Aflac, Synovus, TSYS poised for earnings season

Annual shareholder meetings will follow release of first-quarter financial reports

tadams@ledger-enquirer.comApril 3, 2014 

The Synovus building sits along the Chattahoochee River.

PHOTO BY MIKE HASKEY — mhaskey@ledger-enquirer.com Buy Photo

It’s a season unlike any other of the year.

It’s primed for both casual investors and those truly passionate about the shares of stocks they own of local publicly traded companies. And, like the pre-summer heat, it’s fast approaching.

Aflac, Synovus and TSYS — all headquartered in or near downtown Columbus — are now preparing to put the finishing touches on their first-quarter earnings reports. The information will detail the revenue and expected profits of the firms from the January-March timeframe.

At the same time, company executives will be poised to gather with shareholders for once-a-year meetings designed to sum up their businesses’ performance for all of 2013, plus give at least a glimpse of what 2014 holds. The meetings can be mainly perfunctory procedures, with an occasional taste of criticism from a vocal shareholder.

Synovus

Kessel Stelling, chairman and chief executive officer of Synovus Financial Corp., is first up to bat on April 22, when the regional bank goes public with its earnings report prior to the New York Stock Exchange opening.

Current projections by Wall Street analysts following the firm and surveyed by Thomson Financial have the bank bringing home a profit of a nickel per share on its way to a full-year profit of 20 cents per share.

Two days later, at 10 a.m. on April 24, Stelling will step up to a podium at the Columbus Convention and Trade Center to deliver his overview of the company’s post-recession performance and efforts to remain in the black in a tough, changing banking world.

TSYS

Phil Tomlinson, chairman and CEO of TSYS, will be laying out his firm’s first-quarter data the same day as Synovus, on April 22, although the credit-card processor’s report hits the street after the stock market’s close.

Analysts currently project the company will rack up earnings of 44 cents per share, with full-year profits through December hitting $1.93 per share. Both of those figures would easily beat the numbers of the same periods of 2013.

The annual meeting will come more than a week after the earnings report, at 10 a.m. on May 1, with TSYS gathering the faithful inside its Riverfront Campus auditorium and Tomlinson giving his thoughts on the company both to those physically present and others watching via the Internet.

Aflac

It will be on April 29 that Dan Amos, chairman and CEO of Aflac, presents his firm’s quarterly financial information to the world, with the supplemental life and health insurer issuing its report after the market’s closing bell.

The current prognostication by Wall Street experts indicate the company and its comical duck will register operating earnings of $1.58 per share, and that it will parlay that into full-year earnings of $6.17 per share. Both of those would be slightly lower than the same periods of 2013, with Aflac focused on keeping sales in Japan solid, boosting business in the U.S., and finding good places to invest its immense cash flow amid a still-sluggish world economy.

Nearly a week later, at 10 a.m. on May 5, as he does every year, Amos will bring together shareholders inside a small auditorium at Columbus Museum for Aflac’s annual meeting. It’s there that he will go over 2013 numbers and possibly air one of the firm’s latest TV commercials from the U.S. or Japan.

SAVE THE DATES

Aflac

• Earnings report: April 29

• Annual meeting: May 5

Synovus

• Earnings report: April 22

• Annual meeting: April 24

TSYS

• Earnings report: April 22

• Annual meeting: May 1

Note: Carmike Cinemas has yet to schedule its earnings release date and annual meeting. Both are likely in early May.

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