(VIANEWS) - Churchill Downs (CHDN), Quidel (QDEL), Hope Bancorp (HOPE) 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. Churchill Downs (CHDN)
43.5% sales growth and 101.25% return on equity
Churchill Downs Incorporated is an American racing and online betting company. The company operates in three distinct segments, Churchill Downs Online Wagering and Gaming. The company operated, as of March 18, 2019, three pari-mutuel entertainment venues that featured historical racing machines (HRMs), in Kentucky, TwinSpires online betting platform, for horse racing and sports. It also owned seven retail sportsbooks. There was casino gaming available in eight states, with over 11,000 slots machines, video lottery terminals and 200 table games. The company also provides streaming video and replays of horse races and a variety of handicapping and racing information. It also hosts the Bloodstock Research Information Services platform, which contains horse racing statistics data. The company also manufactures and manages pari-mutuel betting systems for racetracks as well as off-track wagering facilities. It provides totalizator service. Churchill Downs Incorporated, which was founded in 1928, is located in Louisville Kentucky.
Earnings per Share
Churchill Downs' trailing 12 months profit per share was $12.48
PE Ratio
Churchill Downs' trailing 12 months earnings to price ratio is 16.67 The purchaser of the shares is therefore investing $16.67 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability and shareholder equity for a business, was 101.25%.Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Nov 30, 2022, the estimated forward annual dividend rate is 0.71 and the estimated forward annual dividend yield is 0.35%.
Growth Estimates Quarters
The company's growth estimates for the ongoing quarter is a negative 16.2% and positive 78% for the next.2. Quidel (QDEL)
20.9% sales growth and 31.79% return on equity
QuidelOrtho Corporation is a company that develops and produces diagnostic testing technology across a range of healthcare needs. It operates via Labs, Transfusion Medicine and Point-of-Care business units. Labs is a business unit that provides laboratory equipment and testing for clinical chemistry. These instruments measure the target chemicals present in body fluids and are used to evaluate health, and provide diagnostic services. Transfusion Medicine offers blood testing instruments for immunohematology and blood typing. These instruments are used to verify patient-donor compatibility for transfusions. Point-of-Care provides rapid results in a variety of settings. The Molecular Diagnostics unit provides polymerase chain reactions thermocyclers, analyzers, and amplification system. It sells products direct to the end user through its direct sales force and through a network distributors. The company's products are available for professional use at hospitals, clinics and reference labs, physician offices and universities. The company operates internationally, in North America and Europe as well as the Middle East, Africa, China and Middle East. It was established in 1979 in San Diego, California.
Earnings Per Share
As for profitability, Quidel has a trailing twelve months EPS of $18.6.
PE Ratio
Quidel has a trailing twelve months price to earnings ratio of 5.02. Meaning, the purchaser of the share is investing $5.02 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 31.79%.Sales Growth
Quidel sales growth was 41.2% in the current quarter, and 20.9% the following quarter.
Growth Estimates Quarters
For the current quarter, the company expects a decline of 86.2% in growth and an increase of 82.7% for the following quarter.3. Hope Bancorp (HOPE)
14.6% sales growth and 10.77% return on equity
Hope Bancorp, Inc. is the Bank of Hope's holding company. It provides small- and medium-sized business banking and individual services in the United States. It accepts individual and company checking and savings. The company offers commercial loans for businesses to finance a variety of purposes such as purchasing inventory, working capital, debt refinancing and business acquisitions. Real estate loans are also available. Small business administration loans and loans to consumers such as personal, single-family, or home equity loans. Trade finance services include the negotiation and issuance of letters of credit; documentary collection; warehouse credit for mortgage loan originators; commercial equipment leasing financing; and warehouse credit. It also offers cash management services such as remote deposit capture and lockbox and ACH origination; investment and wealth management; mobile banking; debit card services and safe deposit boxes; customary banking services; internet banking; and automated teller machines services. The company had 58 branches that provided full service in California, Washington and Texas as of January 26, 2021. There were also SBA loan production centers in Seattle, Denver and Dallas. In August 2016, the company, previously known as BBCN Bancorp, Inc., changed its name into Hope Bancorp, Inc. Hope Bancorp, Inc. is an American corporation that was founded in 2000. Its headquarters are located in Los Angeles, California.
Earnings Per Share
As for profitability, Hope Bancorp has a trailing twelve months EPS of $1.81.
PE Ratio
Hope Bancorp has a trailing twelve months price to earnings ratio of 7.39. Meaning, the purchaser of the share is investing $7.39 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 10.77%.Moving Average
Hope Bancorp is currently at $13.90 per day, which is well below the 200-day average of $14.97.Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Nov 1, 2022, the estimated forward annual dividend rate is 0.56 and the estimated forward annual dividend yield is 4.32%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.3%, now sitting on 610.7M for the twelve trailing months.
Annual Top and Bottom Value
Hope Bancorp stock was valued at $13.37 as of 05/28 EST. This is lower than its 52 week high of $17.68, and higher than its 52 week low of $12.48.
4. Valero Energy (VLO)
9.7% sales growth and 35.49% return on equity
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids. As of December 31, 2021, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day; and 12 ethanol plants with a combined ethanol production capacity of approximately 1.6 billion gallons per year. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
Earnings Per Share
As for profitability, Valero Energy has a trailing twelve months EPS of $-0.69.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 35.49%.5. RLI Corp. (RLI)
5.8% sales growth and 43.93% return on equity
RLI Corp. is an insurance holding company that underwrites casualty and property insurance both in the United States as well as internationally. The Casualty segment offers commercial and personal insurance products. It also has general liability products that cover third-party liabilities of commercial insureds. This includes manufacturers, contractors and apartments. The segment offers security guards coverages, as well as coverages in areas such onshore energy-related business and environmental liability for underground stock tanks, contractors, asbestos, and remediation specialists. Professional liability covers focuses on providing coverage for errors and omissions to smaller to medium-sized designers, technical, computer and other professionals. This segment also offers commercial automobile liability, physical damage, insurance for public transport entities and local truckers; incidental, related and insurance coverages; inland marine coverages; management coverages such as directors, officers, fiduciary, and fidelity insurances and coverages for various risk classes, including private and public businesses, healthcare liability, and home-based insurance products. Its Property segment provides insurance for commercial property, cargo and hull as well as protection, indemnity and marine liability. The Surety section offers bonds for individuals and businesses, bonds for contractors of small and medium size, commercial surety bond for large businesses, and bonds for energy and petrochemical industries. It also offers reinsurance protections. The company markets its products via independent agents, underwriting, broker offices and branch offices. RLI Corp. was established in 1965. It is located in Peoria in Illinois.
Earnings Per Share
As for profitability, RLI Corp. has a trailing twelve months EPS of $12.69.
PE Ratio
RLI Corp. has a trailing twelve months price to earnings ratio of 10.05. Meaning, the purchaser of the share is investing $10.05 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 43.93%.Dividend Yield
Morningstar, Inc. estimates that the next dividend payment will be on Aug 29th 2022. The forward annual dividend rate for the year is 1.04, and the forward annual dividend yield of 0.78%.