(VIANEWS) – Churchill Downs (CHDN), RLI Corp. (RLI), First BanCorp. New (FBP) 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. Churchill Downs (CHDN)
15.5% sales growth and 43.06% return on equity
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Earnings Per Share
As for profitability, Churchill Downs has a trailing twelve months EPS of $5.46.
PE Ratio
Churchill Downs has a trailing twelve months price to earnings ratio of 25.27. Meaning, the purchaser of the share is investing $25.27 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 43.06%.
Yearly Top and Bottom Value
Churchill Downs’s stock is valued at $137.96 at 16:22 EST, under its 52-week high of $146.64 and way above its 52-week low of $106.45.
Sales Growth
Churchill Downs’s sales growth for the next quarter is 15.5%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Nov 30, 2023, the estimated forward annual dividend rate is 0.38 and the estimated forward annual dividend yield is 0.28%.
Moving Average
Churchill Downs’s worth is above its 50-day moving average of $137.18 and higher than its 200-day moving average of $125.42.
2. RLI Corp. (RLI)
12.9% sales growth and 23.02% return on equity
RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. It also offers coverages for security guards and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages for errors and omission coverage for small to medium-sized design, technical, computer, and miscellaneous professionals. This segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, and for various classes of risks, including public and private businesses; and home business insurance products. The company's Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners' and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium to large-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also engages in various reinsurance coverages. It markets its products through branch offices, wholesale and retail brokers, carrier partners, and underwriting and independent agents. RLI Corp. was incorporated in 1965 and is headquartered in Peoria, Illinois.
Earnings Per Share
As for profitability, RLI Corp. has a trailing twelve months EPS of $7.32.
PE Ratio
RLI Corp. has a trailing twelve months price to earnings ratio of 20.09. Meaning, the purchaser of the share is investing $20.09 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 23.02%.
Moving Average
RLI Corp.’s value is above its 50-day moving average of $142.55 and higher than its 200-day moving average of $140.79.
3. First BanCorp. New (FBP)
11.7% sales growth and 21.51% return on equity
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans and floor plan financings; and other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and purchase of mortgage loans from other local banks and mortgage bankers. The Consumer (Retail) Banking segment provides auto, boat, credit card, and personal loans; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); and finance leasing and insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans; and internet banking, cash management, remote deposit capture, and automated clearing house, and transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
Earnings Per Share
As for profitability, First BanCorp. New has a trailing twelve months EPS of $1.83.
PE Ratio
First BanCorp. New has a trailing twelve months price to earnings ratio of 10.7. Meaning, the purchaser of the share is investing $10.7 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 21.51%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.7%, now sitting on 875.11M for the twelve trailing months.
Moving Average
First BanCorp. New’s worth is above its 50-day moving average of $18.88 and way higher than its 200-day moving average of $16.97.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 29, 2024, the estimated forward annual dividend rate is 0.64 and the estimated forward annual dividend yield is 3.27%.
Volume
Today’s last reported volume for First BanCorp. New is 697149 which is 32.46% below its average volume of 1032220.
4. CrossFirst Bankshares (CFB)
8.8% sales growth and 10.35% return on equity
CrossFirst Bankshares, Inc. operates as the bank holding company for CrossFirst Bank that provides various banking and financial services to businesses, business owners, professionals, and its personal networks. The company offers commercial real estate, construction and land development, 1-4 family real estate, multifamily real estate, commercial and industrial, energy, and consumer loans. It also provides a range of deposit products consisting of non-interest-bearing demand and interest-bearing deposits, which include transaction accounts, savings accounts, money market accounts, and certificates of deposit; and personal and business checking and savings accounts, as well as negotiable order of withdrawal accounts; and brokered and reciprocal deposits. In addition, the company offers international banking services; treasury management services; automated teller machine access; and mobile banking services. Further, it holds investments in marketable securities. It has full-service banking offices in Kansas, Missouri, Oklahoma, Arizona, Colorado, New Mexico, and Texas. CrossFirst Bankshares, Inc. was founded in 2007 and is headquartered in Leawood, Kansas.
Earnings Per Share
As for profitability, CrossFirst Bankshares has a trailing twelve months EPS of $1.42.
PE Ratio
CrossFirst Bankshares has a trailing twelve months price to earnings ratio of 13.06. Meaning, the purchaser of the share is investing $13.06 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 10.35%.
Moving Average
CrossFirst Bankshares’s value is way above its 50-day moving average of $14.60 and way above its 200-day moving average of $13.13.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 5.4% and 2.6%, respectively.
Volume
Today’s last reported volume for CrossFirst Bankshares is 332365 which is 12.72% above its average volume of 294833.
