(VIANEWS) - Independent Bank Corp. (INDB), Magellan Midstream Partners L.P. Limited Partnership (MMP), Computer Programs and Systems (CPSI) 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. Independent Bank Corp. (INDB)
17.6% sales growth and 8.24% return on equity
Independent Bank Corp. is the bank holding firm for Rockland Trust Company. It provides small to medium sized businesses and individuals with commercial banking services. The company's services include checking, savings, time certificates, demand deposits, and money market certificates. Its loan portfolio also includes commercial loans such as industrial and asset-based commercial real estate and commercial construction loans. Consumer real estate loans include residential mortgages, home equity loans and loans to build residential homes. Personal loans are available. The company also offers trust and investment services to small and large businesses and individuals; Internet banking and mobile banking, as well as ATM cards and debit cards. It also has mutual fund shares and unit investment trust shares. General securities, variable and fixed annuities as well as life insurance products. It operates through ninety-six retail full and two limited-service branches, 16 commercial banks centers, ten investment offices and eight mortgage lending centres in Eastern Massachusetts. Rockland is the headquarters of this company, which was established in 1907.
Earnings per Share
Independent Bank Corp.'s trailing 12 months earnings per share (EPS) is $4.12.
PE Ratio
Independent Bank Corp.'s trailing 12 months earnings to price ratio is 20.47. The purchaser of the shares is investing $20.47 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the business' profitability relative to shareholders' equity, was 8.24%.Yearly Top and Bottom Value
Independent Bank Corp.'s stock is valued at $84.43 at 10:22 EST, below its 52-week high of $91.65 and way higher than its 52-week low of $74.28.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Sep 22, 2022, the estimated forward annual dividend rate is 2.04 and the estimated forward annual dividend yield is 2.38%.
2. Magellan Midstream Partners L.P. Limited Partnership (MMP)
11.3% sales growth and 49.42% return on equity
Magellan Midstream Partners L.P. is involved in transportation, storage and distribution in America of crude oil and refined petroleum products. Refined Products and Crude Oil are the company's segments. The company operates a refined product pipeline, which transports gasoline and aviation fuels. It also provides service, such as terminalling, ethanol or biodiesel loading and unloading, chemical injection, custom mixing, testing and data services for shippers. It also operates and owns crude oil storage and pipelines; as well as marine terminals along coast waterways, which provide storage, distribution, blending and inventory management services and add-in injection services to refiners, marketers, traders and any other end user of petroleum products. It had a 9,800 mile refined products pipeline network with 53 terminals as well as 25 separate terminals. There were approximately 2,200 miles worth of crude oil storage and pipelines that have an aggregate storage capacity approximately 35,000,000 barrels. 6 marine terminals also have an approximate storage capacity approximately 31 million barrels. Magellan Midstream Partners L.P., which was established in 2000, is located in Tulsa in Oklahoma.
Earnings per Share
Magellan Midstream Partners L.P. Limited Partnership's trailing 12 months EPS is $4.28.
PE Ratio
Magellan Midstream Partners L.P. Limited Partnership's trailing 12-month price-earnings ratio is 12.34. The purchaser of the shares is investing $12.34 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the business' profitability relative to shareholders' equity, was 49.42%.Sales Growth
Magellan Midstream Partners L.P. Limited Partnership has experienced a 0.6% and 11.3% sales growth in the quarters just ended.
Dividend Yield
Morningstar, Inc. estimates that the next dividend payment will be made on November 3, 2022. The forward dividend rate for the year is estimated at 4.19, and the forward dividend yield to be 7.93%.
3. Computer Programs and Systems (CPSI)
10.1% sales growth and 8.35% return on equity
Computer Programs and Systems, Inc. provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making. The company also provides clinical software that automates record keeping and reporting for various clinical functions, including laboratory, radiology, physical therapy, respiratory care, and pharmacy; patient care applications; and enterprise applications that support its products for use in various areas of the hospital. In addition, it offers Centriq, an intuitive user interface to centralize data from various care areas that provide the end user with a tool to view past and present patient information. Further, the company provides software solutions that promote data-driven clinical and financial outcomes for customers in the post-acute care industry; software application support, hardware maintenance, and education and related services; post-acute care support and maintenance services; revenue cycle management products and services, consulting and business management services, and managed information technology services; patient engagement and empowerment technology solutions; and system implementation and training services. It serves community hospitals and physician clinics, skilled nursing and assisted living facilities, and small specialty hospitals. Computer Programs and Systems, Inc. was founded in 1979 and is headquartered in Mobile, Alabama.
Earnings Per Share
As for profitability, Computer Programs and Systems has a trailing twelve months EPS of $1.29.
PE Ratio
Computer Programs and Systems has a trailing twelve months price to earnings ratio of 21.1. Meaning, the purchaser of the share is investing $21.1 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 8.35%.Annual Top and Bottom Value
Computer Programs and Systems stock was valued at $27.22 as of 10:22 EST. This is lower than the 52-week high at $35.50 and more than the 52-week low at $25.33.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Computer Programs and Systems's EBITDA is 49.83.
4. Saia (SAIA)
7.9% sales growth and 27.74% return on equity
Saia, Inc., via its subsidiaries, is a North American transportation company. It offers less-than truckload service for shipment between 400-10,000 pounds and also other value-added services such as expedited and logistic services and non-asset trucksload. It owned approximately 5600 tractors, and 19300 trailers. The original name of the company was SCS Transportation, Inc., but it changed its name in July 2006 to Saia, Inc. Saia, Inc. was established in 1924. It is located in Johns Creek, Georgia.
Earnings per Share
Saia's trailing 12 month EPS is $5.54.
PE Ratio
Saia's trailing 12-month price-to-earnings ratio is 37.66. The purchaser of the shares is therefore investing $37.66 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability and shareholder equity for a company, was 27.74%.