(VIANEWS) – REACH SUBSEA (REACH.OL), NORBIT (NORBT.OL), ABN AMRO BANK N.V. (ABN.AS) 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. REACH SUBSEA (REACH.OL)
71.2% sales growth and 18.34% return on equity
Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post- lay survey, as well as vessel, remotely operated vehicles, personnel, survey, and on demand engineering. It also provides asset integrity/pipeline inspection, and engineering and project management services; reach remote services comprising survey, inspection, and IMR and seabed intervention; seabed survey services consisting of site surveys and geohazard investigation, pipeline inspection, seabed mapping, UXO, general, and route surveys; offshore cable; marine construction; and rig and mooring services. In addition, the company offers geophysical monitoring services, which include 4D gravity, seafloor subsidence monitoring, depth watch for seismic nodes, injection integrity monitoring, well drilling, and real time seismic monitoring services; and environmental monitoring services that comprise earthquake monitoring and prediction, C02 storage, and geothermal energy exploitation. It serves oil and gas, renewables, and utilities sectors. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was incorporated in 1909 and is headquartered in Haugesund, Norway.
Earnings Per Share
As for profitability, REACH SUBSEA has a trailing twelve months EPS of kr0.58.
PE Ratio
REACH SUBSEA has a trailing twelve months price to earnings ratio of 7.12. Meaning, the purchaser of the share is investing kr7.12 for every norwegian krone 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 18.34%.
Moving Average
REACH SUBSEA’s worth is below its 50-day moving average of kr4.28 and under its 200-day moving average of kr4.16.
Sales Growth
REACH SUBSEA’s sales growth is 12.6% for the present quarter and 71.2% for the next.
More news about REACH SUBSEA.
2. NORBIT (NORBT.OL)
22% sales growth and 24.78% return on equity
Norbit ASA provides technology products and solutions. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, bathymetry systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging systems for obstacle avoidance/MCM, and above water laser products under the NORBIT WINGHEAD, NORBIT WBMS, NORBIT NORdredge, and NORBIT FLS names; customized cable assemblies, electromechanical box builds, and operational solutions; SeaCOP, a sensor integration platform and user interface common operational picture for emergency response; SECurus provides thermal and daylight stabilized camera solutions; SeaView, which offers thermal and daylight, pan, tilt, and zoom for environmental monitoring, and security and general surveillance; and SeaDarQ, a radar processing solution. It also provides sensing solutions for detecting threats at sea plus waterside security above and below the surface; FCL600, an underwater light solution for aquaculture industry; iData, which offers vehicle monitoring, telematics services, and fleet management for asset and vehicle management; and dedicated short-range communication technology for traffic system and vehicle application. In addition, the company offers research and development services, and contract manufacturing to industrial customers; and sells products based on proprietary technology, including special instrumentation n based on radar, radio frequency, and embedded signal processing technology. The company was founded in 1995 and is headquartered in Trondheim, Norway.
Earnings Per Share
As for profitability, NORBIT has a trailing twelve months EPS of kr2.51.
PE Ratio
NORBIT has a trailing twelve months price to earnings ratio of 23.43. Meaning, the purchaser of the share is investing kr23.43 for every norwegian krone 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 24.78%.
Moving Average
NORBIT’s worth is way higher than its 50-day moving average of kr45.78 and way above its 200-day moving average of kr33.72.
Yearly Top and Bottom Value
NORBIT’s stock is valued at kr58.80 at 17:20 EST, under its 52-week high of kr59.40 and way higher than its 52-week low of kr22.90.
Sales Growth
NORBIT’s sales growth is 17.3% for the current quarter and 22% for the next.
More news about NORBIT.
3. ABN AMRO BANK N.V. (ABN.AS)
19.6% sales growth and 9.3% return on equity
ABN AMRO Bank N.V. provides various banking products and services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; labelled residential mortgage products under the Florius brands; and consumer loans under the Alpha Credit Nederland, Credivance, Defam, Moneyou, and ABN AMRO brands. It also issues, promotes, manages, and processes credit cards; provides revolving credit card facilities and pension schemes, as well as consumer credit and mortgages; and life and non-life insurance products. In addition, it offers asset-based solutions, including working capital solutions, equipment leases and loans, and vendor lease services; private banking and wealth-management-related services; and derivatives and equity clearing services. ABN AMRO Bank N.V. was incorporated in 2009 and is headquartered in Amsterdam, the Netherlands.
Earnings Per Share
As for profitability, ABN AMRO BANK N.V. has a trailing twelve months EPS of €2.15.
PE Ratio
ABN AMRO BANK N.V. has a trailing twelve months price to earnings ratio of 6.58. Meaning, the purchaser of the share is investing €6.58 for every euro 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 9.3%.
Moving Average
ABN AMRO BANK N.V.’s value is under its 50-day moving average of €14.44 and above its 200-day moving average of €13.09.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Apr 21, 2023, the estimated forward annual dividend rate is 1.6 and the estimated forward annual dividend yield is 11.54%.
More news about ABN AMRO BANK N.V..
4. VOSS VEKSEL OGLAND (VVL.OL)
16% sales growth and 9.14% 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 kr25.67.
PE Ratio
VOSS VEKSEL OGLAND has a trailing twelve months price to earnings ratio of 9.12. Meaning, the purchaser of the share is investing kr9.12 for every norwegian krone 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 9.14%.
Volume
Today’s last reported volume for VOSS VEKSEL OGLAND is 360 which is 18.91% below its average volume of 444.
More news about VOSS VEKSEL OGLAND.
