The Southern Company is set to announce its latest quarterly earnings on Wednesday, April 29th, with a consensus estimate of $1.21 earnings per share.
The Southern Company's stock price currently stands at $94.65, reflecting an increase of 88 cents (0.938%) from the previous close. Trading volume is notably 15.17% above the average, amounting to $876,530.
The company's previous earnings report on Wednesday, February 18th, revealed an earnings per share of 0.56. Stay tuned for the latest earnings and revenue figures.
Investors can expect a forward dividend yield of 3.13%, with a dividend per share of 74 cents both quarterly and trailing twelve months.
Morgan Stanley recently maintained an "Underweight" rating for The Southern Company, with a current price of $92.85 and a "hold" recommendation.
The company experienced a net change in cash of -$1.70 billion, primarily driven by operating cash flow of $2.60 billion and debt repayment of $301 million.
The Southern Company reported a net income of $416 million in the latest period, resulting in earnings per share of 38 cents. The gross profit margin stands at 18.81%.
Key ratios include a net profit margin of 5.96%, return on equity of 1.16, and a price to earnings ratio of 57.8.
With total assets of $155.72 billion and total liabilities of $116.85 billion, The Southern Company maintains a strong financial position.
This real-time financial report provides insights into The Southern Company's current performance and future prospects.
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. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.