(VIANEWS) – Provident Financial Services (PFS), Artisan Partners Asset Management (APAM), California Water Service Group (CWT) 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. Provident Financial Services (PFS)
52.2% sales growth and 7.19% return on equity
Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.
Earnings Per Share
As for profitability, Provident Financial Services has a trailing twelve months EPS of $1.6.
PE Ratio
Provident Financial Services has a trailing twelve months price to earnings ratio of 9.08. Meaning, the purchaser of the share is investing $9.08 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 7.19%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Apr 26, 2024, the estimated forward annual dividend rate is 0.96 and the estimated forward annual dividend yield is 6.6%.
Yearly Top and Bottom Value
Provident Financial Services’s stock is valued at $14.53 at 11:22 EST, way below its 52-week high of $19.62 and way higher than its 52-week low of $13.07.
Revenue Growth
Year-on-year quarterly revenue growth declined by 8.2%, now sitting on 441.2M for the twelve trailing months.
2. Artisan Partners Asset Management (APAM)
13.7% sales growth and 61.66% return on equity
Artisan Partners Asset Management Inc. is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.
Earnings Per Share
As for profitability, Artisan Partners Asset Management has a trailing twelve months EPS of $3.31.
PE Ratio
Artisan Partners Asset Management has a trailing twelve months price to earnings ratio of 12.15. Meaning, the purchaser of the share is investing $12.15 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 61.66%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on May 16, 2024, the estimated forward annual dividend rate is 2.44 and the estimated forward annual dividend yield is 5.91%.
3. California Water Service Group (CWT)
13.5% sales growth and 10.34% return on equity
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. It also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, the company offers wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, California Water Service Group has a trailing twelve months EPS of $2.52.
PE Ratio
California Water Service Group has a trailing twelve months price to earnings ratio of 19.18. Meaning, the purchaser of the share is investing $19.18 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%.
Moving Average
California Water Service Group’s worth is under its 50-day moving average of $49.48 and below its 200-day moving average of $48.59.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 147.1% and 86.7%, respectively.
Yearly Top and Bottom Value
California Water Service Group’s stock is valued at $48.34 at 11:22 EST, way below its 52-week high of $54.85 and way above its 52-week low of $43.50.
Revenue Growth
Year-on-year quarterly revenue growth grew by 106.5%, now sitting on 934.28M for the twelve trailing months.
Previous days news about California Water Service Group(CWT)
- According to Zacks on Wednesday, 10 July, "Other water utilities like Essential Utilities (WTRG Quick QuoteWTRG – Free Report) , California Water Service Group (CWT Quick QuoteCWT – Free Report) and Middlesex Water (MSEX Quick QuoteMSEX – Free Report) have well-chalked-out capital investment plans to strengthen infrastructure."
4. Booz Allen Hamilton Holding Corporation (BAH)
12.9% sales growth and 59.42% return on equity
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations. It also provides analytics services, which focuses on delivering transformational solutions in the areas of artificial intelligence, such as machine learning, deep learning; data science, such as data engineering and predictive modeling; automation and decision analytics; and quantum computing. In addition, the company designs, develops, and implements solutions built on contemporary methodologies and modern architectures; delivers engineering services and solutions to define, develop, implement, sustain, and modernize complex physical systems; and provides cyber risk management solutions, such as prevention, detection, and cost effectiveness. Booz Allen Hamilton Holding Corporation was founded in 1914 and is headquartered in McLean, Virginia.
Earnings Per Share
As for profitability, Booz Allen Hamilton Holding Corporation has a trailing twelve months EPS of $4.59.
PE Ratio
Booz Allen Hamilton Holding Corporation has a trailing twelve months price to earnings ratio of 32.9. Meaning, the purchaser of the share is investing $32.9 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 59.42%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jun 13, 2024, the estimated forward annual dividend rate is 2.04 and the estimated forward annual dividend yield is 1.33%.
