Profit Margins Will Determine Your Portfolio's Bottom Line - Screen of the Week
September 24 2013 - 3:20AM
Zacks
This week I want to focus on Sales Growth and Profit Margins.
While everybody understands sales, margins might bring up a few
question marks.
So let's start at the beginning: first and foremost, sales are
THE most important thing to a company. Everything else stems from
that. Without sales, there really wouldn't be anything else to
analyze. And Sales Growth numbers show you how that company is
growing.
However, just because sales are increasing doesn't always mean
that profits are increasing too. Sales at the expense of profits
does not work. So paying attention to Profit Margins is the next
thing we're going to want to look at.
Margin is simply a ratio and the calculation is:
Net Income divided by Sales
So if a company's margin is 15% for instance, that means its net
income is 15 cents for every $1 dollar of sales it makes.
But if a company's expenses are growing faster than their sales,
this will reduce their margins.
In general, a company with increasing margins is becoming more
profitable and is better managed, i.e., their costs are under
control.
So continue to look at their sales numbers. And of course, look
at their earnings too. But take a look at their profit margins as
well. Are they going up or down? In other words, are they making
more money on each dollar of sales they make, or less? This is
important stuff to know, and can make a huge difference in your
portfolio's bottom line.
Parameters for this week's screen:
- 12 Month Trailing Sales Growth (Current / 1 Quarter Ago)
greater than their relevant Industry median (Looking for the
top companies in their industries.)
- Current Net Margin greater than or equal to 5 Yr. Avg. Net
Margin (Steady to increasing Net Profits is what we're
after.)
- Current Net Margin greater than or equal to Net Margin from
1 Quarter Ago (If a company's profit margin fell last quarter,
there's a chance it might fall yet again. So we're excluding those
companies whose margins fell in the previous quarter.)
- Zacks Rank equal to 1 (Strong Buy)
(Only the top Zacks Ranked stocks can get thru.)
Here are 5 stocks that passed this screen this week:
RGR Sturm, Ruger & Co.
FLT FleetCor Technologies
DRQ Dril-Quip
FENG Phoenix New Media
BIN Progressive Waste Solutions
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Disclosure: Officers, directors and/or employees of Zacks
Investment Research may own or have sold short securities and/or
hold long and/or short positions in options that are mentioned in
this material. An affiliated investment advisory firm may own or
have sold short securities and/or hold long and/or short positions
in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and
strategies are available at:
http://www.zacks.com/performance.
PROGRESSV WASTE (BIN): Free Stock Analysis Report
DRIL-QUIP INC (DRQ): Free Stock Analysis Report
PHOENIX NEW MED (FENG): Free Stock Analysis Report
FLEETCOR TECH (FLT): Free Stock Analysis Report
STURM RUGER&CO (RGR): Free Stock Analysis Report
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