(VIANEWS) – Nordic American Tankers Limited (NAT), Microsoft (MSFT), Mercury General Corporation (MCY) 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. Nordic American Tankers Limited (NAT)
47.8% sales growth and 12.33% return on equity
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 19 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Nordic American Tankers Limited has a trailing twelve months EPS of $0.32.
PE Ratio
Nordic American Tankers Limited has a trailing twelve months price to earnings ratio of 12.16. Meaning, the purchaser of the share is investing $12.16 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 12.33%.
Yearly Top and Bottom Value
Nordic American Tankers Limited’s stock is valued at $3.89 at 16:22 EST, way under its 52-week high of $4.83 and way higher than its 52-week low of $3.45.
Revenue Growth
Year-on-year quarterly revenue growth declined by 30.5%, now sitting on 365.16M for the twelve trailing months.
2. Microsoft (MSFT)
31.4% sales growth and 38.49% return on equity
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington.
Earnings Per Share
As for profitability, Microsoft has a trailing twelve months EPS of $11.04.
PE Ratio
Microsoft has a trailing twelve months price to earnings ratio of 38.22. Meaning, the purchaser of the share is investing $38.22 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 38.49%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 17%, now sitting on 236.58B for the twelve trailing months.
Moving Average
Microsoft’s worth is above its 50-day moving average of $419.43 and above its 200-day moving average of $386.66.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 15, 2024, the estimated forward annual dividend rate is 3 and the estimated forward annual dividend yield is 0.67%.
Previous days news about Microsoft(MSFT)
- According to Zacks on Tuesday, 25 June, "These solutions include Azure OpenAI Service copilot templates, retail data solutions in Microsoft Fabric, Dynamics 365 Customer Insights copilot features and Retail Media Creative Studio.", "However, Alibaba faces stiff competition in the generative AI market against players like Microsoft (MSFT Quick QuoteMSFT – Free Report) , Amazon (AMZN Quick QuoteAMZN – Free Report) and Alphabet (GOOGL Quick QuoteGOOGL – Free Report) , which are making concerted efforts to strengthen their dominance in the market."
- According to Zacks on Monday, 24 June, "According to a new report by Grand View Research, the global artificial intelligence market is expected to witness a CAGR (2024-2030) of 36.6% to reach $811.75 billion by 2030 and continue to drive the market higher (read: Bet on AI Ecosphere With These ETFs).NVIDIA, Apple (AAPL) and Microsoft (MSFT) are in a race to become the world’s most valuable company and hit a market capitalization of $4 trillion on surging enthusiasm over AI capabilities. "
- According to Zacks on Monday, 24 June, "The platform combines Dell solutions and services optimized for AI workloads and supports an open ecosystem of partners comprising NVIDIA (NVDA Quick QuoteNVDA – Free Report) , Meta Platforms, Microsoft and Hugging Face."
- According to Zacks on Monday, 24 June, "This, in turn, will continue aiding Google in sustaining its dominance against the likes of Microsoft (MSFT Quick QuoteMSFT – Free Report) and Baidu (BIDU Quick QuoteBIDU – Free Report) , which are also making concerted efforts to boost their presence in the search engine market."
3. Mercury General Corporation (MCY)
29.3% sales growth and 14.04% return on equity
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, fire, and umbrella insurance. The company's automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners' insurance products cover dwelling, liability, personal property, fire, and other hazards. It sells its policies through a network of independent agents, 100% owned insurance agents, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. The company was founded in 1961 and is headquartered in Los Angeles, California.
Earnings Per Share
As for profitability, Mercury General Corporation has a trailing twelve months EPS of $3.89.
PE Ratio
Mercury General Corporation has a trailing twelve months price to earnings ratio of 13.04. Meaning, the purchaser of the share is investing $13.04 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 14.04%.
4. International General Insurance Holdings Ltd. (IGIC)
11.5% sales growth and 24.75% return on equity
International General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance segments. It offers a portfolio of specialty lines insurance products and services for energy, property, construction and engineering, ports and terminals, general aviation, political violence, casualty, financial institutions, marine liability, and treaty reinsurance. The company was founded in 2001 and is based in Amman, Jordan.
Earnings Per Share
As for profitability, International General Insurance Holdings Ltd. has a trailing twelve months EPS of $2.68.
PE Ratio
International General Insurance Holdings Ltd. has a trailing twelve months price to earnings ratio of 5.26. Meaning, the purchaser of the share is investing $5.26 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 24.75%.
Volume
Today’s last reported volume for International General Insurance Holdings Ltd. is 47522 which is 34.12% below its average volume of 72142.
Yearly Top and Bottom Value
International General Insurance Holdings Ltd.’s stock is valued at $14.09 at 16:22 EST, under its 52-week high of $15.26 and way higher than its 52-week low of $8.52.
Revenue Growth
Year-on-year quarterly revenue growth grew by 10.2%, now sitting on 483.96M for the twelve trailing months.
5. Installed Building Products (IBP)
10.2% sales growth and 42.26% return on equity
Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. The company offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. It is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, the company installs a range of caulk and sealant products that control air infiltration in residential and commercial buildings; and waterproofing options, including sheet and hot applied waterproofing membranes, as well as deck coating, bentonite, and air and vapor systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors through a network of approximately 210 branch locations. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is based in Columbus, Ohio.
Earnings Per Share
As for profitability, Installed Building Products has a trailing twelve months EPS of $8.84.
PE Ratio
Installed Building Products has a trailing twelve months price to earnings ratio of 24.28. Meaning, the purchaser of the share is investing $24.28 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 42.26%.
Volume
Today’s last reported volume for Installed Building Products is 171578 which is 41.95% below its average volume of 295592.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 10.7% and 11.5%, respectively.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 1.4 and the estimated forward annual dividend yield is 0.65%.
6. Merit Medical Systems (MMSI)
6.7% sales growth and 8.45% return on equity
Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, hemostasis, intervention, fluid management, electrophysiology and cardiac rhythm management, and hemodynamic monitoring to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, swab and collection systems, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, advanced over-the-wire and direct visualization delivery systems, and dilation balloons; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. The company sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.
Earnings Per Share
As for profitability, Merit Medical Systems has a trailing twelve months EPS of $1.74.
PE Ratio
Merit Medical Systems has a trailing twelve months price to earnings ratio of 47.25. Meaning, the purchaser of the share is investing $47.25 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 8.45%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 8.7%, now sitting on 1.28B for the twelve trailing months.
