(VIANEWS) – AMSC (AMSC.OL), SPAREBANKEN ØST (SPOG.OL), VOSS VEKSEL OGLAND (VVL.OL) 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. AMSC (AMSC.OL)
1395% sales growth and 8.21% return on equity
AMSC ASA, through its subsidiaries, invests in maritime assets and companies in the United States. It operates one international subsea construction vessel. The company was formerly known as American Shipping Company ASA and changed its name to AMSC ASA in October 2022. AMSC ASA was incorporated in 2005 and is headquartered in Lysaker, Norway.
Earnings Per Share
As for profitability, AMSC has a trailing twelve months EPS of kr-0.71.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.21%.
More news about AMSC.
2. SPAREBANKEN ØST (SPOG.OL)
18.6% sales growth and 10.59% return on equity
Sparebanken Øst operates as a savings bank in Eastern Norway. The company offers financial products, such as savings, credit, and payment products; current accounts; home mortgage loans; and mortgage loans for new and used cars. It also provides vehicles, houses and contents, boats, and leisure insurance products, as well as life and health insurance products; and shares and funds trading services. In addition, the company buys, sells, and stores cryptocurrencies, as well as operates, manages, leases, and sells real estate properties. The company was founded in 1843 and is headquartered in Drammen, Norway.
Earnings Per Share
As for profitability, SPAREBANKEN ØST has a trailing twelve months EPS of kr7.52.
PE Ratio
SPAREBANKEN ØST has a trailing twelve months price to earnings ratio of 7.38. Meaning, the purchaser of the share is investing kr7.38 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.59%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 30.2%, now sitting on 975M for the twelve trailing months.
Volume
Today’s last reported volume for SPAREBANKEN ØST is 3349 which is 80.09% below its average volume of 16824.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 22, 2024, the estimated forward annual dividend rate is 5.4 and the estimated forward annual dividend yield is 9.75%.
Sales Growth
SPAREBANKEN ØST’s sales growth is 17.4% for the ongoing quarter and 18.6% for the next.
More news about SPAREBANKEN ØST.
3. VOSS VEKSEL OGLAND (VVL.OL)
17.5% sales growth and 10.95% return on equity
Voss Veksel- og Landmandsbank ASA provides banking products and services to private individuals and companies in Norway. The company offers saving accounts; car and other vehicle, home, small, and construction loans; overdrafts facilities; leasing services; bank guarantees; bank and payment cards; insurance products; and online and mobile banking services. The company was founded in 1843 and is based in Voss, Norway.
Earnings Per Share
As for profitability, VOSS VEKSEL OGLAND has a trailing twelve months EPS of kr36.47.
PE Ratio
VOSS VEKSEL OGLAND has a trailing twelve months price to earnings ratio of 7.13. Meaning, the purchaser of the share is investing kr7.13 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.95%.
Yearly Top and Bottom Value
VOSS VEKSEL OGLAND’s stock is valued at kr260.00 at 12:20 EST, below its 52-week high of kr268.00 and way above its 52-week low of kr210.00.
Sales Growth
VOSS VEKSEL OGLAND’s sales growth is 5% for the present quarter and 17.5% for the next.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 46.9% and 48.5%, respectively.
More news about VOSS VEKSEL OGLAND.
4. SPBK1 RINGERIKE (RING.OL)
17.2% sales growth and 10.18% return on equity
SpareBank 1 Ringerike Hadeland, a regional savings bank, provides various banking products and services to private and corporate customers in Norway. The company accepts various deposits, including savings, current, deposit, and currency accounts. It also provides business, vehicle, and construction loans; financing services, such as agricultural operating credit, factoring, overdraft, and leasing; bank guarantees; insurance products, including business, personal, and agricultural insurance products; pension products; and savings and investment products. In addition, the company offers debit and credit cards, as well as mobile and online banking services. Further, it provides real estate brokerage services; and accounting, payroll, and counselling services. The company offers its services through its digital platforms and customer centers. SpareBank 1 Ringerike Hadeland was founded in 1833 and is headquartered in Hønefoss, Norway.
Earnings Per Share
As for profitability, SPBK1 RINGERIKE has a trailing twelve months EPS of kr30.25.
PE Ratio
SPBK1 RINGERIKE has a trailing twelve months price to earnings ratio of 9.75. Meaning, the purchaser of the share is investing kr9.75 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.18%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 21, 2024, the estimated forward annual dividend rate is 20 and the estimated forward annual dividend yield is 6.69%.
More news about SPBK1 RINGERIKE.
5. KONGSBERG GRUPPEN (KOG.OL)
15.1% sales growth and 25.08% return on equity
Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels. This segment also provides winches for mooring, anchor handling, and special systems for offshore vessels, tugs, marine vessels, and various other classes of vessel, as well as cranes; hydroacoustics; autonomous underwater vessels and solutions for autonomous maritime vessels; and products related to fisheries, systems for underwater mapping, and sensors and solutions for specialist vessels. The Kongsberg Defence & Aerospace segment offers various systems and services to the defense industry. It provides air defense and combat systems, sonars, and navigation for marine vessels and submarines, as well as integrated command and control systems; remote tower solutions for airports; remote control weapon stations for land-based vehicles and marine vessels; products for military tactical communication; naval strike and air-to-surface missiles; and lightweight composite and titanium components for F-35 combat aircraft. This segment also offers components and services to the space industry, as well as port monitoring systems; and maintenance, repair, and overhaul services. The Other segment focuses on digitalization within the oil and gas, wind, and merchant marine markets. It operates primarily in Norway, Europe, North America, South America, Asia, Australia, and South Africa. Kongsberg Gruppen ASA was founded in 1814 and is headquartered in Kongsberg, Norway.
Earnings Per Share
As for profitability, KONGSBERG GRUPPEN has a trailing twelve months EPS of kr23.26.
PE Ratio
KONGSBERG GRUPPEN has a trailing twelve months price to earnings ratio of 39.1. Meaning, the purchaser of the share is investing kr39.1 for every norwegian krone of annual earnings.
Return on Equity
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 26%, now sitting on 42.98B for the twelve trailing months.
More news about KONGSBERG GRUPPEN.
