3 Stocks With Fast-Growing Earnings
Investors looking for growth opportunities may want to have a look at the following stocks, as they have a price-earnings ratio below 20 and their trailing 12-month earnings per share have grown.
Boston Scientific
The first stock to have a look at is Boston Scientific Corp. (NYSE:BSX).
The Marlborough, Massachusetts-based global manufacturer and marketer of medical devices saw its trailing 12-month earnings per diluted share grow by 137.5% over the past year to $3.04 as of the quarter ended March 30, 2020, up from $1.28 in the prior-year quarter. The price-earnings ratio stands at 11.26 as of April 30.
Following a 17% drop so far this year, the stock price traded at $37.48 per share on Thursday for a market capitalization of $52.44 billion and a 52-week range of $24.10 to $46.62.
Boston Scientific does not pay dividends.
GuruFocus assigned a moderate rating of 4 out of 10 for the company's financial strength and a positive rating of 6 out of 10 for its profitability.
Wall Street sell-side analysts recommend a buy rating with an average target share price of $43.61 for this stock.
Trip.com Group
The second stock to have a look at is Trip.com Group Ltd. (NASDAQ:TCOM).
The Chinese operator of a travel service provider saw its trailing 12-month diluted EPS grow by nearly 470% over the past year to $1.65 as of the quarter ended Dec. 30, 2019, up from 29 cents as of the prior-year quarter. The price-earnings ratio is 15.6 as of April 30.
After a 23.2% decline so far this year, the stock price was trading at $25.76 per share on Thursday for a market capitalization of $15.28 billion and a 52-week range of $20.10 to $44.99.
The company is not distributing dividends.
GuruFocus assigned a moderate rating of 5 out of 10 for the company's financial strength and a very positive rating of 7 out of 10 for its profitability.
Wall Street sell-side analysts recommend an overweight rating with an average target share price of 204.54 Chinese Yuan ($28.94) for this stock.
Power Integrations
The third stock to have a look at is Power Integrations Inc. (NASDAQ:POWI).
The San Jose, California-based global semiconductors company saw its trailing 12-month earnings per diluted share grow nearly 180% over the past year to $6.49 as of the quarter ended Dec. 30, 2019, up from $2.32 as of the prior-year quarter. The price-earnings ratio stands at 15.81 as of April 30.
Following a 3.5% increase so far this year, the stock price traded at a price of $102.35 per share on Thursday for a market capitalization of $3.04 billion, a 52-week range of $64.95 to $111.56 and a dividend yield of 0.7%.
The company currently pays a quarterly cash dividend of 19 cents per common share.
GuruFocus assigned the highest rating of 10 out of 10 for the company's financial strength and a very high rating of 8 out of 10 for its profitability.
As of May, analysts recommended two strong buys, one buy and one hold rating for shares of this stock. The average target price is $97.20 per share.
Disclosure: I have no position in any securities mentioned in this article.
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This article first appeared on GuruFocus.
