(VIANEWS) – Globus Medical (GMED), Esquire Financial Holdings (ESQ), EastGroup Properties (EGP) 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. Globus Medical (GMED)
114.6% sales growth and 5.31% return on equity
Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. It offers spine products, such as traditional fusion implants comprising pedicle screw and rod systems, plating systems, intervertebral spacers, and corpectomy devices for treating degenerative, deformity, tumors, and trauma conditions; treatment options for motion preservation technologies that consist of dynamic stabilization, total disc replacement, and interspinous distraction devices; interventional pain management solutions to treat vertebral compression fractures; and regenerative biologic products comprising of allografts and synthetic alternatives. The company also offers products for the treatment of orthopedic trauma, including fracture plates, compression screws, intramedullary nails, and external fixation systems; and hip and knee joint solutions, including modular hip stems and acetabular cups, as well as posterior stabilizing and cruciate retaining knee arthroplasty implants. In addition, it distributes human cell, tissue, and cellular and tissue-based products. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania.
Earnings Per Share
As for profitability, Globus Medical has a trailing twelve months EPS of $1.47.
PE Ratio
Globus Medical has a trailing twelve months price to earnings ratio of 31.3. Meaning, the purchaser of the share is investing $31.3 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 5.31%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 51%, now sitting on 1.23B for the twelve trailing months.
2. Esquire Financial Holdings (ESQ)
15.2% sales growth and 24.09% return on equity
Esquire Financial Holdings, Inc. operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit. It also provides commercial loans, including short-term financing for inventory, receivables, the purchase of supplies, or other operating needs arising during the normal course of business, as well as loans to its qualified merchant customers; commercial lines of credit; consumer loans consisting of post-settlement consumer and structured settlement loans to plaintiffs and claimants, as well as loans to individuals for debt consolidation, medical expenses, living expenses, payment of outstanding bills, or other consumer needs; and real estate loans, such as multifamily, 1-4 family residential, commercial real estate, and construction loans, as well as merchant services. As of December 31, 2020, the company operated a full-service branch in Jericho, New York; and an administrative office in Boca Raton, Florida. Esquire Financial Holdings, Inc. was founded in 2006 and is headquartered in Jericho, New York.
Earnings Per Share
As for profitability, Esquire Financial Holdings has a trailing twelve months EPS of $4.84.
PE Ratio
Esquire Financial Holdings has a trailing twelve months price to earnings ratio of 10.21. Meaning, the purchaser of the share is investing $10.21 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 24.09%.
Volume
Today’s last reported volume for Esquire Financial Holdings is 28871 which is 40.32% above its average volume of 20575.
3. EastGroup Properties (EGP)
14.7% sales growth and 8.04% return on equity
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.7 million square feet.
Earnings Per Share
As for profitability, EastGroup Properties has a trailing twelve months EPS of $3.94.
PE Ratio
EastGroup Properties has a trailing twelve months price to earnings ratio of 44.87. Meaning, the purchaser of the share is investing $44.87 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 8.04%.
Sales Growth
EastGroup Properties’s sales growth is 14.6% for the present quarter and 14.7% for the next.
Volume
Today’s last reported volume for EastGroup Properties is 486909 which is 73.8% above its average volume of 280150.
Yearly Top and Bottom Value
EastGroup Properties’s stock is valued at $176.80 at 19:22 EST, under its 52-week high of $188.85 and way higher than its 52-week low of $144.40.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 27, 2023, the estimated forward annual dividend rate is 5.08 and the estimated forward annual dividend yield is 2.87%.
Previous days news about EastGroup Properties(EGP)
- According to Zacks on Monday, 18 December, "Players like EastGroup Properties (EGP Quick QuoteEGP – Free Report) , Stag Industrial (STAG Quick QuoteSTAG – Free Report) and Park Hotels & Resorts (PK Quick QuotePK – Free Report) are likely to prosper."
- According to Zacks on Monday, 18 December, "Some better-ranked stocks from the REIT sector are Lamar Advertising (LAMR Quick QuoteLAMR – Free Report) , EastGroup Properties (EGP Quick QuoteEGP – Free Report) and Stag Industrial (STAG Quick QuoteSTAG – Free Report) , each carrying a Zacks Rank #2 (Buy) at present. "
- Zacks industry outlook highlights eastgroup properties, stag industrial and park hotels & resorts. According to Zacks on Tuesday, 19 December, "Chicago, IL - December 19, 2023 - Today, Zacks Equity Research discusses EastGroup Properties (EGP Quick QuoteEGP – Free Report) , Stag Industrial (STAG Quick QuoteSTAG – Free Report) and Park Hotels & Resorts (PK Quick QuotePK – Free Report) ."
4. Heritage Insurance Holdings (HRTG)
14.3% sales growth and 19.97% return on equity
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners, and rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance. It also provides restoration, and emergency and recovery services; and property management, and reinsurance services. The company writes personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as indirectly to approximately 1,500 retail locations through eight wholesale agency relationships; and personal and commercial insurance policies through a network of approximately 70 independent agencies. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Tampa, Florida.
Earnings Per Share
As for profitability, Heritage Insurance Holdings has a trailing twelve months EPS of $0.98.
PE Ratio
Heritage Insurance Holdings has a trailing twelve months price to earnings ratio of 9.06. Meaning, the purchaser of the share is investing $9.06 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 19.97%.
Moving Average
Heritage Insurance Holdings’s worth is way above its 50-day moving average of $6.61 and way above its 200-day moving average of $4.72.
5. iRadimed Corporation (IRMD)
13.8% sales growth and 22.62% return on equity
IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. It offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; and MRI compatible patient vital signs monitoring system. The company also provides non-magnetic IV poles, wireless remote displays/controls, side car pump modules, dose error reduction systems, and SpO2 monitoring with sensors and accessories. It serves hospitals, acute care facilities, and outpatient imaging centers. The company sells its products through direct field sales representatives, regional sales directors, clinical support representatives, and independent distributors. IRADIMED CORPORATION was incorporated in 1992 and is headquartered in Winter Springs, Florida.
Earnings Per Share
As for profitability, iRadimed Corporation has a trailing twelve months EPS of $1.29.
PE Ratio
iRadimed Corporation has a trailing twelve months price to earnings ratio of 32.35. Meaning, the purchaser of the share is investing $32.35 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 22.62%.
Yearly Top and Bottom Value
iRadimed Corporation’s stock is valued at $41.73 at 19:22 EST, way below its 52-week high of $51.04 and way higher than its 52-week low of $27.57.
Earnings Before Interest, Taxes, Depreciation, and Amortization
iRadimed Corporation’s EBITDA is 7.64.
Revenue Growth
Year-on-year quarterly revenue growth grew by 23.1%, now sitting on 62.97M for the twelve trailing months.
6. Cadence Design Systems (CDNS)
6.1% sales growth and 32.9% 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 Innovus implementation system, a physical implementation system. 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 with 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 $3.5.
PE Ratio
Cadence Design Systems has a trailing twelve months price to earnings ratio of 77.94. Meaning, the purchaser of the share is investing $77.94 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 32.9%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Cadence Design Systems’s EBITDA is 18.75.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 38.5% and 6.2%, respectively.
Volume
Today’s last reported volume for Cadence Design Systems is 419725 which is 69.21% below its average volume of 1363530.
7. American Water Works (AWK)
5.6% sales growth and 10.42% return on equity
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,600 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems. It also provides water and wastewater services on various military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. In addition, the company operates approximately 80 surface water treatment plants; 490 groundwater treatment plants; 175 wastewater treatment plants; 53,500 miles of transmission, distribution, and collection mains and pipes; 1,100 groundwater wells; 1,700 water and wastewater pumping stations; 1,100 treated water storage facilities; and 73 dams. It serves approximately 14 million people with drinking water, wastewater, and other related services in 24 states. The company was founded in 1886 and is headquartered in Camden, New Jersey.
Earnings Per Share
As for profitability, American Water Works has a trailing twelve months EPS of $4.84.
PE Ratio
American Water Works has a trailing twelve months price to earnings ratio of 27.09. Meaning, the purchaser of the share is investing $27.09 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 10.42%.
Previous days news about American Water Works(AWK)
- According to Zacks on Monday, 18 December, "Thus, astute investors should invest in stocks such as American Water Works (AWK Quick QuoteAWK – Free Report) , CenterPoint Energy (CNP Quick QuoteCNP – Free Report) and Granite Construction (GVA Quick QuoteGVA – Free Report) as of now for solid returns."
