(VIANEWS) – Canadian Solar (CSIQ), MVB Financial Corp. (MVBF), Cadence Design Systems (CDNS) 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)
62.9% sales growth and 11.53% 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 $2.38.
PE Ratio
Canadian Solar has a trailing twelve months price to earnings ratio of 16.02. Meaning, the purchaser of the share is investing $16.02 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 11.53%.
Yearly Top and Bottom Value
Canadian Solar’s stock is valued at $38.11 at 11:22 EST, way under its 52-week high of $47.69 and way above its 52-week low of $22.15.
Moving Average
Canadian Solar’s value is below its 50-day moving average of $39.89 and above its 200-day moving average of $36.42.
Revenue Growth
Year-on-year quarterly revenue growth grew by 57.2%, now sitting on 7.03B for the twelve trailing months.
2. MVB Financial Corp. (MVBF)
44.1% sales growth and 6.97% return on equity
MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, and consumer loans. The company also provides debit cards; cashier's checks; safe deposit rental facilities; and non-deposit investment services, as well as automated teller machines, and internet and telephone banking services. The company operates 13 full-service banking branches; ten offices in West Virginia; and three in Virginia. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.
Earnings Per Share
As for profitability, MVB Financial Corp. has a trailing twelve months EPS of $3.65.
PE Ratio
MVB Financial Corp. has a trailing twelve months price to earnings ratio of 6.97. Meaning, the purchaser of the share is investing $6.97 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 6.97%.
3. Cadence Design Systems (CDNS)
17.5% sales growth and 30.95% 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 logic synthesis and Joules RTL power solutions, as well as Modus 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 signoff products to signoff the design as ready for silicon manufacturing. 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 and 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 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. 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 $2.34.
PE Ratio
Cadence Design Systems has a trailing twelve months price to earnings ratio of 88.27. Meaning, the purchaser of the share is investing $88.27 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 30.95%.
Moving Average
Cadence Design Systems’s worth is way higher than its 50-day moving average of $186.91 and way higher than its 200-day moving average of $169.63.
Yearly Top and Bottom Value
Cadence Design Systems’s stock is valued at $206.55 at 11:22 EST, under its 52-week high of $209.50 and way higher than its 52-week low of $132.32.
Revenue Growth
Year-on-year quarterly revenue growth grew by 16.4%, now sitting on 3.56B for the twelve trailing months.
Volume
Today’s last reported volume for Cadence Design Systems is 1891410 which is 22.26% above its average volume of 1546940.
Previous days news about Cadence Design Systems(CDNS)
- Zacks industry outlook highlights Salesforce, cadence design systems and blackbaud. According to Zacks on Thursday, 16 March, "These trends bode well for industry participants like Salesforce, Cadence Design Systems and Blackbaud.", "Cadence Design Systems: Based in San Jose, CA, Cadence Design Systems offers products and tools that help customers to design electronic products. "
- According to Zacks on Friday, 17 March, "For example, three stocks - Cadence Design Systems (CDNS Quick QuoteCDNS – Free Report) , Salesforce (CRM Quick QuoteCRM – Free Report) , and Palo Alto Networks (PANW Quick QuotePANW – Free Report) - have all widely outperformed the S&P 500 in 2023 so far, as we can see in the chart below.", "And in 2023, all three large-cap tech stocks above - Cadence Design Systems (CDNS Quick QuoteCDNS – Free Report) , Salesforce (CRM Quick QuoteCRM – Free Report) , and Palo Alto Networks (PANW Quick QuotePANW – Free Report) - have displayed immense relative strength, outperforming the general market by notable margins."
4. Progressive Corporation (PGR)
14.2% sales growth and 4.23% return on equity
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
Earnings Per Share
As for profitability, Progressive Corporation has a trailing twelve months EPS of $11.
PE Ratio
Progressive Corporation has a trailing twelve months price to earnings ratio of 12.38. Meaning, the purchaser of the share is investing $12.38 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 4.23%.
Previous days news about Progressive Corporation(PGR)
- According to Zacks on Thursday, 16 March, "The Progressive Corporation (PGR Quick QuotePGR – Free Report) reported earnings per share of 25 cents for February 2023, which surged more than two-fold year over year. "
5. Orion Engineered Carbons S.A (OEC)
8% sales growth and 27.26% return on equity
Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications. It also provides rubber carbon black products for applications in mechanical rubber goods under the PUREX brand, as well as in tires under the ECORAX brand name. The company was formerly known as Orion Engineered Carbons S.Ã r.l. and changed its name to Orion Engineered Carbons S.A. in July 2014. Orion Engineered Carbons S.A. was incorporated in 2011 and is headquartered in Houston, Texas.
Earnings Per Share
As for profitability, Orion Engineered Carbons S.A has a trailing twelve months EPS of $1.59.
PE Ratio
Orion Engineered Carbons S.A has a trailing twelve months price to earnings ratio of 15.43. Meaning, the purchaser of the share is investing $15.43 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 27.26%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 17.7%, now sitting on 2.03B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 7% and positive 13.8% for the next.
Moving Average
Orion Engineered Carbons S.A’s value is way higher than its 50-day moving average of $21.65 and way above its 200-day moving average of $17.93.
Volume
Today’s last reported volume for Orion Engineered Carbons S.A is 920525 which is 92.08% above its average volume of 479235.
6. The Lovesac Company (LOVE)
6.4% sales growth and 23.85% return on equity
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, foot sac blankets, decorative pillows, fitted seat tables, and ottomans. As of January 31, 2021, the Company operated 108 showrooms. It markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, and street locations in 36 states of the United States; and in store pop-up- shops and shop-in-shops. The Lovesac Company was founded in 1995 and is based in Stamford, Connecticut.
Earnings Per Share
As for profitability, The Lovesac Company has a trailing twelve months EPS of $0.96.
PE Ratio
The Lovesac Company has a trailing twelve months price to earnings ratio of 30.65. Meaning, the purchaser of the share is investing $30.65 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 23.85%.
Volume
Today’s last reported volume for The Lovesac Company is 312186 which is 36.36% below its average volume of 490586.
Revenue Growth
Year-on-year quarterly revenue growth grew by 15.5%, now sitting on 608.9M for the twelve trailing months.
Yearly Top and Bottom Value
The Lovesac Company’s stock is valued at $29.42 at 11:22 EST, way below its 52-week high of $63.41 and way higher than its 52-week low of $17.60.
