the utilities provider’s stock valued at $1,170,000 after purchasing an additional 4,206 shares during the period. Exencial Wealth Advisors LLC raised its stake in shares of Southern by 50.8% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 6,447 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 2,171 shares during the period. Blueprint Investment Partners LLC acquired a new stake in shares of Southern in the 3rd quarter valued at about $117,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of Southern by 11.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 646,525 shares of the utilities provider’s stock valued at $40,076,000 after purchasing an additional 65,996 shares during the period. 59.24% of the stock is currently owned by institutional investors and hedge funds.

NYSE SO traded down $2.19 during trading hours on Friday, reaching $73.39. 8,189,648 shares of the company’s stock were exchanged, compared to its average volume of 5,377,001. The stock has a market cap of $77.81 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.52. Southern has a one year low of $60.12 and a one year high of $77.24. The firm has a fifty day moving average of $70.98 and a 200-day moving average of $67.33. The company has a current ratio of 0.82, a quick ratio of 0.64 and a debt-to-equity ratio of 1.55.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 6th. Stockholders of record on Monday, May 16th will be given a $0.68 dividend. This is a positive change from Southern’s previous quarterly dividend of $0.66. This represents a $2.72 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 13th. Southern’s dividend payout ratio (DPR) is currently 122.22%.

Southern Company Profile (Get Rating)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects 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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Earnings History and Estimates for Southern (NYSE:SO)

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