(VIANEWS) – Nordic American Tankers Limited (NAT), First Busey Corporation (BUSE), OFS Credit Company (OCCI) 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)
47.3% sales growth and 11.44% 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 $0.29.
PE Ratio
Nordic American Tankers Limited has a trailing twelve months price to earnings ratio of 12.66. Meaning, the purchaser of the share is investing $12.66 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 11.44%.
Sales Growth
Nordic American Tankers Limited’s sales growth is 33.2% for the current quarter and 47.3% for the next.
Yearly Top and Bottom Value
Nordic American Tankers Limited’s stock is valued at $3.67 at 16:22 EST, way under its 52-week high of $4.83 and way above its 52-week low of $3.31.
2. First Busey Corporation (BUSE)
28.6% sales growth and 8.68% return on equity
First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, FirsTech, and Wealth Management. It offers banking services to individual and corporate customers. The company also provides asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services. Further, it offers payment technology solutions through its payment platform, such as walk-in payment processing for customers at retail pay agents; online bill payment solutions; customer service payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered to automated clearing house network; money management and credit card networks; and lockbox remittance processing to make payments by mail, as well as provides tools related to billing, reconciliation, bill reminders, and treasury services. The company has 46 banking centers in Illinois; 8 in Missouri; 3 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.
Earnings Per Share
As for profitability, First Busey Corporation has a trailing twelve months EPS of $1.94.
PE Ratio
First Busey Corporation has a trailing twelve months price to earnings ratio of 12.94. Meaning, the purchaser of the share is investing $12.94 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 8.68%.
3. OFS Credit Company (OCCI)
12.2% sales growth and 10.34% return on equity
OFS Credit Company, Inc. is a fund of OFS Advisor.
Earnings Per Share
As for profitability, OFS Credit Company has a trailing twelve months EPS of $0.68.
PE Ratio
OFS Credit Company has a trailing twelve months price to earnings ratio of 11.07. Meaning, the purchaser of the share is investing $11.07 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 10.34%.
4. EastGroup Properties (EGP)
11.3% sales growth and 9.09% 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 $4.8.
PE Ratio
EastGroup Properties has a trailing twelve months price to earnings ratio of 39.1. Meaning, the purchaser of the share is investing $39.1 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 9.09%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 13.7%, now sitting on 608.99M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is 5.6% and a drop 11.9% for the next.
Volume
Today’s last reported volume for EastGroup Properties is 404781 which is 29.93% above its average volume of 311525.
Sales Growth
EastGroup Properties’s sales growth for the next quarter is 11.3%.
5. Patrick Industries (PATK)
10.3% sales growth and 14.63% return on equity
Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, China, and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum product; fiberglass and plastic components; RV painting; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinet; polymer-based flooring product; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat covers, tower, top, and frame; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite part, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, marine accessories, wiring product, electrical and plumbing product, fiber reinforced polyester product; cement siding product, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other products. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.
Earnings Per Share
As for profitability, Patrick Industries has a trailing twelve months EPS of $6.97.
PE Ratio
Patrick Industries has a trailing twelve months price to earnings ratio of 20.78. Meaning, the purchaser of the share is investing $20.78 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 14.63%.
Volume
Today’s last reported volume for Patrick Industries is 20452 which is 88.65% below its average volume of 180200.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 26, 2024, the estimated forward annual dividend rate is 2.2 and the estimated forward annual dividend yield is 1.52%.
6. Merit Medical Systems (MMSI)
7% sales growth and 9.45% 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 $2.01.
PE Ratio
Merit Medical Systems has a trailing twelve months price to earnings ratio of 47.11. Meaning, the purchaser of the share is investing $47.11 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 9.45%.
Sales Growth
Merit Medical Systems’s sales growth is 9.3% for the current quarter and 7% for the next.
Yearly Top and Bottom Value
Merit Medical Systems’s stock is valued at $94.69 at 16:22 EST, below its 52-week high of $101.60 and way above its 52-week low of $62.58.
Moving Average
Merit Medical Systems’s value is higher than its 50-day moving average of $94.04 and way higher than its 200-day moving average of $82.64.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 6.7% and 2.5%, respectively.
