(VIANEWS) – RenaissanceRe Hold (RNR), Universal Display Corporation (OLED), BlackRock TCP Capital Corp. (TCPC) 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. RenaissanceRe Hold (RNR)
35.3% sales growth and 28.49% return on equity
RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. It distributes products and services primarily through intermediaries. The company invests in and manages funds. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
Earnings Per Share
As for profitability, RenaissanceRe Hold has a trailing twelve months EPS of $52.28.
PE Ratio
RenaissanceRe Hold has a trailing twelve months price to earnings ratio of 4.13. Meaning, the purchaser of the share is investing $4.13 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 28.49%.
Yearly Top and Bottom Value
RenaissanceRe Hold’s stock is valued at $215.78 at 16:22 EST, below its 52-week high of $239.42 and way higher than its 52-week low of $174.22.
2. Universal Display Corporation (OLED)
19.5% sales growth and 14.91% return on equity
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.
Earnings Per Share
As for profitability, Universal Display Corporation has a trailing twelve months EPS of $4.24.
PE Ratio
Universal Display Corporation has a trailing twelve months price to earnings ratio of 37.83. Meaning, the purchaser of the share is investing $37.83 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 14.91%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 14, 2024, the estimated forward annual dividend rate is 1.6 and the estimated forward annual dividend yield is 0.97%.
3. BlackRock TCP Capital Corp. (TCPC)
11% sales growth and 5.36% return on equity
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million. It prefers to make equity investments in companies for an ownership stake.
Earnings Per Share
As for profitability, BlackRock TCP Capital Corp. has a trailing twelve months EPS of $0.67.
PE Ratio
BlackRock TCP Capital Corp. has a trailing twelve months price to earnings ratio of 15.06. Meaning, the purchaser of the share is investing $15.06 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 5.36%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 8.9%, now sitting on 209.33M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is 2.3% and a drop 10.4% for the next.
4. Manhattan Associates (MANH)
10.4% sales growth and 91.08% return on equity
Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store. The company also provides inventory optimization, planning, and allocation solutions; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers comprehensive program that provides on-premises software licensees with software upgrades for additional or improved functionality and technological advances incorporating emerging supply chain and industry advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. Further, the company offers products through direct sales personnel, as well as through partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, Manhattan Associates has a trailing twelve months EPS of $3.05.
PE Ratio
Manhattan Associates has a trailing twelve months price to earnings ratio of 68.31. Meaning, the purchaser of the share is investing $68.31 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 91.08%.
Sales Growth
Manhattan Associates’s sales growth is 10.8% for the ongoing quarter and 10.4% for the next.
Moving Average
Manhattan Associates’s value is way below its 50-day moving average of $243.59 and under its 200-day moving average of $217.16.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is 9.1% and a drop 5.7% for the next.
Previous days news about Manhattan Associates(MANH)
- According to Zacks on Friday, 26 April, "Some other top-ranked stocks in the broader technology space are Badger Meter (BMI Quick QuoteBMI – Free Report) , Blackbaud (BLKB Quick QuoteBLKB – Free Report) and Manhattan Associates (MANH Quick QuoteMANH – Free Report) . "
5. Hawaiian Electric Industries (HE)
7.8% sales growth and 8.63% return on equity
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.
Earnings Per Share
As for profitability, Hawaiian Electric Industries has a trailing twelve months EPS of $1.81.
PE Ratio
Hawaiian Electric Industries has a trailing twelve months price to earnings ratio of 5.98. Meaning, the purchaser of the share is investing $5.98 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 8.63%.
6. FleetCor Technologies (FLT)
7.7% sales growth and 33.72% return on equity
FLEETCOR Technologies, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. It operates through Vehicle Payments, Corporate Payments, Lodging Payments, and Other segments. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services; as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. FLEETCOR Technologies, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, FleetCor Technologies has a trailing twelve months EPS of $13.21.
PE Ratio
FleetCor Technologies has a trailing twelve months price to earnings ratio of 22.96. Meaning, the purchaser of the share is investing $22.96 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 33.72%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 7.9% and 13.6%, respectively.
Sales Growth
FleetCor Technologies’s sales growth is 4% for the current quarter and 7.7% for the next.
Moving Average
FleetCor Technologies’s worth is higher than its 50-day moving average of $282.51 and way above its 200-day moving average of $259.19.
7. Monolithic Power Systems (MPWR)
7.5% sales growth and 22.99% return on equity
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. It offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in computers and notebooks, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, value-added resellers, directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers. It serves China, Taiwan, South Korea, Europe, Japan, Southeast Asia, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.
Earnings Per Share
As for profitability, Monolithic Power Systems has a trailing twelve months EPS of $8.76.
PE Ratio
Monolithic Power Systems has a trailing twelve months price to earnings ratio of 75.14. Meaning, the purchaser of the share is investing $75.14 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 22.99%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 27, 2024, the estimated forward annual dividend rate is 5 and the estimated forward annual dividend yield is 0.74%.
Yearly Top and Bottom Value
Monolithic Power Systems’s stock is valued at $658.23 at 16:22 EST, way under its 52-week high of $778.15 and way above its 52-week low of $383.19.
Moving Average
Monolithic Power Systems’s worth is below its 50-day moving average of $683.93 and way higher than its 200-day moving average of $575.56.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 11.3% and positive 2.5% for the next.
