(VIANEWS) – Churchill Downs (CHDN), Camden National Corporation (CAC), Badger Meter (BMI) 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% 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 25.45. Meaning, the purchaser of the share is investing $25.45 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 43.06%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 21.8% and 26.7%, respectively.
Volume
Today’s last reported volume for Churchill Downs is 211970 which is 53.43% below its average volume of 455182.
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%.
2. Camden National Corporation (CAC)
14.7% sales growth and 8.92% return on equity
Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. It also offers non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the U.S. small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2021, the company had 57 branches within Maine; one residential mortgage lending office in Braintree, Massachusetts; two locations in New Hampshire, including a branch in Portsmouth and a commercial loan production office in Manchester; and an online residential mortgage and small commercial digital loan platform, as well as 66 ATMs. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.
Earnings Per Share
As for profitability, Camden National Corporation has a trailing twelve months EPS of $2.97.
PE Ratio
Camden National Corporation has a trailing twelve months price to earnings ratio of 13.49. Meaning, the purchaser of the share is investing $13.49 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 8.92%.
Sales Growth
Camden National Corporation’s sales growth is 23.9% for the current quarter and 14.7% for the next.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jul 15, 2024, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 4.19%.
3. Badger Meter (BMI)
12.7% sales growth and 21.73% return on equity
Some better-ranked stocks from the broader Computer and Technology sector are Arista Networks (ANET Quick QuoteANET – Free Report) , Badger Meter (BMI Quick QuoteBMI – Free Report) and Audioeye (AEYE Quick QuoteAEYE – Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present.
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was founded in 1905 and is headquartered in Milwaukee, Wisconsin.
Earnings Per Share
As for profitability, Badger Meter has a trailing twelve months EPS of $3.84.
PE Ratio
Badger Meter has a trailing twelve months price to earnings ratio of 52.85. Meaning, the purchaser of the share is investing $52.85 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 21.73%.
Yearly Top and Bottom Value
Badger Meter’s stock is valued at $202.94 at 16:22 EST, under its 52-week high of $210.30 and way above its 52-week low of $134.06.
Volume
Today’s last reported volume for Badger Meter is 142306 which is 11.7% below its average volume of 161167.
Previous days news about Badger Meter(BMI)
- According to Zacks on Thursday, 29 August, "Some better-ranked stocks from the broader Computer and Technology sector are Arista Networks (ANET Quick QuoteANET – Free Report) , Badger Meter (BMI Quick QuoteBMI – Free Report) and Audioeye (AEYE Quick QuoteAEYE – Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. "
- According to Zacks on Wednesday, 28 August, "Some better-ranked stocks in the broader technology sector are Arista Networks (ANET Quick QuoteANET – Free Report) , Badger Meter (BMI Quick QuoteBMI – Free Report) and Audioeye (AEYE Quick QuoteAEYE – Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. "
- According to Zacks on Tuesday, 27 August, "Some better-ranked stocks worth consideration in the broader technology space are Badger Meter (BMI Quick QuoteBMI – Free Report) , Manhattan Associates (MANH Quick QuoteMANH – Free Report) and ANSYS (ANSS Quick QuoteANSS – Free Report) . ", "While Badger Meter and Manhattan Associates sport a Zacks Rank #1 (Strong Buy), ANSYS carries a Zacks Rank #2 (Buy) each, at present. "
4. QCR Holdings (QCRH)
12.7% sales growth and 12.94% return on equity
QCR Holdings, Inc., a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. Its deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. The company also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies. Its loan portfolio comprises loans to small and mid-sized businesses; business loans, including lines of credit for working capital and operational purposes; term loans for the acquisition of facilities, equipment, and other purposes; commercial and residential real estate loans; and installment and other consumer loans, such as home improvement, home equity, motor vehicle, and signature loans, as well as small personal credit lines. In addition, the company engages in leasing of machinery and equipment to commercial and industrial businesses under direct financing lease contracts; and issuance of trust preferred securities. It serves the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities. The company was founded in 1993 and is headquartered in Moline, Illinois.
Earnings Per Share
As for profitability, QCR Holdings has a trailing twelve months EPS of $6.74.
PE Ratio
QCR Holdings has a trailing twelve months price to earnings ratio of 10.6. Meaning, the purchaser of the share is investing $10.6 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 12.94%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 0.24 and the estimated forward annual dividend yield is 0.34%.
5. Fortinet (FTNT)
12.2% sales growth and 430.88% return on equity
Fortinet stock up 30.3% ytd: can cybersecurity boom fuel more growth?In the second quarter of 2024, Fortinet reported revenues of $1.43 billion, a 10.9% year-over-year increase driven by strong growth in services revenues.
All you need to know about fortinet (ftnt) rating upgrade to buyAs such, the Zacks rating upgrade for Fortinet is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price., Investors might want to bet on Fortinet (FTNT Quick QuoteFTNT – Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy).
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
Earnings Per Share
As for profitability, Fortinet has a trailing twelve months EPS of $1.46.
PE Ratio
Fortinet has a trailing twelve months price to earnings ratio of 45.51. Meaning, the purchaser of the share is investing $45.51 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 430.88%.
Sales Growth
Fortinet’s sales growth is 10.8% for the present quarter and 12.2% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 10.9%, now sitting on 5.54B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 24.4% and 2%, respectively.
Yearly Top and Bottom Value
Fortinet’s stock is valued at $66.45 at 16:22 EST, way below its 52-week high of $76.31 and way higher than its 52-week low of $44.12.
Previous days news about Fortinet(FTNT)
- Zacks.com featured highlights include norwegian cruise line, eli lilly, the progressive and fortinet. According to Zacks on Tuesday, 27 August, "(NCLH Quick QuoteNCLH – Free Report) , Eli Lilly (LLY Quick QuoteLLY – Free Report) , The Progressive (PGR Quick QuotePGR – Free Report) and Fortinet (FTNT Quick QuoteFTNT – Free Report) .", "In this regard, we ran a screener that yielded Norwegian Cruise Line Holdings Ltd., Eli Lilly, The Progressive and Fortinet as the likely winners on the earnings beat potential."
6. Tetra Tech (TTEK)
10.7% sales growth and 18.66% return on equity
Tetra Tech, Inc. provides consulting and engineering services worldwide. The company operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services. This segment serves federal, state, and local governments, and development agencies in water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a range of civil infrastructure master planning and engineering design markets. The CIG segment provides early data collection and monitoring, data analysis and information management, feasibility studies and assessments, science and engineering applied research, engineering design, construction management, and operations and maintenance services. This segment serves natural resources, energy, and utilities markets, as well as civil infrastructure master planning and engineering design markets. Tetra Tech, Inc. was founded in 1966 and is headquartered in Pasadena, California.
Earnings Per Share
As for profitability, Tetra Tech has a trailing twelve months EPS of $5.4.
PE Ratio
Tetra Tech has a trailing twelve months price to earnings ratio of 42.41. Meaning, the purchaser of the share is investing $42.41 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 18.66%.
Volume
Today’s last reported volume for Tetra Tech is 148752 which is 50.19% below its average volume of 298674.
Previous days news about Tetra Tech(TTEK)
- Here's why you should add tetra tech stock to your portfolio. According to Zacks on Wednesday, 28 August, "Headquartered in Pasadena, Tetra Tech is a leading provider of consulting, construction management, engineering, program management and technical services. ", "Business Strength: In the quarters ahead, Tetra Tech is poised to gain from its diversified business structure, which helps mitigate the adverse impact of weakness in one end market with strength across the others. "
