Latest news for Nova Minerals (NASDAQ:NVAWW) Stock

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

Nova Minerals Ltd

First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.55 by 5.45 percent.

Earnings

Earnings Beats

News

FIBK

First Interstate BancSys Q2 2024 Adj EPS $0.58 Beats $0.55 Estimate

Keybanc analyst Alex Markgraff maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Overweight and raises the price target from $170 to $180.

Price Target

Analyst Ratings

Keybanc Maintains Overweight on Fiserv, Raises Price Target to $180

Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.57 by 17.54 percent. The company reported quarterly sales of $472.152 million which missed the analyst consensus estimate of $475.953 million by 0.80 percent. This is a 9.83 percent decrease over sales of $523.653 million the same period last year.

Earnings Misses

COLB

Columbia Banking System Q2 2024 Adj EPS $0.67 Beats $0.57 Estimate, Sales $472.152M Miss $475.953M Estimate

McGrath RentCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRC#NASDAQ">MGRC</a>) reported quarterly earnings of $0.84 per share which missed the analyst consensus estimate of $1.10 by 23.64 percent. The company reported quarterly sales of $212.600 million which beat the analyst consensus estimate of $210.234 million by 1.13 percent. This is a 4.71 percent increase over sales of $203.030 million the same period last year.

MGRC

McGrath RentCorp Q2 2024 GAAP EPS $0.84 Misses $1.10 Estimate, Sales $212.600M Beat $210.234M Estimate

Japanese Patent Office Approves Inventiva's Patent For Use Of Lanifibranor In Treating Cirrhosis, Strengthening IP For MASH/NASH Indications; Patent Valid Until November 2039

BayFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAFN#NASDAQ">BAFN</a>) reported quarterly earnings of $0.12 per share. This is a 60 percent decrease over earnings of $0.30 per share from the same period last year.

BAFN

BayFirst Financial Q2 EPS $0.12 Down From $0.30 YoY

Keybanc analyst Eric Gonzalez maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight and lowers the price target from $68 to $66.

Keybanc Maintains Overweight on Chipotle Mexican Grill, Lowers Price Target to $66

Across the recent three months, 8 analysts have shared their insights on Ralph Lauren (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Ralph Lauren, revealing an average target of $201.0, a high estimate of $250.00, and a low estimate of $180.00. This current average represents a 0.43% decrease from the previous average price target of $201.86. 
<img src="https://www.benzinga.com/files/images/story/2024/1721937673_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Ralph Lauren among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$196.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$180.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$250.00</td>
<td>$244.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$197.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Ashley Helgans</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$195.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ralph Lauren. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Ralph Lauren compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Ralph Lauren's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ralph Lauren's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/RL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ralph Lauren analyst ratings.</a>
<h2>Unveiling the Story Behind Ralph Lauren</h2>
Founded by designer Ralph Lauren in 1967 in New York City, Ralph Lauren Corp. designs, markets, and distributes lifestyle products in North America, Europe, and Asia. Its products include apparel, footwear, eyewear, jewelry, handbags, home goods, and fragrances. The company's brands include Ralph Lauren Collection, Polo Ralph Lauren, and Lauren Ralph Lauren. Distribution channels for Ralph Lauren include wholesale (department stores and specialty stores), retail (company-owned retail stores and e-commerce), and licensing.
<h3>Ralph Lauren: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Ralph Lauren's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 1.76%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Ralph Lauren's net margin excels beyond industry benchmarks, reaching 5.78%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.61%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Ralph Lauren's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.33%, the company showcases efficient use of assets and strong financial health.
Debt Management: Ralph Lauren's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.09.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 8 Analyst Evaluations For Ralph Lauren

Buybacks

BANR

Banner Corporation Announces Stock Repurchase Program Of Up To 1,722,787 Shares

Riverview Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSB#NASDAQ">RVSB</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.06 by 16.67 percent. This is a 61.54 percent decrease over earnings of $0.13 per share from the same period last year.

RVSB

Riverview Bancorp Q1 Adj $0.05 Misses $0.06 Estimate

In the preceding three months, 13 analysts have released ratings for PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $137.92, a high estimate of $154.00, and a low estimate of $115.00. This upward trend is evident, with the current average reflecting a 2.54% increase from the previous average price target of $134.50.
<img src="https://www.benzinga.com/files/images/story/2024/1721937648_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive PVH. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$149.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$154.00</td>
<td>$149.00</td>
</tr>
<tr>
<td>Kimberly Greenberger</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$120.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Heather Balsky</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$144.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$119.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Ashley Helgans</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$115.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PVH. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PVH compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of PVH's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of PVH's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PVH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PVH analyst ratings.</a>
<h2>All You Need to Know About PVH</h2>
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate practically all its revenue after its recent disposition of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.
<h3>PVH: Financial Performance Dissected</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, PVH faced challenges, resulting in a decline of approximately -9.55% in revenue growth as of 30 April, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: PVH's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.76%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.97%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): PVH's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.38% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.7.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

13 Analysts Have This To Say About PVH

Former Speaker of the House Nancy Pelosi&#8216;s (D-Calif.) latest endorsement of a political candidate could anger billionaire Elon Musk ahead of<a href="https://www.benzinga.com/topic/2024-election"> the 2024 election.</a>
What Happened: <a href="https://www.benzinga.com/general/politics/24/07/39892716/nancy-pelosi-endorses-kamala-harris-for-president-full-confidence-that-she-will-lead-us-to-victo">After Pelosi endorsed </a>Vice President Kamala Harris in the 2024 presidential election, she backed San Francisco Supervisor Dean Preston in his re-election campaign. 
Preston, a local official in Pelosi's Congressional district, is said to be ultra-progressive.  
"This is a powerful endorsement from one of San Francisco's most powerful leaders, and I look forward to working with Speaker Emerita Pelosi in our united effort to defeat Donald Trump," Preston said in a statement to <a href="https://www.politico.com/news/2024/07/24/pelosi-endorses-progressive-san-francisco-00170980">Politico</a>.
Last year, Musk said Preston should be in prison for his supporting an ordinance that would make it illegal for security guards to use firearms in attempts to stop theft. Preston's stance on crime has been a hot topic for tech entrepreneurs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dean Preston should go to prison
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1707725140618858935?ref_src=twsrc%5Etfw">September 29, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Democrat Bilal Mahmood, a tech entrepreneur and former administration staffer under President Barack Obama, is running against Preston.
Musk has previously said he would spend $100,000 in an effort to defeat Preston from getting re-elected. It is not known if Musk donated to the race with Mahmood saying he hasn't received any from the billionaire.
Read Also: <a href="https://www.benzinga.com/news/23/10/35253772/elon-musk-confirms-sf-supervisor-dean-preston-quit-x-following-repeated-clashes-with-billionaire-own">Elon Musk Confirms SF Supervisor Dean Preston Quit X Following Repeated Clashes With Billionaire Owner</a>
Why It's Important: San Francisco supervisors act similarly to city council members, according to the report, with tasks like local policy and budget.
The region's retail theft, drug overdoses and homelessness issues have brought in national attention and increased attention from tech leaders who have headquarters in the area.
The local race could now see even more attention if Musk steps up to endorse and financially support Democratic and Republican challengers to Preston. Or Musk could choose to stay out as he recently announced he was moving the company headquarters of SpaceX and X from <a href="https://www.benzinga.com/news/24/07/39804744/spacex-x-to-move-headquarters-from-california-to-texas-musk-calls-it-the-final-straw-criticizes-gov">California to Texas.</a>
Pelosi's husband Paul Pelosi has invested in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock over the years, <a href="https://www.benzinga.com/etfs/specialty-etfs/24/07/39618512/nancy-pelosi-loads-up-on-more-nvidia-shares-sells-tesla-she-always-reports-right-before-a-hol">but recently sold </a>2,500 shares in June valued at $250,000 to $500,000.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/07/39695004/elon-musk-warren-buffett-nancy-pelosi-jensen-huang-michael-saylor-who-you-sitting-by-on-a-p">Elon Musk, Warren Buffett, Nancy Pelosi, Jensen Huang, Michael Saylor: Who You Sitting By On A Plane For A 10-Hour Flight?</a></li>
</ul>
Image: Shutterstock

Politics

TSLA

Musk Vs. Pelosi: Former Speaker Backs Candidate That The Tesla CEO Says Should Be In Prison

During the last three months, 7 analysts shared their evaluations of SouthState (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NYSE">SSB</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $90.14, a high estimate of $98.00, and a low estimate of $81.00. This current average represents a 0.95% decrease from the previous average price target of $91.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1721937638_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of SouthState among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Russell Gunther</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$88.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$81.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Stephen Scouten</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$98.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Catherine Mealor</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Michael Rose</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Scouten</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$84.00</td>
<td>$89.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SouthState. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SouthState compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of SouthState's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of SouthState's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SSB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SouthState analyst ratings.</a>
<h2>Unveiling the Story Behind SouthState</h2>
SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit cards servicing, ATM processing, and wealth management and trust services.
<h3>Breaking Down SouthState's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: SouthState's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -8.2%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: SouthState's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 27.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.08%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.26%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: SouthState's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.07.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where SouthState Stands With Analysts

FirstCash Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCFS#NASDAQ">FCFS</a>) has outperformed the market over the past 20 years by 4.58% on an annualized basis producing an average annual return of 12.86%. Currently, FirstCash Hldgs has a market capitalization of $5.12 billion. 
Buying $100 In FCFS: If an investor had bought $100 of FCFS stock 20 years ago, it would be worth $1,126.10 today based on a price of $112.61 for FCFS at the time of writing.
<h3>FirstCash Hldgs's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721937626_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

FCFS

If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,100 Today

TotalEnergies SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tte#NYSE">TTE</a>) reported second-quarter 2024 operating earnings of $1.98 (&euro;1.85) per share, missing the Zacks Consensus Estimate of $2.11 by 6.2%.
The bottom line declined 0.5% from the year-ago figure of $1.99 (&euro;1.84). The year-over-year decline was due to lower refining margins.
<h3>Total Revenues</h3>
Total revenues for the second quarter were $53.7 billion, which lagged the year-ago reported revenues of $56.3 billion by 4.5%.
<div class="chart_embed">
<h3>TotalEnergies SE Sponsored ADR Price, Consensus and EPS Surprise</h3>
<img alt="TotalEnergies SE Sponsored ADR Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c8/1721910498.png" style="height:283px; width:620px" title="" />
TotalEnergies SE Sponsored ADR price-consensus-eps-surprise-chart | TotalEnergies SE Sponsored ADR Quote
</div>
<h3>Production</h3>
In the second quarter, hydrocarbon production averaged 2,441 thousand barrels of oil equivalent per day, down 1% year over year. The decline was due to a planned maintenance outage. The hydrocarbon production volumes were near the upper end of the guidance range of 2,400-2,450 thousand barrels of oil equivalent per day.
In the reported quarter, liquid production averaged 1,477 thousand barrels per day, down 6% year over year.
Quarterly gas production was 5,180 thousand cubic feet per day, up 7% year over year, attributed to higher gas output from all regions across the globe where TotalEnergies has natural gas operations.
<h3>Realized Price</h3>
Quarterly realized price for Brent was up 9% to $85 per barrel from $78.1 in the year-earlier period. The average realized liquid price was $81 per barrel, up 13% year over year.
Realized gas prices were down 16% year over year to $5.05 per thousand British thermal units (Btu).
Realized LNG prices were down 5% year over year to $9.32 per thousand Btu.
<h3>Highlights of the Release</h3>
TotalEnergies continued with its multi-energy strategy with a focus on renewable energy. The company further upgraded its portfolio, through acquisitions in Malaysia and deep offshore Congo, and divestments of mature assets in Nigeria, Congo, the United Kingdom and Brunei. In addition, TTE continues to increase medium-term oil exposure within its LNG portfolio by signing two new mid-term Brent-indexed LNG sales contracts in Asia for 1.3 Mt/y.
Net operating income was $5.33 billion, down 4% year over year due to lower refining margins.
Interest expenses were $725 million, nearly at par with the prior-year period.
In the second quarter of 2024, TotalEnergies acquired assets worth $544 million and sold assets worth $324 million.
It repurchased 28.1 million shares in second-quarter 2024 for $2 billion. TotalEnergies repurchased 58.7 million shares in the first half of 2024 for $4 billion.
<h3>Segmental Detail</h3>
Exploration &amp; Production&#39;s operating earnings were $2.67 billion, up 14% from $2.35 billion in the year-ago period.
Integrated LNG&#39;s operating income was $1.15 billion, down 13% from $1.33 billion in the year-earlier quarter.
Integrated Power&#39;s operating income of $502 million rose 12% from $450 million in the year-ago quarter.
Refining &amp; Chemicals&#39; operating income of $0.64 billion declined 36% from $1 billion in the prior year quarter.
Marketing &amp; Services&#39; operating income of $379 million fell 16% from $449 million in second-quarter 2023.
<h3>Financial Update</h3>
Cash and cash equivalents as of Jun 30, 2024, were $23.1 billion compared with $25.6 billion as of Jun 30, 2023. Gearing, including leases, was 15.3% at the end of second-quarter 2024 compared with 16.3% at second-quarter 2023-end.
Cash flow from operating activities at the second-quarter end was $4.5 billion.
<h3>Guidance</h3>
TotalEnergies expects third-quarter 2024 hydrocarbon production in the range of 2,400-2,450 thousand barrels of oil equivalent per day. The guidance takes into consideration the contribution from the startup of Anchor, in the U.S. Gulf of Mexico.
TTE anticipates investing in the range of $17-$18 billion in 2024, of which $5 billion will be dedicated to Integrated Power.
In third-quarter 2024, TTE expects the refining utilization rate to be more than 85%, benefiting from the restart of the Donges refinery in France.
<h3>Zacks Rank</h3>
TotalEnergies currently carries a Zacks Rank #3 (Hold).
<h3>Upcoming Releases</h3>
Shell Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>) is going to release second-quarter 2024 earnings on Aug 1. The Zacks Consensus Estimate for earnings is pegged at $1.87 per share, suggesting a decline of 32.7% from the year-ago reported figure.
SHEL&#39;s long-term (three-to-five-year) earnings growth rate is anticipated to be 5.14%. SHEL had an average earnings surprise of 9.15% in the last four reported quarters.
ExxonMobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) is going to release second-quarter 2024 earnings on Aug 2. The Zacks Consensus Estimate for earnings is pegged at $2.08 per share, indicating an increase of 7.2% from the year-ago reported figure. XOM&#39;s long-term earnings growth rate is anticipated to be 3%.
Occidental Petroleum (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>) is going to release second-quarter 2024 earnings on Aug 7. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share, implying an increase of 22.06% from the year-ago reported figure.
OXY had an average earnings surprise of 11.45% in the last four reported quarters.
<a href="https://www.zacks.com/stock/news/2309176/totalenergies-tte-q2-earnings-and-revenues-lag-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309176">To read this article on Zacks.com click here.</a>

Guidance

Markets

SHEL

TotalEnergies Q2 Earnings and Revenues Lag Estimates

Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) has outperformed the market over the past 5 years by 21.44% on an annualized basis producing an average annual return of 33.9%. Currently, Howmet Aerospace has a market capitalization of $33.86 billion. 
Buying $100 In HWM: If an investor had bought $100 of HWM stock 5 years ago, it would be worth $430.24 today based on a price of $82.94 for HWM at the time of writing.
<h3>Howmet Aerospace's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721937621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Howmet Aerospace 5 Years Ago Would Be Worth Today

George Kurtz, the CEO of cybersecurity firm <a href="https://www.benzinga.com/quote/CRWD">CrowdStrike</a>, is under the spotlight for a massive tech failure. Last Friday, a faulty update from CrowdStrike caused a worldwide tech outage that disrupted banks, airlines, retailers, and more. Shockingly, this isn&#8217;t Kurtz&#8217;s first rodeo with a tech catastrophe.
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From 2009 to 2011, Kurtz was the Chief Technology Officer at McAfee, another major name in cybersecurity. In 2010, McAfee released a flawed update that mistakenly identified a critical Windows file, &#8220;svchost.exe,&#8221; as a virus. This critical error crashed millions of computers and got them stuck in reboot loops.&nbsp;
Just like last week, the only fix was a manual intervention, and similarly, that whole debacle created chaos for countless users and businesses.&nbsp;
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<h2 class="wp-block-heading">The Ripple Effects Of The CrowdStrike Update Mess</h2>
The impact of CrowdStrike&#8217;s faulty update was massive. According to Business Insider, major airlines like American, United, and <a href="https://www.benzinga.com/news/24/07/39915506/delta-air-lines-needs-more-recovery-time-after-crowdstrike-outage-flight-disruptions-to-extend-2-mor">Delta had to ground flights</a>, leaving thousands of passengers stranded and causing travel chaos. European airlines, like Ryanair, also faced big delays and told passengers to arrive early to deal with the mess.
The UK&#8217;s National Health Service (NHS) reported issues with appointment and patient record systems, even canceling medical procedures and appointments. In Germany, hospitals were forced to also cancel elective operations, adding to the strain on health care providers already dealing with other pressures.
Retail operations were not spared either. Some Speedway gas stations in the U.S. had to close because digital gas pumps failed, and others could not accept payments.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
<h2 class="wp-block-heading">Why Did This Happen?</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed. We…
&mdash; George Kurtz (@George_Kurtz) <a href="https://twitter.com/George_Kurtz/status/1814235001745027317?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The <a href="https://www.benzinga.com/24/07/39903295/how-a-faulty-cybersecurity-update-from-crowdstrike-unleashed-chaos-on-global-infrastructure-while-mi">root cause of the disaster</a> was a defect in a single update for Windows provided by CrowdStrike that led to widespread system failures. The issue was not the result of a cyberattack but rather a critical flaw in the update&#8217;s coding. When released, it triggered a series of malfunctions in less than 1% of Windows machines.&nbsp;
Despite the relatively small percentage, the number of systems affected was enough to <a href="https://www.benzinga.com/news/24/07/39879895/if-youre-a-lawyer-for-crowdstrike-youre-probably-not-going-to-enjoy-the-rest-of-your-summer-say-dan">create global chaos</a>. In response to <a href="https://x.com/Qlder/status/1814241127119110326">Kurtz&#8217;s tweet</a>, one Twitter user pointed out how little it takes to &#8220;bring down half the computers around the world.&#8221;
CrowdStrike&#8217;s immediate response included identifying the issue, isolating it, and deploying a fix. However, Microsoft stated that some users fixed their problems by rebooting the system 15 times.&nbsp;
CrowdStrike&#8217;s admission that such a huge error was not caught during testing has raised serious questions about its internal processes and safeguards.
Trending: Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://benzinga.com/money/rory-mcilroys-florida-mansion-doubled-in-value"> here&#8217;s how to get started investing in real estate with just $100</a>
<h2 class="wp-block-heading">History Repeating Itself</h2>
This incident has brought George Kurtz&#8217;s past into sharp focus. In 2010, as McAfee&#8217;s CTO, Kurtz was at the helm during another significant tech failure. The problem was eerily similar, and the fallout was substantial, with McAfee facing severe criticism and a loss of customer trust.&nbsp;
Since Thursday, the day before the outage, CrowdStrike stock has lost around 21% of its value, and Kurtz&#8217;s net worth plummeted from $3.2 billion to $2.6 billion on Wednesday, the 24th, according to Forbes.&nbsp;&nbsp;&nbsp;
Given this history, many are now wondering how Kurtz, with all his experience, let something like this happen again at CrowdStrike. The company has promised to investigate thoroughly to determine how the mistake happened and to implement measures to prevent it. However, fixing the damage to its reputation might take a while.
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CrowdStrike CEO Involved In Another Global Tech Disaster Years Ago? Unbelievably, Yes

JMP Securities analyst Andrew Boone reiterates Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Market Outperform and maintains $180 price target.

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