Southern Company (NYSE:SO)’s traded shares stood at 1.03 million during the latest session, with the company’s beta value hitting 0.49. At the last check today, the stock’s price was $71.61, to imply an increase of 1.47% or $1.04 in intraday trading. The SO share’s 52-week high remains $75.80, putting it -5.85% down since that peak but still an impressive 14.03% since price per share fell to its 52-week low of $61.56. The company has a valuation of $78.13B, with an average of 4.79 million shares over the past 3 months.
Southern Company (NYSE:SO) trade information
After registering a 1.47% upside in the latest session, Southern Company (SO) has traded red over the past five days. The stock hit a weekly high of 71.36, jumping 1.47% in its intraday price action. The 5-day price performance for the stock is 4.19%, and 1.96% over 30 days. With these gigs, the year-to-date price performance is 2.12%.
Southern Company (SO) estimates and forecasts
Looking at statistics comparing Southern Company share performance against respective industry, we note that the company has outperformed competitors. Southern Company (SO) shares are 7.52% up over the last 6 months, with its year-to-date growth rate higher than industry average at 9.59% against 6.00%. Revenue is forecast to grow 13.90% this quarter before jumping 15.20% for the next one. The rating firms project that company’s revenue will grow 7.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $6.51 billion. Meanwhile, for the quarter ending Jun 2024, a total of 7 analyst(s) estimate revenue growth to $5.97 billion.Earnings reports from the last fiscal year show that sales brought in $6.15 billion and $6.47 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.00% before dropping -7.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.78% for the past 5-year period. While 2024 is set for a 9.99% return in earnings, projections for the next 5 years are at 7.30% annually.
SO Dividends
Southern Company has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Southern Company has a forward dividend ratio of 2.80, with the share yield ticking at 3.91% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
