(VIANEWS) – Ceragon Networks Ltd. (CRNT), Credicorp Ltd. (BAP), Erie Indemnity Company (ERIE) 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. Ceragon Networks Ltd. (CRNT)
13.9% sales growth and 4.9% return on equity
Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also offers wireless fronthaul solutions that use microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G base stations. In addition, it provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, IP-50S, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company offers network management system; and network and radio planning, site survey, solutions development, installation, network auditing and optimization, maintenance, training, and other services. It provides its services to smart-phone applications, such as internet browsing, social networking, image sharing, music, and video applications; oil and gas companies; public safety organizations; business and public institutions; broadcasters; energy utilities; and private communications networks. The company sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators. It operates in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Tel Aviv, Israel.
Earnings Per Share
As for profitability, Ceragon Networks Ltd. has a trailing twelve months EPS of $0.07.
PE Ratio
Ceragon Networks Ltd. has a trailing twelve months price to earnings ratio of 45.14. Meaning, the purchaser of the share is investing $45.14 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 4.9%.
Volume
Today’s last reported volume for Ceragon Networks Ltd. is 287251 which is 55.89% below its average volume of 651218.
Moving Average
Ceragon Networks Ltd.’s worth is higher than its 50-day moving average of $2.89 and way higher than its 200-day moving average of $2.21.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 100% and 250%, respectively.
2. Credicorp Ltd. (BAP)
12.3% sales growth and 15.82% return on equity
Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities. Its Insurance and Pensions segment issues insurance policies to cover losses in commercial property, transportation, marine vessels, automobile, life, health, and pensions, as well as provides private pension fund management services. The company's Microfinance segment manages loans, credits, deposits, and current accounts of the small and microenterprises. Its Investment Banking and Wealth Management segment offers its services to corporations, institutional investors, governments, and foundations; engages in structuring and placement of issues in the primary market, as well as the execution and negotiation of operations in the secondary market; and structures securitization processes for corporate customers and manages mutual funds. The company was founded in 1889 and is headquartered in Lima, Peru.
Earnings Per Share
As for profitability, Credicorp Ltd. has a trailing twelve months EPS of $16.15.
PE Ratio
Credicorp Ltd. has a trailing twelve months price to earnings ratio of 10.53. Meaning, the purchaser of the share is investing $10.53 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 15.82%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 13.1% and positive 3.1% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.9%, now sitting on 16.18B for the twelve trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 18, 2023, the estimated forward annual dividend rate is 6.77 and the estimated forward annual dividend yield is 3.99%.
3. Erie Indemnity Company (ERIE)
11.2% sales growth and 28.67% return on equity
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
Earnings Per Share
As for profitability, Erie Indemnity Company has a trailing twelve months EPS of $8.51.
PE Ratio
Erie Indemnity Company has a trailing twelve months price to earnings ratio of 46.08. Meaning, the purchaser of the share is investing $46.08 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 28.67%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Apr 8, 2024, the estimated forward annual dividend rate is 5.1 and the estimated forward annual dividend yield is 1.3%.
4. Monolithic Power Systems (MPWR)
7.5% sales growth and 22.99% return on equity
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. It offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in computers and notebooks, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, value-added resellers, directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers. It serves China, Taiwan, South Korea, Europe, Japan, Southeast Asia, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.
Earnings Per Share
As for profitability, Monolithic Power Systems has a trailing twelve months EPS of $8.76.
PE Ratio
Monolithic Power Systems has a trailing twelve months price to earnings ratio of 75.14. Meaning, the purchaser of the share is investing $75.14 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 22.99%.
Yearly Top and Bottom Value
Monolithic Power Systems’s stock is valued at $658.23 at 01:22 EST, way below its 52-week high of $778.15 and way above its 52-week low of $383.19.
