Stock Monitor: Companhia Paranaense de Energia Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 11, 2017 / Active-Investors free earnings report on The Southern Co. (NYSE: SO) ("Southern") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=SO. The Company posted its financial results on October 31, 2017, for the third quarter of the fiscal year 2017. The electricity provider's operating income increased 6.7% on a y-o-y basis. Register today and get free access to our complimentary member's area where many more reports are available:
Active-Investors.com is currently working on the research report for Companhia Paranaense de Energia - COPEL (NYSE: ELP), which also belongs to the Utilities sector as the Company Southern. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Southern most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:
Earnings Highlights and Summary
For the three months ended September 24, 2017, Southern's total revenues decreased 1% to $6.20 billion from $6.26 billion in Q3 FY16. The Company's total revenue numbers were below analysts' expectations of $6.38 billion.
For the reported quarter, the Company's total retail sales decreased 5.6% to 44.45 billion KWH from 47.07 billion KWH in Q3 FY16. For the reported quarter, the Company's total wholesale sales increased 19.4% to 13.83 billion KWH from 11.58 billion KWH in Q3 FY16.
During Q3 FY17, Southern's operating income increased 6.7% to $2.05 billion from $1.92 billion in the same period of last year. During Q3 FY17, the Company's operating margin increased 240 basis points to 33% of revenue from 30.6% of revenue in Q3 FY16. During Q3 FY17, Southern's earnings before tax (EBT) increased 5.1% to $1.70 billion from $1.62 billion in Q3 FY16.
For the reported quarter, Southern's net income decreased 6.1% to $1.07 billion from $1.14 billion in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) decreased 9.3% to $1.07 from $1.18 in the comparable period of last year. For the reported quarter, Southern's adjusted net income decreased 8.1% to $1.13 billion from $1.23 billion in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS decreased 11.8% to $1.12 from $1.27 in Q3 FY16. The adjusted diluted EPS surpassed analysts' expectations of $1.08.
Alabama Power - During Q3 FY17, the Company's Alabama Power segment's operating revenue decreased 2.5% to $1.74 billion from $1.79 billion in the corresponding period of last year. For the reported quarter, the segment's earnings before tax (EBT) decreased 5% to $546 million from $575 million in Q3 FY16. For the reported quarter, the segment's net income decreased 7.7% to $325 million from $352 million in Q3 FY16.
Georgia Power - During Q3 FY17, the Company's Georgia Power segment's operating revenue decreased 5.6% to $2.55 billion from $2.70 billion in the same period of last year. For the reported quarter, the segment's EBT decreased 3.4% to $934 million from $967 million in Q3 FY16. For the reported quarter, the segment's net income decreased 3.3% to $580 million from $600 million in Q3 FY16.
Gulf Power - During Q3 FY17, the Company's Gulf Power segment's operating revenue increased 0.2% to $437 million from $436 million in the comparable period of last year. For the reported quarter, the segment's EBT increased 33.8% to $103 million from $77 million in Q3 FY16. For the reported quarter, the segment's net income increased 40% to $63 million from $45 million in Q3 FY16.
Mississippi Power - During Q3 FY17, the Company's Mississippi Power segment's operating revenue decreased 3.1% to $341 million from $352 million in the corresponding period of last year. For the reported quarter, the segment's EBT increased 166.7% to $64 million from $24 million in Q3 FY16. For the reported quarter, the segment's net income increased 53.8% to $40 million from $26 million in Q3 FY16.
Southern Power - During Q3 FY17, the Company's Southern Power segment's operating revenue increased 23.6% to $618 million from $500 million in the same period of last year. For the reported quarter, the segment's EBT increased 13.9% to $115 million from $101 million in Q3 FY16. For the reported quarter, the segment's net income decreased 29.5% to $124 million from $176 million in Q3 FY16.
Stock Performance Snapshot
December 08, 2017 - At Friday's closing bell, Southern's stock marginally dropped 0.53%, ending the trading session at $51.06.
Volume traded for the day: 4.79 million shares, which was above the 3-month average volume of 4.43 million shares.
Stock performance in the last three-month – up 0.89%; previous six-month period – up 0.41%; past twelve-month period – up 7.70%; and year-to-date – up 3.80%
After last Friday's close, Southern's market cap was at $50.81 billion.
Price to Earnings (P/E) ratio was at 92.00.
The stock has a dividend yield of 4.54%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.3% at the end of the session.
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