South State (SSB) Scheduled to Post Quarterly Earnings on Tuesday
South State (NASDAQ:SSB) is set to issue its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $1.22 per share for the quarter.
South State (NASDAQ:SSB) last announced its earnings results on Tuesday, October 24th. The bank reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.02. The company had revenue of $136.36 million during the quarter, compared to analyst estimates of $139.85 million. South State had a net margin of 20.48% and a return on equity of 8.85%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 earnings per share. 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 $91.40 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3,358.00, a P/E ratio of 23.44, a P/E/G ratio of 2.11 and a beta of 1.09. South State has a 12-month low of $78.60 and a 12-month high of $94.50.
SSB has been the subject of several recent research reports. Zacks Investment Research upgraded shares of South State from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub upgraded shares of South State from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $90.00 price target on shares of South State in a research report on Thursday, October 5th. SunTrust Banks reiterated a “buy” rating and issued a $98.00 price target on shares of South State in a research report on Thursday, October 12th. Finally, Brean Capital reiterated a “hold” rating on shares of South State in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $98.50.
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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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