Five Companies Hit 52-Week Highs
According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.
NVIDIA Corp. (NASDAQ:NVDA) reached the 52-week high of $210.89
Nvidia is a leading designer of graphics chips that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems.
The price of NVIDIA Corp. shares has reached $210.89, which is 1.7% off the 52-week high of $214.55. Nvidia Corp. has a market cap of $129.06 billion; its shares were traded around $210.89 with a price-earnings ratio of 53.94 and a price-sales ratio of 13.01. The trailing 12-month dividend yield of Nvidia Corp. stocks is 0.30%. The forward dividend yield of Nvidia Corp. stocks is 0.30%. Nvidia Corp. had an annual average earnings growth of 36.50% over the past 10 years. GuruFocus rated Nvidia Corp. the business predictability rank of 3-star.
NVIDIA recently reported revenue for the third quarter ended Oct. 27, 2019, of $3.01 billion compared with $3.18 billion a year earlier and $2.58 billion in the previous quarter.
GAAP earnings per diluted share for the quarter were $1.45, compared with $1.97 a year ago and $0.90 in the previous quarter. Non-GAAP earnings per diluted share were $1.78, compared with $1.84 a year earlier and $1.24 in the previous quarter.
Director A. Brooke Seawell sold 20,000 shares of Nvidia stock on November 18, 2019, at the price of $212.75 per share. The price of the stock has decreased by 0.87% since.
FMC Corp. (NYSE:FMC) reached the 52-week high of $97.23
FMC is a crop chemical company that also produces lithium derivatives. The company has diversified its sales to create a geographically balanced crop chemicals portfolio. Through acquisitions, FMC is now a large player in the crop chemicals industry. Although lithium accounts for less than a fourth of profits, FMC's lithium business is one of the largest producers by capacity.
The price of FMC Corp. shares has reached $97.23, which is 1.9% off the 52-week high of $99.05. FMC Corp. has a market cap of $12.6 billion; its shares were traded around $97.23 with a price-earnings ratio of 25.12 and a price-sales ratio of 2.61. The trailing 12-month dividend yield of Fmc Corp. stocks is 1.65%. The forward dividend yield of Fmc Corp. stocks is 1.63%.
FMC Corporation recently reported third-quarter 2019 revenue of approximately $1.0 billion, an increase of 10 percent versus recast third quarter 2018. Excluding the impact of foreign currencies, organic sales grew 12 percent year over year. On a GAAP basis, the company reported earnings of $0.69 per diluted share in the third quarter. This compares to recast GAAP earnings of $0.54 per diluted share in the third quarter of 2018. Third-quarter adjusted earnings were $0.94 per diluted share, an increase of 32 percent versus recast third quarter 2018.
Chief Executive Officer and Chairman Pierre R. Brondeau sold 24,738 shares of FMC stock on November 1, 2019, at the average price of $93.45. The price of the stock has increased by 4.04% since.
Brown & Brown Inc. (NYSE:BRO) reached the 52-week high of $37.85
Brown & Brown is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.
The price of Brown & Brown Inc. shares has reached $37.85, which is 1.3% off the 52-week high of $38.34. Brown & Brown Inc. has a market cap of $10.66 billion; its shares were traded around $37.85 with a price-earnings ratio of 27.04 and a price-sales ratio of 4.49. The trailing 12-month dividend yield of Brown & Brown Inc. stocks is 0.86%. The forward dividend yield of Brown & Brown Inc. stocks is 0.90%. Brown & Brown Inc. had an annual average earnings growth of 7.30% over the past 10 years. GuruFocus rated Brown & Brown Inc. the business predictability rank of 3-star.
Brown & Brown, Inc. recently announced its unaudited financial results for the third quarter of 2019. Revenues for the third quarter of 2019 under U.S. generally accepted accounting principles were $618.7 million, increasing $87.8 million, or 16.5%, compared to the third quarter of the prior year, with commissions and fees increasing by 16.5% and Organic Revenue increasing by 3.4%. Net income was $115.6 million, increasing $9.5 million, or 9.0%, and diluted net income per share was $0.41, increasing by 7.9%, each as compared to the third quarter of the prior year. Adjusted diluted net income per share increased to $0.39, or 2.6%, compared to the third quarter of the prior year.
MGM Resorts International (NYSE:MGM) reached the 52-week high of $31.94
MGM Resorts is the largest resort operator on the Las Vegas Strip with 48,000 guest rooms and suites, representing about one-third of all units in the market. The company's Vegas properties include Bellagio, MGM Grand, Mandalay Bay, Mirage, Luxor, New York-New York, and a 50% ownership stake in CityCenter. Strip revenue constitutes approximately 50% of total revenue in 2017. We estimate MGM will open a resort in Japan in 2024. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018.
The price of MGM Resorts International shares has reached $31.94, which is 0.7% off the 52-week high of $32.17. MGM Resorts International has a market cap of $16.45 billion; its shares were traded around $31.94 with and a price-sales ratio of 1.33. The trailing 12-month dividend yield of MGM Resorts International stocks is 1.59%. The forward dividend yield of MGM Resorts International stocks is 1.64%. MGM Resorts International had an annual average earnings growth of 9.30% over the past 5 years.
MGM Resorts International recently reported financial results for the quarter that ended September 30, 2019. Consolidated net revenues increased 9% compared to the prior-year quarter to $3.3 billion. Consolidated operating income decreased 42% compared to the prior-year quarter to $238 million. Diluted loss per share of $0.08 in the current quarter compared to diluted earnings per share of $0.26 in the prior-year quarter. Adjusted diluted earnings per share were $0.31 in the current quarter compared to Adjusted EPS of $0.23 in the prior-year quarter.
Director Keith A. Meister bought 295,000 shares of MGM Resorts International stock on November 15, 2019, at the price of $31.21 per share. The price of the stock has increased by 2.34% since.
McKesson Corp. (NYSE:MCK) reached the 52-week high of $152.61
McKesson is one of three major distributors of pharmaceuticals in the U.S. The firm also has significant specialty drug and medical product wholesaling operations. The firm plays a critical role along the pharmaceutical supply chain as it is able to procure and distribute drugs more efficiently than its pharmacy client and pharma manufacturing suppliers.
The price of McKesson Corp. shares has reached $152.61, which is 1.4% off the 52-week high of $154.79. Mckesson Corp. has a market cap of $27.5 billion; its shares were traded around $152.61 with and a price-sales ratio of 0.13. The trailing 12-month dividend yield of Mckesson Corp. stocks is 1.03%. The forward dividend yield of Mckesson Corp. stocks is 1.08%. Mckesson Corp. had an annual average earnings growth of 7.10% over the past 10 years.
McKesson Corporation recently reported results for the second quarter ended September 30, 2019. Revenues were $46.0 billion, up 10%, driven primarily by branded pharmaceutical price increases and increased specialty pharmaceutical volume from the company's largest retail national account customer. Operating profit was $639 million and operating margin was 1.39%. Adjusted operating profit was $641 million, up 1%, due to continued growth in the specialty businesses, partially offset by customer and product mix. Adjusted operating margin was 1.39%, down 14 basis points.
Jack Henry & Associates Inc. (JKHY) reached the 52-week high of $149.45
Jack Henry & Associates is one of the leading providers of core processing systems to domestic banks and credit unions. The company also provides ancillary products, such as Internet banking, check imaging, and remote deposit capture. Jack Henry serves about 1,200 banks and 800 credit unions.
The price of Jack Henry & Associates Inc. shares has reached $149.45, which is 1.7% off the 52-week high of $152.05. Jack Henry & Associates Inc. has a market cap of $11.5 billion; its shares were traded around $149.45 with a price-earnings ratio of 41.51 and a price-sales ratio of 7.22. The trailing 12-month dividend yield of Jack Henry & Associates Inc. stocks is 1.05%. The forward dividend yield of Jack Henry & Associates Inc. stocks is 1.07%. Jack Henry & Associates Inc. had an annual average earnings growth of 10.20% over the past 10 years. GuruFocus rated Jack Henry & Associates Inc. the business predictability rank of 4.5-star.
Jack Henry & Associates, Inc. recently announced results for the first quarter of fiscal 2020. Revenue for the quarter ended September 30, 2019, increased to $438.0 million, a 12% improvement over the first quarter of fiscal 2019. Operating income increased 14% to $118.2 million and net income increased 7% to $89.4 million, or $1.16 per diluted share, compared to the first quarter of fiscal 2019.
Vice President Ronald L. Moses sold 1,800 shares of Jack Henry & Associates stock on November 6, 2019, at the price of $146.60 per share. The price of the stock has increased by 1.94% since.
Note: I do not own the stocks discussed.
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This article first appeared on GuruFocus.
