(VIANEWS) – Cambridge Bancorp (CATC), First Merchants Corporation (FRME), Dycom Industries (DY) 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. Cambridge Bancorp (CATC)
21.2% sales growth and 12.55% return on equity
Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking and savings accounts, certificates of deposit, money market accounts, trust accounts, individual retirement accounts, and time and demand deposits. Its loan products include residential and commercial real estate loans; home equity lines of credit and term loans; commercial and industrial loans; secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. The company operates through a network of 21 banking offices in Eastern Massachusetts and New Hampshire; and 2 wealth management offices located in Massachusetts, as well as 3 wealth management offices located in New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.
Earnings Per Share
As for profitability, Cambridge Bancorp has a trailing twelve months EPS of $5.66.
Cambridge Bancorp has a trailing twelve months price to earnings ratio of 14.74. Meaning,
the purchaser of the share is investing $14.74 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 12.55%.
Cambridge Bancorp’s sales growth is 17.8% for the ongoing quarter and 21.2% for the next.
Yearly Top and Bottom Value
Cambridge Bancorp’s stock is valued at $83.40 at 00:22 EST, way below its 52-week high of $93.25 and above its 52-week low of $77.62.
Year-on-year quarterly revenue growth grew by 6.1%, now sitting on 178.57M for the twelve trailing months.
2. First Merchants Corporation (FRME)
15.1% sales growth and 11.25% return on equity
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Earnings Per Share
As for profitability, First Merchants Corporation has a trailing twelve months EPS of $3.81.
First Merchants Corporation has a trailing twelve months price to earnings ratio of 11.45. Meaning,
the purchaser of the share is investing $11.45 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 11.25%.
According to Morningstar, Inc., the next dividend payment is on Nov 30, 2022, the estimated forward annual dividend rate is 1.28 and the estimated forward annual dividend yield is 2.94%.
First Merchants Corporation’s sales growth is 40.3% for the current quarter and 15.1% for the next.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 27.5% and 82.5%, respectively.
Today’s last reported volume for First Merchants Corporation is 245472 which is 48.73% above its average volume of 165045.
3. Dycom Industries (DY)
12.3% sales growth and 11.78% return on equity
Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.
Earnings Per Share
As for profitability, Dycom Industries has a trailing twelve months EPS of $1.07.
Dycom Industries has a trailing twelve months price to earnings ratio of 86.98. Meaning,
the purchaser of the share is investing $86.98 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 11.78%.
4. Flex (FLEX)
5.1% sales growth and 24.18% return on equity
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.
Earnings Per Share
As for profitability, Flex has a trailing twelve months EPS of $0.83.
Flex has a trailing twelve months price to earnings ratio of 29.43. Meaning,
the purchaser of the share is investing $29.43 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 24.18%.
Flex’s value is higher than its 50-day moving average of $22.45 and way above its 200-day moving average of $18.45.
Yearly Top and Bottom Value
Flex’s stock is valued at $24.45 at 00:22 EST, under its 52-week high of $25.12 and way higher than its 52-week low of $13.63.
Today’s last reported volume for Flex is 4806960 which is 2.67% above its average volume of 4681620.
Flex’s sales growth for the next quarter is 5.1%.