Business Services Industry
Zacks' Low Price Stocks Strategy Highlights: Cantel Medical Corp., Horace Mann Educators Corporation, JLG Industries, Inc. and Premium Standard Farms, Inc
Business Wire, July 31, 2006
CHICAGO -- Looking for stocks priced below $20? How about companies with discount valuations and a track record of a positive trend in earnings estimates revisions? The Low Price Stocks Profit Track Strategy identifies such stocks. This screen generated a 51.9% return in 2005. Four stocks meeting this screen's exclusive criteria are Cantel Medical Corp. (NYSE:CMN), Horace Mann Educators Corporation (NYSE:HMN), JLG Industries, Inc. (NYSE:JLG) and Premium Standard Farms, Inc. (NASDAQ:PORK). View the entire list of stocks for the Low Price Stocks Profit Track at http://at.zacks.com/?id=2140.
Here are details about four companies currently identified by the Low Price Stocks Profit Track:
Cantel Medical Corp. (NYSE:CMN) posted profits of 28 cents per share for the fiscal third quarter ended Apr 30, 2006. With analysts calling for 25 cents, CMN surprised to the upside by 12.0%. Earnings in the prior-year period amounted to 23 cents per share. Revenues soared 29%. Cantel Medical Corp., a provider of infection prevention and control products to the healthcare market, earned $1.06 per share during the past 12 months and it sports a price-to-sales ratio of 0.91.
Horace Mann Educators Corporation (NYSE:HMN), an insurance holding company, experienced earnings of $1.47 per share over the past 12 months and has a price-to-sales ratio of 0.83. The company is scheduled to release its second-quarter results on Aug 2 after the market closes. In early May, HMN exceeded analysts' earnings expectations by a penny when it posted profits of 46 cents per share. The company reported that all segments of the business met or exceeded its expectations for the quarter.
JLG Industries, Inc. (NYSE:JLG), a maker of aerial work platforms for industrial use, meets the criteria for this Profit Track with a price-to-sales ratio of 0.87 and earnings per share profitability of $1.24 over the past 12 months. On May 24, 2006, the company produced a 6.1% positive earnings surprise for the fiscal third quarter, with revenues jumping 25% to $629.6 million. Furthermore, JLG raised its 2006 earnings guidance to between $1.25 and $1.30 per share, compared to its prior outlook between $1.18 and $1.23 per share.
Premium Standard Farms, Inc. (NASDAQ:PORK), a provider of pork products for the retail, wholesale, foodservice, and export markets, offers a price-to-sales ratio of 0.59. The company has earned $2.00 per share during the past 12 months. PORK is expected to release its financial results for the first quarter of fiscal 2007 before the market opens on Aug 3. In late May, PORK reported fourth-quarter fiscal 2006 earnings per share of 24 cents, topping the Street's estimate by an impressive 26.3%. The company is a Zacks #1 Rank stock (Strong Buy).
Discover all the current stocks currently on the Low Price Stocks Profit Track at: http://at.zacks.com/?id=2141.
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull Run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2005, the Low Price Stocks strategy was the top performing Profit Track with a return of 51.9% followed by the Recent Price Strength screen with a 35.5% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841
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