(VIANEWS) - Canadian Solar (CSIQ), Associated Banc (ASB), Jiayin Group (JFIN) 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. Canadian Solar (CSIQ)
38% sales growth and 8.6% return on equity
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
Earnings Per Share
As for profitability, Canadian Solar has a trailing twelve months EPS of $2.05.
PE Ratio
Canadian Solar has a trailing twelve months price to earnings ratio of 16.9. Meaning, the purchaser of the share is investing $16.9 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 8.6%.Earnings Before Interest, Taxes, Depreciation, and Amortization
Canadian Solar's EBITDA is 38.24.
Sales Growth
Canadian Solar's sales growth is 68.7% for the current quarter and 38% for the next.
2. Associated Banc (ASB)
30.8% sales growth and 8.41% return on equity
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers savings, money market deposit accounts, IRA accounts, and certificates of deposit; deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. This segment also provides specialized financial services comprising interest rate risk management, foreign exchange solutions, and commodity hedging; administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; fixed and variable annuities, full-service, and discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The company's Community, Consumer, and Business segment offers checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit. As of December 31, 2020, the company operated 228 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
Earnings Per Share
As for profitability, Associated Banc has a trailing twelve months EPS of $2.14.
PE Ratio
Associated Banc has a trailing twelve months price to earnings ratio of 11.21. Meaning, the purchaser of the share is investing $11.21 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 8.41%.Average Moving
Associated Banc's values are higher than its moving average for 50 days of $22.23, and much more than its moving average for 200 days of $21.41.Sales Growth
Associated Banc has experienced a 28.8% increase in sales for this quarter, and a 30.8% growth for the next.
Dividend Yield
Morningstar, Inc. estimates that the next dividend payment will be made on November 29, 2022. The forward dividend rate for the year is estimated to be 0.84, and the forward dividend yield at 3.5%.
3. Jiayin Group (JFIN)
26.3% sales growth and 631.96% return on equity
Jiayin Group Inc. is an online platform for individual financing that links individual investors with individual Chinese borrowers. The platform facilitates secure, transparent and quick connections between investors, borrowers, and lenders. It was established in Shanghai in the People's Republic of China in 2011.
Earnings Per Share
As for profitability, Jiayin Group has a trailing twelve months EPS of $1.72.
PE Ratio
Jiayin Group has a trailing twelve months price to earnings ratio of 1.4. Meaning, the purchaser of the share is investing $1.4 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 631.96%.Sales Growth
Jiayin Group sales growth was negative 3.5% in the current quarter, and 26.3% the following quarter.
Volume
Today's last reported volume for Jiayin Group is 5695 which is 74.99% below its average volume of 22775.
Revenue Growth
Year-on-year quarterly revenue growth grew by 64.9%, now sitting on 2.27B for the twelve trailing months.
4. Richardson Electronics, Ltd. (RELL)
15.4% sales growth and 16.42% return on equity
Richardson Electronics, Ltd. is involved in power and microwave technology, custom display solutions, as well as healthcare businesses throughout North America, Europe, Asia Pacific, Europe, Latin America. Power and Microwave Technologies Group provides engineering solutions, power grid and microwave tube, and other consumables. Flat panel detector solutions, replacement pieces, tubes and training services for diagnostic imaging equipment are some of the offerings. Custom display solutions can also be provided. Power conversion and radio frequency and microwave components for broadcast transmission, laser cutting, diagnosis imaging, induction heating and high energy transfer as well as power conversion, radar and power conversion. The company's products can be used in a variety of markets, including alternative energy, aerospace, medicine, communication, science, technology, semiconductor, and military markets. Canvys is the company's custom display segment. It offers touch screens and protective panels as well as all-in-one computers and custom enclosures. Specialized cabinet finishes and software packages are also available. Certification services can be provided to original equipment manufacturers, corporate enterprises, medical, financial and healthcare. The Healthcare segment produces and distributes replacement parts for CT or MRI scanners. It also sells MRI coils, cold heads and RF amplifiers. Flat panel detector upgrades. Pre-owned CT systems are available. They can also offer training in CT services. The company serves hospitals, health care facilities, service companies and independent organizations. It was established in 1947 in LaFox in Illinois.
Earnings Per Share
As for profitability, Richardson Electronics, Ltd. has a trailing twelve months EPS of $1.56.
PE Ratio
Richardson Electronics, Ltd. has a trailing twelve months price to earnings ratio of 14.42. Meaning, the purchaser of the share is investing $14.42 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 16.42%.Earnings Before Interest, Taxes, Depreciation, and Amortization
Richardson Electronics, Ltd.'s EBITDA is 1.22.
Moving Average
Richardson Electronics, Ltd.'s worth is way above its 50-day moving average of $18.61 and way higher than its 200-day moving average of $14.93.5. Global Self Storage (SELF)
11.2% sales growth and 6.31% return on equity
Global Self Storage, a REIT self-administered, self-managed and self-managed, owns, operates and manages self-storage properties. Its self-storage facilities are affordable and easy to access for commercial and residential customers. The company has 13 self-storage facilities in Connecticut, Illinois and Indiana. It also manages them through its subsidiaries.
Earnings Per Share
As for profitability, Global Self Storage has a trailing twelve months EPS of $0.29.
PE Ratio
Global Self Storage has a trailing twelve months price to earnings ratio of 18. Meaning, the purchaser of the share is investing $18 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 6.31%.Sales Growth
Global Self Storage's sales growth is 8.4% for the present quarter and 11.2% for the next.
Volume
Today's last reported volume for Global Self Storage is 10377 which is 73.35% below its average volume of 38950.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 14, 2022, the estimated forward annual dividend rate is 0.29 and the estimated forward annual dividend yield is 5.56%.