Analysts Expect Southern Co (NYSE:SO) to Post $1.10 EPS

Equities analysts expect Southern Co (NYSE:SO) to report earnings per share of $1.10 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Southern’s earnings. The highest EPS estimate is $1.11 and the lowest is $1.09. Southern posted earnings of $1.14 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Southern will report full-year earnings of $3.03 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.06. For the next year, analysts anticipate that the business will report earnings of $3.15 per share, with EPS estimates ranging from $3.10 to $3.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Southern.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Southern had a return on equity of 10.04% and a net margin of 20.18%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business’s revenue was down 9.4% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group set a $51.00 price objective on Southern and gave the stock a “sell” rating in a report on Monday, April 22nd. KeyCorp assumed coverage on Southern in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Mizuho boosted their price objective on Southern from $48.50 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. ValuEngine cut Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Bank of America reduced their price objective on Southern from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $53.10.

In related news, insider Ann P. Daiss sold 3,786 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $54.42, for a total value of $206,034.12. Following the completion of the sale, the insider now directly owns 13,798 shares in the company, valued at $750,887.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ann P. Daiss sold 11,625 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $55.18, for a total value of $641,467.50. Following the completion of the sale, the insider now owns 17,862 shares of the company’s stock, valued at $985,625.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 769,547 shares of company stock valued at $42,411,331. 0.88% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC bought a new stake in Southern during the second quarter worth $25,000. Thor Advisors LLC bought a new stake in Southern during the first quarter worth $26,000. Tompkins Financial Corp bought a new stake in Southern during the first quarter worth $28,000. Lee Financial Co lifted its stake in Southern by 144.4% during the first quarter. Lee Financial Co now owns 550 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 325 shares during the last quarter. Finally, Atlantic Trust LLC bought a new stake in Southern during the second quarter worth $28,000. Hedge funds and other institutional investors own 56.66% of the company’s stock.

Shares of NYSE:SO traded up $0.47 during trading on Friday, reaching $57.48. 6,241,900 shares of the stock were exchanged, compared to its average volume of 5,268,707. Southern has a 12 month low of $42.50 and a 12 month high of $58.78. The firm has a market cap of $59.95 billion, a PE ratio of 18.72, a PEG ratio of 3.81 and a beta of 0.18. The stock has a 50-day moving average price of $56.34 and a 200-day moving average price of $53.24. 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Friday, August 16th. Southern’s dividend payout ratio (DPR) is currently 80.78%.

About Southern

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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