(VIANEWS) – Redwood Trust (RWT), Great Elm Capital Corp. (GECC), Apple (AAPL) 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. Redwood Trust (RWT)
56.8% sales growth and 3.07% return on equity
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Residential Investor Mortgage Banking segment operates a platform that originates business purpose loans to investors in single-family and multifamily residential properties and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential consumer and investor securitization activities, and business purpose lending bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company is elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.
Earnings Per Share
As for profitability, Redwood Trust has a trailing twelve months EPS of $0.18.
PE Ratio
Redwood Trust has a trailing twelve months price to earnings ratio of 41. Meaning, the purchaser of the share is investing $41 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 3.07%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 66.7% and 220%, respectively.
Volume
Today’s last reported volume for Redwood Trust is 694315 which is 23.33% below its average volume of 905665.
2. Great Elm Capital Corp. (GECC)
23.2% sales growth and 9.31% return on equity
Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.
Earnings Per Share
As for profitability, Great Elm Capital Corp. has a trailing twelve months EPS of $1.37.
PE Ratio
Great Elm Capital Corp. has a trailing twelve months price to earnings ratio of 7.69. Meaning, the purchaser of the share is investing $7.69 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 9.31%.
Moving Average
Great Elm Capital Corp.’s worth is higher than its 50-day moving average of $10.37 and above its 200-day moving average of $10.48.
Yearly Top and Bottom Value
Great Elm Capital Corp.’s stock is valued at $10.53 at 11:22 EST, way under its 52-week high of $11.82 and way higher than its 52-week low of $8.38.
3. Apple (AAPL)
15% sales growth and 160.58% return on equity
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
Earnings Per Share
As for profitability, Apple has a trailing twelve months EPS of $6.42.
PE Ratio
Apple has a trailing twelve months price to earnings ratio of 27.5. Meaning, the purchaser of the share is investing $27.5 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 160.58%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 12, 2024, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 0.45%.
Previous days news about Apple(AAPL)
- Apple gears up for glowtime event: etfs in focus. According to Zacks on Monday, 9 September, "They are also likely to get an improved Neural Engine, which is likely to be a big marketing strategy for Apple to show off its AI capabilities (read: Tech ETFs That Won Amid NVIDIA-Led Tech Rout).", "AirPods: Apple is expected to replace the AirPods 2 with an entry-level AirPods 4 variant, featuring a modern design and improved audio capabilities. "
- According to Zacks on Monday, 9 September, "Despite competition from tech giants, Spotify reportedly held 32% of the global streaming music market share in 2023, blowing away No. 2 Apple Music’s 15%, as well as YouTube’s 14% and Amazon’s 13%."
4. iRadimed Corporation (IRMD)
10.4% sales growth and 25.08% return on equity
IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. It offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; and MRI compatible patient vital signs monitoring system. The company also provides non-magnetic IV poles, wireless remote displays/controls, side car pump modules, dose error reduction systems, and SpO2 monitoring with sensors and accessories. It serves hospitals, acute care facilities, and outpatient imaging centers. The company sells its products through direct field sales representatives, regional sales directors, clinical support representatives, and independent distributors. IRADIMED CORPORATION was incorporated in 1992 and is headquartered in Winter Springs, Florida.
Earnings Per Share
As for profitability, iRadimed Corporation has a trailing twelve months EPS of $1.46.
PE Ratio
iRadimed Corporation has a trailing twelve months price to earnings ratio of 32.16. Meaning, the purchaser of the share is investing $32.16 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 25.08%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 11.2%, now sitting on 69.48M for the twelve trailing months.
Volume
Today’s last reported volume for iRadimed Corporation is 33513 which is 36.37% below its average volume of 52671.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 20, 2024, the estimated forward annual dividend rate is 0.6 and the estimated forward annual dividend yield is 1.28%.
5. Northwest Pipe Company (NWPX)
7.4% sales growth and 7.39% return on equity
Northwest Pipe Company, together with its subsidiaries, manufactures and supplies water related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, and other applications. In addition, this segment makes products for industrial plant piping systems and certain structural applications. The Precast segment provides precast and reinforced concrete products, including manholes, box culverts, vaults, catch basins, oil water separators, pump lift stations, biofiltration, and other environmental and engineered solutions. The company sells its water infrastructure products primarily to installation contractors. Northwest Pipe Company was incorporated in 1966 and is headquartered in Vancouver, Washington.
Earnings Per Share
As for profitability, Northwest Pipe Company has a trailing twelve months EPS of $2.5.
PE Ratio
Northwest Pipe Company has a trailing twelve months price to earnings ratio of 17.59. Meaning, the purchaser of the share is investing $17.59 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 7.39%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 46.6% and 33.3%, respectively.
Sales Growth
Northwest Pipe Company’s sales growth is 7.1% for the current quarter and 7.4% for the next.
6. Veeco Instruments (VECO)
5.2% sales growth and 12.51% return on equity
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, thin film magnetic heads, and other semiconductor devices. The company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
Earnings Per Share
As for profitability, Veeco Instruments has a trailing twelve months EPS of $1.53.
PE Ratio
Veeco Instruments has a trailing twelve months price to earnings ratio of 21.05. Meaning, the purchaser of the share is investing $21.05 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 12.51%.
Volume
Today’s last reported volume for Veeco Instruments is 812740 which is 3.66% below its average volume of 843646.
