(VIANEWS) – First Bancorp (FBNC), Progressive Corporation (PGR), Haynes International (HAYN) 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. First Bancorp (FBNC)
23.6% sales growth and 12.99% return on equity
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.
Earnings Per Share
As for profitability, First Bancorp has a trailing twelve months EPS of $3.18.
PE Ratio
First Bancorp has a trailing twelve months price to earnings ratio of 10.74. Meaning, the purchaser of the share is investing $10.74 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 12.99%.
Yearly Top and Bottom Value
First Bancorp’s stock is valued at $34.17 at 01:22 EST, way under its 52-week high of $49.00 and higher than its 52-week low of $32.90.
Volume
Today’s last reported volume for First Bancorp is 172976 which is 31.24% below its average volume of 251600.
2. 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 13.31. Meaning, the purchaser of the share is investing $13.31 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%.
Yearly Top and Bottom Value
Progressive Corporation’s stock is valued at $146.40 at 01:22 EST, under its 52-week high of $146.50 and way above its 52-week low of $106.35.
Revenue Growth
Year-on-year quarterly revenue growth declined by 69.2%, now sitting on 49.59B for the twelve trailing months.
Moving Average
Progressive Corporation’s value is above its 50-day moving average of $139.45 and way above its 200-day moving average of $127.41.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jan 4, 2023, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 0.29%.
3. Haynes International (HAYN)
13.6% sales growth and 13.21% return on equity
Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation; and industrial heating equipment. The company's CRA products are used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. Its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, sensors and instrumentation, biopharmaceuticals, solar, and nuclear fuel. In addition, the company produces products as seamless and welded tubulars, as well as in slab, bar, billet, and wire forms. It sells its products primarily through direct sales organizations, and network of independent distributors and sales agents. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana.
Earnings Per Share
As for profitability, Haynes International has a trailing twelve months EPS of $-2.05.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 13.21%.
Moving Average
Haynes International’s value is below its 50-day moving average of $52.89 and way above its 200-day moving average of $44.97.
Yearly Top and Bottom Value
Haynes International’s stock is valued at $50.62 at 01:22 EST, way below its 52-week high of $60.85 and way higher than its 52-week low of $29.00.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 27, 2023, the estimated forward annual dividend rate is 0.88 and the estimated forward annual dividend yield is 1.67%.
Volume
Today’s last reported volume for Haynes International is 58019 which is 33.75% below its average volume of 87581.
4. Air Transport Services Group (ATSG)
8.4% sales growth and 14.36% return on equity
Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and internationally. The company offers aircraft, flight crews, aircraft maintenance, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance. It also provides equipment maintenance services; cargo load transfer and package sorting services; crew training services; and airline express operation, line and heavy maintenance, and ground handling services. The company's ground support services include labor and management for cargo load transfer and sorting; design, installation, and maintenance of material handling equipment; leasing and maintenance of ground support equipment; and general facilities maintenance. In addition, it offers equipment installation and maintenance, vehicle maintenance and repair, jet fuel, and deicing services. Further, the company operates cargo and passenger transportation business; resells and brokers aircraft parts; and performs passenger-to-freighter and passenger-to-combi conversions of aircrafts. It provides its services to delivery companies, freight forwarders, airlines, air transportation, e-commerce, package delivery, and logistics industries, as well as government customers. As of December 31, 2021, the company's in-service aircraft fleet consisted of 107 owned aircraft and ten leased aircraft. The company was formerly known as ABX Holdings, Inc. Air Transport Services Group, Inc. was founded in 1980 and is based in Wilmington, Ohio.
Earnings Per Share
As for profitability, Air Transport Services Group has a trailing twelve months EPS of $2.29.
PE Ratio
Air Transport Services Group has a trailing twelve months price to earnings ratio of 9.1. Meaning, the purchaser of the share is investing $9.1 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 14.36%.
Sales Growth
Air Transport Services Group’s sales growth is 9.9% for the ongoing quarter and 8.4% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 10.5%, now sitting on 2.05B for the twelve trailing months.
5. Hanover Insurance Group (THG)
5.7% sales growth and 4.27% return on equity
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage. The Specialty segment provides professional and executive Lines, marine, and surety and other, as well as specialty P&C, such as program business, specialty industrial and commercial property, excess and surplus lines, and specialty general liability coverage. The Personal Lines segment offers personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
Earnings Per Share
As for profitability, Hanover Insurance Group has a trailing twelve months EPS of $3.23.
PE Ratio
Hanover Insurance Group has a trailing twelve months price to earnings ratio of 40.06. Meaning, the purchaser of the share is investing $40.06 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 4.27%.
Sales Growth
Hanover Insurance Group’s sales growth is 6% for the current quarter and 5.7% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 7.3%, now sitting on 5.47B for the twelve trailing months.
Yearly Top and Bottom Value
Hanover Insurance Group’s stock is valued at $129.38 at 01:22 EST, way under its 52-week high of $155.55 and higher than its 52-week low of $119.82.
