Business Services Industry
Zacks Return On Equity Strategy highlights: AGCO, Steinway Musical Instruments, Standard Parking and PepsiAmericas
Business Wire, Sept 8, 2008
CHICAGO -- One of the quickest ways to gauge whether a company is creating assets or gobbling up investor's cash is to look at their Return on Equity (ROE). The fast moving ROE Profit Track screening strategy from Zacks.com has generated an impressive return of +21.4% in 2005. In 2006, it continued to outperform the S&P 500, returning 27.0% versus the S&P 500 rise of 16.7%. Four stocks meeting this screen's exclusive criteria are: AGCO Corp. (NYSE: AG), Steinway Musical Instruments Inc. (NYSE: LVB), Standard Parking Corp. (NASDAQ: STAN) and PepsiAmericas Inc. (NYSE: PAS). View the entire list of stocks for the ROE Profit Track at http://at.zacks.com/?id=1853
Here are details about four companies currently identified by the ROE Profit Track:
AGCO Corp. (NYSE: AG) earned its place on this profit track with an impressive price/sales ratio of .62 and a ROE of 16.48%. In addition, the Zacks #1 Rank company enjoys an average broker recommendation of 2.50. AG's year-over-year second quarter earnings increased to $1.34 per share from 67 cents, while analysts expected earnings of 96 cents. AG is engaged in the manufacture and distribution of farm equipment, machinery and replacement parts in the United States and Canada.
Steinway Musical Instruments Inc. (NYSE: LVB), the leading producer of glass tableware in the U.S. and Canada, has an average broker recommendation of 1 and a ROE of 10.22%. Additionally, the Zacks #1 Rank company has a low price/sales ratio of .60, which suggests that it is a good value. In the second quarter, LVB reported earnings per share of 47 cents, compared to 36 cents last year. Analysts were expecting 31 cents.
Standard Parking Corp. (NASDAQ: STAN), a national leader in parking management services, delivered second-quarter earnings of 29 cents per share, which exceeded expectations of 26 cents. The Zacks #1 Rank company meets this screen's parameters with an average broker recommendation of 2.00 and a ROE of 49.56%. STAN also sports a price/sales ratio of .58.
PepsiAmericas Inc. (NYSE: PAS) makes, sells and delivers a broad portfolio of Pepsi-Cola core brands, Cadbury beverages and other national and regional brands. PAS reported year-over-year second-quarter net earnings of 72 cents per share, exceeding the analysts' expectations of 62 cents. The Zacks #1 Rank company qualifies for this profit track with a price/sales ratio of .62 and a ROE of 12.56%. Moreover, PAS sports an average broker recommendation of 2.25.
Discover all the current stocks currently on the ROE Profit Track at:
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 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=4567.
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=4565
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
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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