(VIANEWS) – NVIDIA (NVDA), Erie Indemnity Company (ERIE), Global Self Storage (SELF) 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. NVIDIA (NVDA)
223.7% sales growth and 69.17% return on equity
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
Earnings Per Share
As for profitability, NVIDIA has a trailing twelve months EPS of $7.59.
PE Ratio
NVIDIA has a trailing twelve months price to earnings ratio of 64.54. Meaning, the purchaser of the share is investing $64.54 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 69.17%.
Moving Average
NVIDIA’s value is above its 50-day moving average of $462.84 and way above its 200-day moving average of $400.80.
Revenue Growth
Year-on-year quarterly revenue growth grew by 205.5%, now sitting on 44.87B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 410.2% and 380.6%, respectively.
Previous days news about NVIDIA(NVDA)
- The zacks analyst blog highlights NVIDIA, Intel, crowdstrike, meta platforms and Shopify. According to Zacks on Friday, 22 December, "Stocks recently featured in the blog include: NVIDIA Corp. (NVDA Quick QuoteNVDA – Free Report) , Intel Corp. (INTC Quick QuoteINTC – Free Report) , CrowdStrike Holdings, Inc. (CRWD Quick QuoteCRWD – Free Report) , Meta Platforms, Inc. (META Quick QuoteMETA – Free Report) and Shopify Inc. (SHOP Quick QuoteSHOP – Free Report) ."
- According to Zacks on Friday, 22 December, "If you are not familiar with this group, we are talking about Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), NVIDIA (NVDA), Meta (META), Tesla (TSLA) and Amazon (AMZN).2023 was the year of the Mag Seven, with gains ranging from about +50% to +240%."
2. Erie Indemnity Company (ERIE)
11% sales growth and 26.99% return on equity
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
Earnings Per Share
As for profitability, Erie Indemnity Company has a trailing twelve months EPS of $7.65.
PE Ratio
Erie Indemnity Company has a trailing twelve months price to earnings ratio of 40. Meaning, the purchaser of the share is investing $40 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 26.99%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 61.6% and 38.8%, respectively.
Sales Growth
Erie Indemnity Company’s sales growth is 10.3% for the present quarter and 11% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Erie Indemnity Company’s EBITDA is 4.98.
3. Global Self Storage (SELF)
10.7% sales growth and 4.73% return on equity
Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. Through its wholly owned subsidiaries, the company owns and/or manages 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.
Earnings Per Share
As for profitability, Global Self Storage has a trailing twelve months EPS of $0.2.
PE Ratio
Global Self Storage has a trailing twelve months price to earnings ratio of 23.2. Meaning, the purchaser of the share is investing $23.2 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 4.73%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 0.1%, now sitting on 12.27M for the twelve trailing months.
Yearly Top and Bottom Value
Global Self Storage’s stock is valued at $4.64 at 09:22 EST, way under its 52-week high of $5.74 and above its 52-week low of $4.33.
4. Assurant (AIZ)
8% sales growth and 12.3% return on equity
Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed. The Global Lifestyle segment provides mobile device protection products and services, and extended service contracts for consumer electronics and appliances, as well as assistance services; vehicle protection and related services; and credit and other insurance services. The Global Housing segment offers lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other specialty products. The Global Preneed segment provides pre-funded funeral insurance, final need insurance, and related services. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, Assurant has a trailing twelve months EPS of $9.81.
PE Ratio
Assurant has a trailing twelve months price to earnings ratio of 16.82. Meaning, the purchaser of the share is investing $16.82 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 12.3%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Nov 23, 2023, the estimated forward annual dividend rate is 2.88 and the estimated forward annual dividend yield is 1.76%.
Yearly Top and Bottom Value
Assurant’s stock is valued at $165.04 at 09:22 EST, below its 52-week high of $172.95 and way higher than its 52-week low of $104.49.
Sales Growth
Assurant’s sales growth is 5.7% for the ongoing quarter and 8% for the next.
5. Grand Canyon Education (LOPE)
6.9% sales growth and 31.45% return on equity
Grand Canyon Education, Inc. provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience counseling services. It also offers marketing and communication services, such as lead acquisition, digital communications strategy, brand identity, media planning and strategy, video, and data science and analysis services; and back office services comprising finance and accounting, human resources, audit, procurement services. The company, through its subsidiary, Orbis Education Services, LLC, supports healthcare education programs for 22 universities. Grand Canyon Education, Inc. was founded in 1949 and is based in Phoenix, Arizona.
Earnings Per Share
As for profitability, Grand Canyon Education has a trailing twelve months EPS of $6.36.
PE Ratio
Grand Canyon Education has a trailing twelve months price to earnings ratio of 22.12. Meaning, the purchaser of the share is investing $22.12 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 31.45%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Grand Canyon Education’s EBITDA is 4.42.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.3%, now sitting on 941.32M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 15.3% and 11%, respectively.
6. STERIS (STE)
5.3% sales growth and 9.17% return on equity
STERIS plc provides infection prevention products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services. It also provides capital equipment installation, maintenance, upgradation, repair, and troubleshooting services; preventive maintenance programs and repair services; instrument and endoscope repair and maintenance services; and custom process improvement consulting and outsourced instrument sterile processing services. The Applied Sterilization Technologies segment provides contract sterilization and testing services for medical device and pharmaceutical manufacturers through a network of approximately 50 contract sterilization and laboratory facilities. The Life Sciences segment designs, manufactures and sells consumable products, such as formulated cleaning chemistries, barrier, sterility assurance products, steam and vaporized hydrogen peroxide sterilizers, and washer disinfectors. This segment also offers equipment installation, maintenance, upgradation, repair, and troubleshooting services; and preventive maintenance programs and repair services. The Dental segment provides hand and electric-powered dental instruments, infection control products, conscious sedation, personal protective equipment, and water quality products for dental suite. The company serves its products and services to hospitals, other healthcare providers, and pharmaceutical manufacturers. The company was founded in 1985 and is based in Dublin, Ireland.
Earnings Per Share
As for profitability, STERIS has a trailing twelve months EPS of $5.53.
PE Ratio
STERIS has a trailing twelve months price to earnings ratio of 39.77. Meaning, the purchaser of the share is investing $39.77 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 9.17%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 11.8%, now sitting on 5.23B for the twelve trailing months.
