(VIANEWS) – Cadence Design Systems (CDNS), Reinsurance Group of America (RGA), Arrow Financial Corporation (AROW) 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. Cadence Design Systems (CDNS)
28.6% sales growth and 29.44% return on equity
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, Cadence Design Systems has a trailing twelve months EPS of $3.81.
PE Ratio
Cadence Design Systems has a trailing twelve months price to earnings ratio of 80.28. Meaning, the purchaser of the share is investing $80.28 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 29.44%.
Previous days news about Cadence Design Systems(CDNS)
- According to Zacks on Thursday, 12 September, "In the highly competitive EDA and semiconductor space, Synopsys faces strong competition from industry heavyweights like Cadence Design Systems (CDNS Quick QuoteCDNS – Free Report) and Arm Holdings (ARM Quick QuoteARM – Free Report) ."
- Implied volatility surging for cadence design systems (cdns) stock options. According to Zacks on Thursday, 12 September, "Currently, Cadence Design Systems is a Zacks Rank #3 (Hold) in the Computer – Software industry that ranks in the Top 26% of our Zacks Industry Rank. ", "Clearly, options traders are pricing in a big move for Cadence Design Systems shares, but what is the fundamental picture for the company? "
2. Reinsurance Group of America (RGA)
8.8% sales growth and 9.76% return on equity
Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions. It also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, the company develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. It operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1973 and is headquartered in Chesterfield, Missouri.
Earnings Per Share
As for profitability, Reinsurance Group of America has a trailing twelve months EPS of $12.85.
PE Ratio
Reinsurance Group of America has a trailing twelve months price to earnings ratio of 16.48. Meaning, the purchaser of the share is investing $16.48 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 9.76%.
Volume
Today’s last reported volume for Reinsurance Group of America is 262795 which is 32.76% below its average volume of 390834.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 13, 2024, the estimated forward annual dividend rate is 3.56 and the estimated forward annual dividend yield is 1.68%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 17.4%, now sitting on 21.38B for the twelve trailing months.
3. Arrow Financial Corporation (AROW)
8.1% sales growth and 8.52% return on equity
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. It owns 26 branch banking offices; and leases 12 branch banking offices, as well as two residential loan origination offices. Arrow Financial Corporation was founded in 1851 and is headquartered in Glens Falls, New York.
Earnings Per Share
As for profitability, Arrow Financial Corporation has a trailing twelve months EPS of $1.9.
PE Ratio
Arrow Financial Corporation has a trailing twelve months price to earnings ratio of 15.89. Meaning, the purchaser of the share is investing $15.89 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 8.52%.
Sales Growth
Arrow Financial Corporation’s sales growth for the next quarter is 8.1%.
4. Blackbaud (BLKB)
6.4% sales growth and 6.2% return on equity
Blackbaud, Inc. provides cloud software solutions to higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; organizational and program management, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services. It sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.
Earnings Per Share
As for profitability, Blackbaud has a trailing twelve months EPS of $0.79.
PE Ratio
Blackbaud has a trailing twelve months price to earnings ratio of 105.63. Meaning, the purchaser of the share is investing $105.63 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 6.2%.
Yearly Top and Bottom Value
Blackbaud’s stock is valued at $83.45 at 01:22 EST, below its 52-week high of $88.56 and way above its 52-week low of $64.32.
Sales Growth
Blackbaud’s sales growth for the next quarter is 6.4%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 4.5% and a negative 0.9%, respectively.
