Investors, along with employees of three major companies headquartered in Columbus, should pay attention over the next couple of weeks.
That’s because Synovus, TSYS and Aflac are preparing to release their quarterly earnings information for the June through September period.
The public reports, which are required by the U.S. Securities and Exchange Commission, detail financial data such as revenues, expenses and profits, along with any other material information that investors need to know for making a sound decision on buying or selling shares of company stock.
First up will be regional banking firm Synovus Financial Corp., parent company of Columbus Bank and Trust, which will issue its third-quarter report before the stock markets open Oct. 17. The bank does business in the Southeast. Its stock closed Tuesday up 51 cents per share at $47.11, just off a 52-week high of $47.32.
Up next will be credit-card and payment processor TSYS, or Total Systems Services, on Oct. 24, with the company releasing its financial report after the markets close that day. TSYS handles credit-card transactions and payments around the world. Its shares rose 38 cents each to close at $67.68 on Tuesday, nearly $3 per share off a 52-week high of $70.62.
The day after TSYS issues its earnings data, supplemental health and life insurer Aflac will do so as well (Oct. 25) for the quarter. The company does business in the U.S. and Japan, with the Asian nation accounting for about three-quarters of revenues. Aflac’s stock closed $1.04 higher on Tuesday at $83.62 per share, which is within a buck of its 52-week high of $84.51.
The upcoming financial reports come with the U.S. stock markets surging ever higher. The Dow Jones Industrials closed at a record high Tuesday of 22,830.68, with the Nasdaq composite reaching a record of 6,587.25. The S&P 500 wrapped up at 2,550.64, which wasn’t a record high close, but it did see an intra-day record.