(VIANEWS) – ServiceNow (NOW), New Mountain Finance Corporation (NMFC), Amalgamated Bank (AMAL) 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. ServiceNow (NOW)
22% sales growth and 8.34% return on equity
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. It also provides information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; strategic portfolio management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT asset management; and security operations that connects with internal and third party. In addition, the company offers integrated risk management product to manage risk and resilience; environmental, social and governance management product; human resources, legal, and workplace service delivery products; safe workplace suite products; customer service management product; and field service management applications. Further, it provides App Engine product; Automation Engine enables application to extend workflows; platform privacy and security product; procurement operations management suite; and professional and customer support services. The company serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.
Earnings Per Share
As for profitability, ServiceNow has a trailing twelve months EPS of $2.04.
PE Ratio
ServiceNow has a trailing twelve months price to earnings ratio of 222.13. Meaning, the purchaser of the share is investing $222.13 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 8.34%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
ServiceNow’s EBITDA is 11.69.
Revenue Growth
Year-on-year quarterly revenue growth grew by 21.7%, now sitting on 7.62B for the twelve trailing months.
Sales Growth
ServiceNow’s sales growth is 21.4% for the current quarter and 22% for the next.
Previous days news about ServiceNow(NOW)
- According to Zacks on Tuesday, 9 May, "Some top-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META Quick QuoteMETA – Free Report) , Momo (MOMO Quick QuoteMOMO – Free Report) and ServiceNow (NOW Quick QuoteNOW – Free Report) . ", "While Meta Platforms and Momo sport a Zacks Rank #1 (Strong Buy), ServiceNow carries a Zacks Rank #2 (Buy) at present. "
- Wall street analysts think ServiceNow (now) is a good investment: is it?. According to Zacks on Tuesday, 9 May, "Check price target & stock forecast for ServiceNow here>>>While the ABR calls for buying ServiceNow, it may not be wise to make an investment decision solely based on this information. ", "Therefore, the Buy-equivalent ABR for ServiceNow may serve as a useful guide for investors."
- According to Zacks on Wednesday, 10 May, "Some top-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META Quick QuoteMETA – Free Report) , Momo (MOMO Quick QuoteMOMO – Free Report) and ServiceNow (NOW Quick QuoteNOW – Free Report) . ", "While Meta Platforms and Momo sport a Zacks Rank #1 (Strong Buy), ServiceNow carries a Zacks Rank #2 (Buy) at present. "
- According to Zacks on Thursday, 11 May, "Some top-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META Quick QuoteMETA – Free Report) , Momo (MOMO Quick QuoteMOMO – Free Report) and ServiceNow (NOW Quick QuoteNOW – Free Report) . ", "While Meta Platforms and Momo sport a Zacks Rank #1 (Strong Buy), ServiceNow carries a Zacks Rank #2 (Buy) at present. "
- According to Zacks on Thursday, 11 May, "Some better-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META Quick QuoteMETA – Free Report) , Momo (MOMO Quick QuoteMOMO – Free Report) and ServiceNow (NOW Quick QuoteNOW – Free Report) . ", "Meta Platforms and Momo sport a Zacks Rank #1 (Strong Buy), and ServiceNow carries a Zacks Rank #2 (Buy) at present. "
2. New Mountain Finance Corporation (NMFC)
20.4% sales growth and 5.58% return on equity
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States. It typically invests between $10 million and $50 million. Within middle market it seeks to invest in companies having EBITDA between $20 million and $200 million. It prefers to invest in equity interests, such as preferred stock, common stock, warrants, or options received in connection with its debt investments and directly in the equity of private companies. The fund makes investments through both primary originations and open-market secondary purchases. It invests primarily in debt securities that are rated below investment grade and have contractual unlevered returns of 10% to 15%. The firm may also invest in distressed debt and related opportunities and prefers to invest in targets having private equity sponsorship. It seeks to hold its investments between five years and ten years. The fund prefer to have majority stake in companies.
Earnings Per Share
As for profitability, New Mountain Finance Corporation has a trailing twelve months EPS of $0.74.
PE Ratio
New Mountain Finance Corporation has a trailing twelve months price to earnings ratio of 15.61. Meaning, the purchaser of the share is investing $15.61 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 5.58%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 20% and 12.5%, respectively.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 15, 2023, the estimated forward annual dividend rate is 1.28 and the estimated forward annual dividend yield is 10.94%.
3. Amalgamated Bank (AMAL)
13.1% sales growth and 15.19% return on equity
Amalgamated Financial Corp. operates as a bank holding company for Amalgamated Bank that provides commercial banking and trust services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; and retail loans, such as residential real estate, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit, prepaid, and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. It serves advocacy-based non-profits, social welfare organizations, labor unions, political organizations, foundations, sustainability-focused, socially responsible businesses, and other for-profit companies, as well as their members and stakeholders. The company operates a network of six branches in New York City, Washington D.C., San Francisco, and Boston; and a digital banking and mobile platform. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, Amalgamated Bank has a trailing twelve months EPS of $2.61.
PE Ratio
Amalgamated Bank has a trailing twelve months price to earnings ratio of 6.66. Meaning, the purchaser of the share is investing $6.66 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 15.19%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 54.3% and 10.8%, respectively.
Sales Growth
Amalgamated Bank’s sales growth is 28% for the present quarter and 13.1% for the next.
4. Silicom Ltd (SILC)
12.5% sales growth and 11.46% return on equity
Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server-based systems, and communications devices in the United States, North America, Israel, Europe, and the Asia Pacific. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards. The company also provides virtualized and universal customer-premises equipment; edge devices for SD-WAN and NFV deployments; and distributed units for the 5G mobile infrastructure market. It serves original equipment manufacturing, cloud, telco, mobile, and related service provider customers. The company was incorporated in 1987 and is headquartered in Kfar Sava, Israel.
Earnings Per Share
As for profitability, Silicom Ltd has a trailing twelve months EPS of $2.84.
PE Ratio
Silicom Ltd has a trailing twelve months price to earnings ratio of 12.06. Meaning, the purchaser of the share is investing $12.06 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 11.46%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Silicom Ltd’s EBITDA is 1.41.
5. Reinsurance Group of America (RGA)
10.7% sales growth and 7.27% 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 serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Reinsurance Group of America, Incorporated 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 $9.07.
PE Ratio
Reinsurance Group of America has a trailing twelve months price to earnings ratio of 14.91. Meaning, the purchaser of the share is investing $14.91 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 7.27%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 0.4%, now sitting on 16.26B for the twelve trailing months.
Volume
Today’s last reported volume for Reinsurance Group of America is 896525 which is 103.14% above its average volume of 441320.
Sales Growth
Reinsurance Group of America’s sales growth is 6.8% for the ongoing quarter and 10.7% for the next.
