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Stock Update: The Southern Company (NYSE:SO) – Southern Company first-quarter earnings to be released April 27

[PR Newswire] – ATLANTA, April 6, 2016 /PRNewswire/ — Southern Company plans to release its earnings for the first quarter of 2016 by 7:30 a.m. EDT on Wednesday, April 27. Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, April 27. With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (SO) is the premier energy company serving the Southeast through its subsidiaries. Read more on this. Southern Company (SO) , with a current market cap of $45.73B, opened this morning at $50.61. Looking at today’s market, SO one day range is $50.08 to $50.66 with the price of the stock fluctuating between $41.40 to $51.79 over the last 52 weeks. Priced at 17.83x this year’s forecasted earnings, SO shares are relatively expensive compared to the industry’s 17.02x forward p/e ratio. The company pays shareholders $2.17 per share in dividend income per year, for a current yield of 4.20%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $0.53 per share, which would be $0.03 worse than the year-ago quarter and a $0.06 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.84 would be a $0.05 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.25 Billion. If realized, that would be a 1.67% increase over the year-ago quarter. In terms of ratings, Mizuho Initiated SO at Buy (Apr 24, 2015). Previously, Guggenheim Initiated SO at to Neutral. The average price target for SO shares is $48.61, which is 3.95% below where the stock opened this morning. See more in (NYSE:SO) Similar Articles: Company Update: The Southern Company (NYSE:SO) – Southern Company reports fourth quarter and full year 2015 earnings Market Update (NYSE:SO): Southern Company fourth-quarter earnings to be released Feb. 3 Stock Update (NYSE:SO): Southern Company third-quarter earnings to be released Oct. 28
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