(VIANEWS) – Fortinet (FTNT), Otter Tail Corporation (OTTR), StealthGas (GASS) 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. Fortinet (FTNT)
12.2% sales growth and 430.88% return on equity
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
Earnings Per Share
As for profitability, Fortinet has a trailing twelve months EPS of $1.46.
PE Ratio
Fortinet has a trailing twelve months price to earnings ratio of 45.51. Meaning, the purchaser of the share is investing $45.51 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 430.88%.
Previous days news about Fortinet(FTNT)
- Unlocking fortinet (ftnt) international revenues: trends, surprises, and prospects. According to Zacks on Monday, 12 August, "Did you analyze how Fortinet (FTNT Quick QuoteFTNT – Free Report) fared in its international operations for the quarter ending June 2024? ", "Currently, Fortinet holds a Zacks Rank #3 (Hold), signifying its potential to match the overall market’s performance in the forthcoming period. "
- Is fortinet (ftnt) stock outpacing its computer and technology peers this year?. According to Zacks on Tuesday, 13 August, "As we can see, Fortinet is performing better than its sector in the calendar year.", "Is Fortinet (FTNT Quick QuoteFTNT – Free Report) one of those stocks right now? "
2. Otter Tail Corporation (OTTR)
9.3% sales growth and 22.17% return on equity
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, and extruded raw material stock for recreational vehicle, agricultural, construction, lawn and garden, and industrial and energy equipment industries. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.
Earnings Per Share
As for profitability, Otter Tail Corporation has a trailing twelve months EPS of $7.28.
PE Ratio
Otter Tail Corporation has a trailing twelve months price to earnings ratio of 13.8. Meaning, the purchaser of the share is investing $13.8 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 22.17%.
3. StealthGas (GASS)
8.1% sales growth and 9.6% return on equity
StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals. As of December 31, 2021, it had a fleet of 44 LPG carriers with a total capacity of 389,426 cubic meters; three medium range product carriers with a total capacity of 140,000 deadweight tons (dwt); and one Aframax crude oil tanker with a total capacity of 115,804 dwt. StealthGas Inc. was incorporated in 2004 and is based in Athens, Greece.
Earnings Per Share
As for profitability, StealthGas has a trailing twelve months EPS of $1.42.
PE Ratio
StealthGas has a trailing twelve months price to earnings ratio of 4.08. Meaning, the purchaser of the share is investing $4.08 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 9.6%.
Volume
Today’s last reported volume for StealthGas is 179521 which is 9.15% above its average volume of 164467.
Sales Growth
StealthGas’s sales growth is 6.9% for the current quarter and 8.1% for the next.
Moving Average
StealthGas’s worth is way below its 50-day moving average of $7.07 and way below its 200-day moving average of $6.64.
Yearly Top and Bottom Value
StealthGas’s stock is valued at $5.79 at 01:22 EST, way below its 52-week high of $8.84 and way above its 52-week low of $4.61.
4. California Water Service Group (CWT)
7.6% sales growth and 11.85% return on equity
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. It also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, the company offers wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, California Water Service Group has a trailing twelve months EPS of $3.04.
PE Ratio
California Water Service Group has a trailing twelve months price to earnings ratio of 17.68. Meaning, the purchaser of the share is investing $17.68 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 11.85%.
Moving Average
California Water Service Group’s value is higher than its 50-day moving average of $50.07 and higher than its 200-day moving average of $49.02.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is 85% and a drop 23.1% for the next.
Sales Growth
California Water Service Group’s sales growth is 13.5% for the ongoing quarter and 7.6% for the next.
Previous days news about California Water Service Group(CWT)
- According to Zacks on Monday, 12 August, "In this article, we have run a comparative analysis on two Zacks Utility - Water Supply companies - American States Water (AWR Quick QuoteAWR – Free Report) and California Water Service Group (CWT Quick QuoteCWT – Free Report) - to decide which one is a better pick for your portfolio."
5. Altair Engineering (ALTR)
7.3% sales growth and 3.78% return on equity
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in automotive, marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent tubes with LED lighting. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.
Earnings Per Share
As for profitability, Altair Engineering has a trailing twelve months EPS of $-0.11.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 3.78%.
Volume
Today’s last reported volume for Altair Engineering is 253714 which is 38.61% below its average volume of 413345.
Moving Average
Altair Engineering’s worth is way below its 50-day moving average of $92.50 and below its 200-day moving average of $83.67.
