(VIANEWS) – Westamerica Bancorporation (WABC), Churchill Downs (CHDN), Western Alliance Bancorporation (WAL) 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. Westamerica Bancorporation (WABC)
54.8% sales growth and 17.08% return on equity
Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as other loans primarily consisting of indirect automobile loans. Westamerica Bancorporation operates through 79 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1972 and is headquartered in San Rafael, California.
Earnings Per Share
As for profitability, Westamerica Bancorporation has a trailing twelve months EPS of $3.1.
PE Ratio
Westamerica Bancorporation has a trailing twelve months price to earnings ratio of 18.21. Meaning, the purchaser of the share is investing $18.21 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 17.08%.
2. Churchill Downs (CHDN)
45.1% sales growth and 101.25% return on equity
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Earnings Per Share
As for profitability, Churchill Downs has a trailing twelve months EPS of $12.48.
PE Ratio
Churchill Downs has a trailing twelve months price to earnings ratio of 20.11. Meaning, the purchaser of the share is investing $20.11 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 101.25%.
Volume
Today’s last reported volume for Churchill Downs is 136535 which is 26.39% below its average volume of 185503.
Sales Growth
Churchill Downs’s sales growth is 31% for the ongoing quarter and 45.1% for the next.
3. Western Alliance Bancorporation (WAL)
34.5% sales growth and 21.19% return on equity
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Earnings Per Share
As for profitability, Western Alliance Bancorporation has a trailing twelve months EPS of $6.12.
PE Ratio
Western Alliance Bancorporation has a trailing twelve months price to earnings ratio of 12.79. Meaning, the purchaser of the share is investing $12.79 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 21.19%.
4. Atlanticus Holdings Corporation (ATLC)
30% sales growth and 37.93% return on equity
Atlanticus Holdings Corporation provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, educational services, and home-improvements by partnering with retailers and service providers. In addition, it offers loan servicing, such as risk management and customer service outsourcing for third parties; and engages in testing and investment activities in consumer finance technology platforms. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here, and used car business. This segment also provides floor plan financing and installment lending products. Further, the company invests in and services portfolios of credit card receivables. Atlanticus Holdings Corporation was founded in 1996 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, Atlanticus Holdings Corporation has a trailing twelve months EPS of $6.85.
PE Ratio
Atlanticus Holdings Corporation has a trailing twelve months price to earnings ratio of 5.17. Meaning, the purchaser of the share is investing $5.17 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 37.93%.
5. Spirit Realty Capital (SRC)
16.9% sales growth and 5.57% return on equity
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.
Earnings Per Share
As for profitability, Spirit Realty Capital has a trailing twelve months EPS of $0.15.
PE Ratio
Spirit Realty Capital has a trailing twelve months price to earnings ratio of 290.07. Meaning, the purchaser of the share is investing $290.07 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 5.57%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 25% and 12.1%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.3%, now sitting on 651.93M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 28, 2022, the estimated forward annual dividend rate is 2.65 and the estimated forward annual dividend yield is 7.12%.
Volume
Today’s last reported volume for Spirit Realty Capital is 753643 which is 6.49% above its average volume of 707683.
6. Wabash National Corporation (WNC)
9.5% sales growth and 12.28% return on equity
Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products. This segment also offers stainless steel and aluminum tank trailers for the dairy, food and beverage, oil, gas, and chemical end markets; dry bulk trailers; and fiberglass reinforced poly tank trailers. The Parts & Services segment provides aftermarket parts and services; aluminum and steel flatbed bodies, shelving for package delivery, partitions, roof racks, hitches, liftgates, and thermal solutions; and door repair and replacement, collision repair, and basic maintenance services. This segment also offers stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and composite products, including truck bodies, overhead doors, and other industrial application products. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It distributes its products directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. The company was founded in 1985 and is headquartered in Lafayette, Indiana.
Earnings Per Share
As for profitability, Wabash National Corporation has a trailing twelve months EPS of $0.94.
PE Ratio
Wabash National Corporation has a trailing twelve months price to earnings ratio of 31.02. Meaning, the purchaser of the share is investing $31.02 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 12.28%.
Volume
Today’s last reported volume for Wabash National Corporation is 974711 which is 81.06% above its average volume of 538318.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jan 3, 2023, the estimated forward annual dividend rate is 0.32 and the estimated forward annual dividend yield is 1.22%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Wabash National Corporation’s EBITDA is 16.54.
