It’s earnings time for the four publicly traded companies headquartered in Columbus, with management preparing to unveil financial facts related to the performance of their firms in the second quarter of this year.
Kicking things off bright and early Tuesday, before the stock markets open, will be the regional banking company known as Synovus Financial Corp., parent of Columbus Bank and Trust, the city’s top bank in terms of market share.
Carmike Cinemas, the growing theater chain that focuses on midsize markets, is next up to bat, delivering its quarterly information after the markets wrap up on July 27.
Then, after the markets close July 28, there will be a double bill, with supplemental health and life insurer Aflac, perhaps most famous because of its duck ad campaign, issuing its report at the same time as TSYS, a top credit-card and payments processor that does business around the planet.
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Here’s a brief synopsis of what analysts surveyed by research firm Thomson Financial are anticipating from the local companies for the April-June earnings period:
SYNOVUS is expected to earn 39 cents per share, which would be up from 32 cents in the same period a year ago. Thus far, the bank whose headquarters overlooks the Chattahoochee River, is on target to earn $1.62 per share for all of this year. That would be an improvement of $1.33 per share for 2014.
Shares of Synovus (Ticker: SNV) closed up 11 cents, or 0.3 percent, to $31.22 in trading Monday on the New York Stock Exchange. That was oh so close to the stock’s 52-week high of $31.43, a mark it touched on June 26. The past year’s low is $21.91 per share, which came on Oct. 16.
CARMIKE, if the analysts are correct, will pocket 50 cents per share for the quarter, which would be sharply higher than the earnings of 17 cents per share it reported in the same three-month period last year. Situated in a shiny glass office building in downtown Columbus, Carmike at the moment is projected to earn $1.04 per share for 2015 as a whole, which would be a dramatic improvement from the loss of 18 cents per share last year.
Shares of Carmike (Ticker: CKEC) closed up 20 cents, or 0.7 percent, to $28.46 in trading Monday on the Nasdaq exchange, which is closer to the motion-picture exhibitor’s 52-week low of $24 per share, which it registered Jan. 6, than its high for the last year, $35.26 per share, which came on Aug. 18.
AFLAC, an investor darling because of its long history of growing shareholder dividends, on the flip side has experienced slower earnings growth of late, and it appears that will continue. Analysts are anticipating earnings of $1.53 per share, which would be down from $1.66 per share in the second quarter a year ago. For 2015 as a whole, the company whose home office is on Wynnton Road in the center of Columbus, is projected to post earnings of $5.98 per share, which would come under the $6.16 per share in 2014.
Shares of Aflac (Ticker: AFL) closed down 3 cents, or .05 percent, to $61.56 in trading Monday on the New York Stock Exchange, not too far off the firm’s 52-week high of $65.10 on April 15. The stock hit its low for the past year, $54.99, on Oct. 16.
TSYS, like Aflac a steady and consistent performer, should earn 53 cents per share for the quarter, analysts believe, which would top the 45 cents per share it took in during the same period last year. Its own downtown corporate campus located by the river, the firm that handles transactions when shoppers swipe their credit and debit cards is expected to earn $2.24 per share for 2015 overall. That would be an increase from $1.96 per share in 2014.
Shares of TSYS (Ticker: TSS) powered higher to a 52-week high of $44.72 in trading Monday on the New York Stock Exchange, gaining 75 cents, or 1.7 percent, on the day. The company’s low for the past 12 months was $28.54, with that low-water level occurring on Oct. 15.