(VIANEWS) – New Fortress Energy (NFE), Artesian Resources Corporation (ARTNA), Allegheny Technologies Incorporated (ATI) 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. New Fortress Energy (NFE)
60.3% sales growth and 27.14% return on equity
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
Earnings Per Share
As for profitability, New Fortress Energy has a trailing twelve months EPS of $2.2.
PE Ratio
New Fortress Energy has a trailing twelve months price to earnings ratio of 11.41. Meaning, the purchaser of the share is investing $11.41 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 27.14%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 1.58%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 18.5%, now sitting on 2.49B for the twelve trailing months.
Volume
Today’s last reported volume for New Fortress Energy is 1270930 which is 22.4% below its average volume of 1637940.
2. Artesian Resources Corporation (ARTNA)
11.5% sales growth and 8.27% return on equity
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Earnings Per Share
As for profitability, Artesian Resources Corporation has a trailing twelve months EPS of $1.71.
PE Ratio
Artesian Resources Corporation has a trailing twelve months price to earnings ratio of 23.9. Meaning, the purchaser of the share is investing $23.9 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 8.27%.
3. Allegheny Technologies Incorporated (ATI)
10.5% sales growth and 31.32% return on equity
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments, High Performance Materials & Components and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts to the aerospace and defense, medical, oil and gas, and electrical energy markets. It also provides stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms, including plate, sheet, and precision rolled strip products to various markets, such as chemical and hydrocarbon processing,. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.
Earnings Per Share
As for profitability, Allegheny Technologies Incorporated has a trailing twelve months EPS of $2.69.
PE Ratio
Allegheny Technologies Incorporated has a trailing twelve months price to earnings ratio of 22.38. Meaning, the purchaser of the share is investing $22.38 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 31.32%.
Moving Average
Allegheny Technologies Incorporated’s worth is way higher than its 50-day moving average of $51.39 and way above its 200-day moving average of $44.89.
Sales Growth
Allegheny Technologies Incorporated’s sales growth for the next quarter is 10.5%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 0.5%, now sitting on 4.18B for the twelve trailing months.
4. Hartford Financial Services Group (HIG)
8.7% sales growth and 18.26% return on equity
The Hartford Financial Services Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channels and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and leave management solution. This segment also distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers managed mutual funds across various asset classes; and exchange-traded funds through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
Earnings Per Share
As for profitability, Hartford Financial Services Group has a trailing twelve months EPS of $7.97.
PE Ratio
Hartford Financial Services Group has a trailing twelve months price to earnings ratio of 12.27. Meaning, the purchaser of the share is investing $12.27 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 18.26%.
Sales Growth
Hartford Financial Services Group’s sales growth is 8.7% for the present quarter and 8.7% for the next.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 1, 2024, the estimated forward annual dividend rate is 1.88 and the estimated forward annual dividend yield is 1.92%.
