South State (SSB) Set to Announce Earnings on Tuesday
South State (NASDAQ:SSB) is scheduled to post its quarterly earnings results before the market opens on Tuesday, January 23rd. Analysts expect South State to post earnings of $1.22 per share for the quarter.
South State (NASDAQ:SSB) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.02. The firm had revenue of $136.36 million for the quarter, compared to analyst estimates of $139.85 million. South State had a return on equity of 8.85% and a net margin of 20.48%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. On average, analysts expect South State to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of South State (NASDAQ SSB) opened at $90.15 on Friday. The firm has a market capitalization of $3,300.00, a P/E ratio of 23.12, a PEG ratio of 2.07 and a beta of 1.09. South State has a 1 year low of $78.60 and a 1 year high of $94.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.92.
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered South State from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $90.00 price objective on shares of South State in a research report on Thursday, October 5th. Brean Capital reiterated a “hold” rating on shares of South State in a research report on Monday, October 23rd. Zacks Investment Research upgraded South State from a “hold” rating to a “strong-buy” rating and set a $102.00 price objective on the stock in a research report on Thursday, January 11th. Finally, SunTrust Banks lifted their price objective on South State from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $98.50.
About South State
South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years.
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