(VIANEWS) – EastGroup Properties (EGP), Virco Manufacturing Corporation (VIRC), Tesla (TSLA) are the highest sales growth and return on equity stocks on this list.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option?
1. EastGroup Properties (EGP)
13.4% sales growth and 8.79% return on equity
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.7 million square feet.
Earnings Per Share
As for profitability, EastGroup Properties has a trailing twelve months EPS of $4.42.
PE Ratio
EastGroup Properties has a trailing twelve months price to earnings ratio of 40.17. Meaning, the purchaser of the share is investing $40.17 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.79%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
EastGroup Properties’s EBITDA is 17.81.
2. Virco Manufacturing Corporation (VIRC)
8.9% sales growth and 35.9% return on equity
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet arm chairs with work surfaces and compact footprints, steel-frame rockers, stools, series chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs. The company also provides folding, activity, office, computer, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, specialty tables, instructor media stations and towers, and other products. In addition, it offers chair desks, combo units, and tablet arm and caster units, as well as a returns and credenzas. Additionally, the company provides administrative office furniture, including desks, returns, bookcases, storage cabinets, and other items, as well as wardrobe tower cabinets, file credenzas, and mobile pedestals; laboratory furniture comprising steel-based science tables, table bases, lab stools, and wood-frame science tables; mobile furniture, including mobile tables for cafeterias, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, as well as manufactures stackable storage trucks. It serves educational institutions, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, and dealer network. Virco Mfg. Corporation was founded in 1950 and is headquartered in Torrance, California.
Earnings Per Share
As for profitability, Virco Manufacturing Corporation has a trailing twelve months EPS of $1.73.
PE Ratio
Virco Manufacturing Corporation has a trailing twelve months price to earnings ratio of 5.64. Meaning, the purchaser of the share is investing $5.64 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 35.9%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 152% and a negative 33.3%, respectively.
3. Tesla (TSLA)
8.5% sales growth and 27.35% return on equity
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
Earnings Per Share
As for profitability, Tesla has a trailing twelve months EPS of $4.31.
PE Ratio
Tesla has a trailing twelve months price to earnings ratio of 40.79. Meaning, the purchaser of the share is investing $40.79 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 27.35%.
Previous days news about Tesla(TSLA)
- Zacks investment ideas feature highlights: Apple, Tesla, HCA healthcare, davita and the progressive. According to Zacks on Friday, 8 March, "Chicago, IL - March 8, 2024 - Today, Zacks Investment Ideas feature highlights Apple (AAPL Quick QuoteAAPL – Free Report) , Tesla (TSLA Quick QuoteTSLA – Free Report) , HCA Healthcare (HCA Quick QuoteHCA – Free Report) , DaVita (DVA Quick QuoteDVA – Free Report) and The Progressive (PGR Quick QuotePGR – Free Report) ."
- According to Zacks on Thursday, 7 March, "And operations remain sound - Tesla posted $4.4 billion of free cash flow throughout its FY23 and saw its cost of goods sold per vehicle decline sequentially throughout its Q4.", "Still, two members of the club - Tesla (TSLA Quick QuoteTSLA – Free Report) and Apple (AAPL Quick QuoteAAPL – Free Report) - are beginning to be shunned by the market, with the share performance of each over the last year lagging considerably."
- According to Zacks on Thursday, 7 March, "Please note that two of the ‘Mag 7’ stocks are not part of the Zacks Tech sector; these two are Amazon (part of the Zacks Retail sector) and Tesla (part of the Zacks Autos sector)."
- Angela chao May have died after accidentally putting her Tesla in reverse, a mistake she made before, WSJ reports. According to Business Insider on Saturday, 9 March, "But details of how Chao’s Tesla ended up in the pond have not yet been divulged by authorities, leading some people, including J. Kyle Bass, a prominent hedge fund manager and founder of Texas-based Hayman Capital Management, to question if the Tesla was hacked.", "Does the Blanco County Sheriff have the technical capacity to investigate the Tesla logs to determine if the car was tampered with or even hacked?" Bass wrote on X. "This case continues to become more and more suspicious."
4. Covenant Logistics Group (CVLG)
6.9% sales growth and 14.17% return on equity
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. This segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
Earnings Per Share
As for profitability, Covenant Logistics Group has a trailing twelve months EPS of $3.92.
PE Ratio
Covenant Logistics Group has a trailing twelve months price to earnings ratio of 13.27. Meaning, the purchaser of the share is investing $13.27 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 14.17%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 16.1% and a negative 3.7%, respectively.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Feb 29, 2024, the estimated forward annual dividend rate is 0.44 and the estimated forward annual dividend yield is 0.85%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Covenant Logistics Group’s EBITDA is 20.97.
Sales Growth
Covenant Logistics Group’s sales growth is 2.9% for the current quarter and 6.9% for the next.
