(VIANEWS) – SPAREBANKEN MØRE (MORG.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. SPAREBANKEN MØRE (MORG.OL)
34.3% sales growth and 10.71% return on equity
Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers in Norway. It operates through Retail and Real Estate Brokerage segments. The company offers services in the areas of financing, deposits and other forms of investments, payment transfers, financial advisory services, asset management, insurance, and real estate brokerage. Sparebanken Møre was founded in 1843 and is headquartered in Ålesund, Norway.
Earnings Per Share
As for profitability, SPAREBANKEN MØRE has a trailing twelve months EPS of kr15.52.
PE Ratio
SPAREBANKEN MØRE has a trailing twelve months price to earnings ratio of 4.83. Meaning, the purchaser of the share is investing kr4.83 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 10.71%.
Moving Average
SPAREBANKEN MØRE’s worth is under its 50-day moving average of kr76.66 and below its 200-day moving average of kr77.15.
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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 kr2.52.
PE Ratio
NORBIT has a trailing twelve months price to earnings ratio of 23.57. Meaning, the purchaser of the share is investing kr23.57 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%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on May 5, 2023, the estimated forward annual dividend rate is 0.7 and the estimated forward annual dividend yield is 1.22%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
NORBIT’s EBITDA is 2.8.
Sales Growth
NORBIT’s sales growth is 17.3% for the ongoing quarter and 22% for the next.
Volume
Today’s last reported volume for NORBIT is 28643 which is 40.13% below its average volume of 47843.
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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 €2.25.
PE Ratio
ABN AMRO BANK N.V. has a trailing twelve months price to earnings ratio of 6.28. Meaning, the purchaser of the share is investing €6.28 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%.
Yearly Top and Bottom Value
ABN AMRO BANK N.V.’s stock is valued at €14.12 at 22:20 EST, way under its 52-week high of €17.00 and way above its 52-week low of €8.69.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is 18% and a drop 30% for the next.
Moving Average
ABN AMRO BANK N.V.’s value is under its 50-day moving average of €14.38 and higher than its 200-day moving average of €13.17.
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 kr25.66.
PE Ratio
VOSS VEKSEL OGLAND has a trailing twelve months price to earnings ratio of 8.96. Meaning, the purchaser of the share is investing kr8.96 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%.
Yearly Top and Bottom Value
VOSS VEKSEL OGLAND’s stock is valued at kr230.00 at 22:20 EST, below its 52-week high of kr252.00 and way higher than its 52-week low of kr190.00.
Revenue Growth
Year-on-year quarterly revenue growth grew by 44.9%, now sitting on 141.48M for the twelve trailing months.
Sales Growth
VOSS VEKSEL OGLAND’s sales growth for the next quarter is 16%.
Volume
Today’s last reported volume for VOSS VEKSEL OGLAND is 594 which is 49.24% above its average volume of 398.
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