Buy South State Corporation (SSB) And Benefitfocus, Inc. (BNFT) Before Analysts Start Chasing Them Higher

1 analysts out of 7 Wall Street brokerage firms rate South State Corporation (NASDAQ:SSB) as a Buy, while 1 see it as a Sell. The rest 5 describe it as a Hold. SSB stock traded higher to an intra-day high of $71.1418. At one point in session, its potential discontinued and the price was down to lows at $69.68. Analysts have set SSB’s consensus price at $70.33, effectively giving it a 0.85% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $76 (up 8.98% from current price levels).

It is expected that in Mar 2019 quarter SSB will have an EPS of $1.26, suggesting a -9.35% growth. For Jun 2019 is projected at $1.34. It means that there could be a -6.29% growth in the quarter. Yearly earnings are expected to rise by -2% to about $5.39. As for the coming year, growth will be about 5.75%, lifting earnings to $5.7. RSI after the last trading period was 58.1. SSB recorded a change of -1.98% over the past week and returned -3.89% over the last three months while the SSB stock’s monthly performance revealed a shift in price of 3.66%. The year to date (YTD) performance stands at 16.33%, and the bi-yearly performance specified an activity trend of -15.42% while the shares have moved -21.95% for the past 12 months.

South State Corporation (SSB) currently trades at $69.74, which is lower by -1.59% its previous price. It has a total of 35.43 million outstanding shares, with an ATR of around 1.47. The company’s stock volume dropped to 0.34 million, worse than 213.12 thousands that represents its 50-day average. A 5-day decrease of about -1.98% in its price means SSB is now 16.33% higher on year-to-date. The shares have surrendered $43390.26 since its $93.25 52-week high price recorded on 7th of June 2018. Overall, it has seen a growth rate of -21.95 over the last 12 months. The current price per share is $13.19 above the 52 week low of $56.55 set on 26th of December 2018.

South State Corporation (NASDAQ:SSB)’s EPS was $1.35 as reported for the December quarter. In comparison, the same quarter a year ago had an EPS of $1.3. That means that its growth in general now stands at 4%. Therefore, a prediction of $1.31 given by the analysts brought a positive surprise of 3%. SSB Dec 19 quarter revenue was $162.03 million, compared to $151.37 million recorded in same quarter last year, giving it a 7% growth rate. The company’s $10.66 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Benefitfocus, Inc. (NASDAQ:BNFT) shares depreciated -1.8% over the last trading period, taking overall 5-day performance up to -10.14%. BNFT’s price now at $46.25 is weaker than the 50-day average of $51.73. Getting the trading period increased to 200 days, the stock price was seen at $41.99 on average. The general public currently hold control of a total of 22.63 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 33.49 million. The company’s management holds a total of 0.1%, while institutional investors hold about 91.2% of the remaining shares. BNFT share price finished last trade -14.85% below its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 10.3%, while closing the session with -10.41% distance from 50 day simple moving average.

Benefitfocus, Inc. (BNFT) shares were last observed trading -23.76% down the peak of $60.66. Last month’s price growth of -15.23% puts BNFT performance for the year now at 1.16%. Consequently, the shares price is trending higher by 112.64%, a 52-week worst price. However, it is regaining value with 4.88% in the last 6 months.

BNFT’s beta is 1.42; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $-1.66 per share from its yearly profit to its outstanding shares. Its last reported revenue is $74.77 million, which was 12% versus $66.76 million in the corresponding quarter last year. The EPS for Dec 19 quarter came in at $0.14 compared to $-0.06 in the year-ago quarter and had represented -333% year-over-year earnings per share growth. BNFT’s ROA is -24.5%, lower than the 9.29% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 10.48%.

Estimated quarterly earnings for Benefitfocus, Inc. (NASDAQ:BNFT) are around $-0.37 per share in three months through March with $-0.32 also the estimate for June quarter of the fiscal year. It means the growth is estimated at 5.13% and 17.95%, respectively. Analysts estimate full-year growth to be 29.53%, the target being $-1.05 a share. The upcoming year will see an increase in growth by percentage to 46.67%, more likely to see it hit the $-0.56 per share. The firm’s current profit margin over the past 12 months is -20.3%. BNFT ranks lower in comparison to an average of 11.72% for industry peers; while the average for the sector is 12.27%.