(VIANEWS) – Novanta (NOVT), Cognex Corporation (CGNX), First Industrial Realty Trust (FR) 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. Novanta (NOVT)
24.8% sales growth and 9.36% return on equity
Novanta Inc., together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. The Precision Medicine and Manufacturing segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Robotics and Automation segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.
Earnings Per Share
As for profitability, Novanta has a trailing twelve months EPS of $1.72.
PE Ratio
Novanta has a trailing twelve months price to earnings ratio of 106.26. Meaning, the purchaser of the share is investing $106.26 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 9.36%.
Volume
Today’s last reported volume for Novanta is 102298 which is 31.73% below its average volume of 149853.
Moving Average
Novanta’s value is higher than its 50-day moving average of $170.06 and way higher than its 200-day moving average of $162.03.
2. Cognex Corporation (CGNX)
12.8% sales growth and 5.25% return on equity
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.
Earnings Per Share
As for profitability, Cognex Corporation has a trailing twelve months EPS of $0.45.
PE Ratio
Cognex Corporation has a trailing twelve months price to earnings ratio of 89.73. Meaning, the purchaser of the share is investing $89.73 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 5.25%.
Yearly Top and Bottom Value
Cognex Corporation’s stock is valued at $40.38 at 20:22 EST, way below its 52-week high of $53.13 and way higher than its 52-week low of $34.28.
Moving Average
Cognex Corporation’s value is under its 50-day moving average of $44.69 and below its 200-day moving average of $41.69.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 18.8% and 45.5%, respectively.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 15, 2024, the estimated forward annual dividend rate is 0.3 and the estimated forward annual dividend yield is 0.75%.
3. First Industrial Realty Trust (FR)
9.8% sales growth and 11.15% return on equity
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
Earnings Per Share
As for profitability, First Industrial Realty Trust has a trailing twelve months EPS of $2.13.
PE Ratio
First Industrial Realty Trust has a trailing twelve months price to earnings ratio of 26.48. Meaning, the purchaser of the share is investing $26.48 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 11.15%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 33.3% and a negative 46.3%, respectively.
Moving Average
First Industrial Realty Trust’s worth is higher than its 50-day moving average of $51.30 and way above its 200-day moving average of $50.36.
4. USA Compression Partners, LP (USAC)
9.6% sales growth and 47.01% return on equity
USA Compression Partners, LP provides natural gas compression services in the United States. It offers compression services to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil. The company focuses on providing natural gas compression services to infrastructure applications, including centralized natural gas gathering systems and processing facilities, as well as gas lift applications for crude oil wells. As of December 31, 2023, it had 3,775,660 horsepower in its fleet. USA Compression Partners, LP was founded in 1998 and is headquartered in Austin, Texas.
Earnings Per Share
As for profitability, USA Compression Partners, LP has a trailing twelve months EPS of $0.52.
PE Ratio
USA Compression Partners, LP has a trailing twelve months price to earnings ratio of 42.19. Meaning, the purchaser of the share is investing $42.19 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 47.01%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jul 22, 2024, the estimated forward annual dividend rate is 2.1 and the estimated forward annual dividend yield is 9.57%.
Sales Growth
USA Compression Partners, LP’s sales growth is 11% for the ongoing quarter and 9.6% for the next.
Volume
Today’s last reported volume for USA Compression Partners, LP is 352634 which is 19.71% below its average volume of 439211.
5. Reinsurance Group of America (RGA)
8.8% sales growth and 9.76% return on equity
Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions. It also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, the company develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. It operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1973 and is headquartered in Chesterfield, Missouri.
Earnings Per Share
As for profitability, Reinsurance Group of America has a trailing twelve months EPS of $12.85.
PE Ratio
Reinsurance Group of America has a trailing twelve months price to earnings ratio of 16.48. Meaning, the purchaser of the share is investing $16.48 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 9.76%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 13, 2024, the estimated forward annual dividend rate is 3.56 and the estimated forward annual dividend yield is 1.68%.
Yearly Top and Bottom Value
Reinsurance Group of America’s stock is valued at $211.74 at 20:22 EST, under its 52-week high of $227.87 and way above its 52-week low of $135.57.
Previous days news about Reinsurance Group of America(RGA)
- According to Zacks on Thursday, 29 August, "Shares of Reinsurance Group of America (RGA Quick QuoteRGA – Free Report) closed at $218.29 on Wednesday, near its 52-week high of $227.87, after having gained 34.9% year to date. "
