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3 Stocks Growing Earnings Fast

Their 5-year earnings growth rates are much better than that of the S&P 500

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Alberto Abaterusso
Aug 12, 2021

Summary

  • The S&P 500 saw its trailing 12-month real earnings per share increase by nearly 6% on average every year over the past 5 years
  • Hubbell Inc, SeaSpine Holdings Corp and Mackinac Financial Corp have outperformed the benchmark index for the US market
  • Wall Street also likes these names
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The S&P 500 saw its trailing 12-month real earnings per share increase by a compound annual growth rate of nearly 6% over the past five years. The index's share price ($4,447.70 as of Wednesday) has grown by approximately 103.5% over the past five years.

Thus, investors may want to consider Hubbell Inc (

HUBB, Financial), SeaSpine Holdings Corp (SPNE, Financial)and Mackinac Financial Corp (MFNC, Financial), since these companies have performed much better than the S&P 500 in terms of a higher five-year annual earnings per share growth rate over the years in question.

Hubbell Inc (

HUBB, Financial)

The Shelton, Connecticut-based manufacturer of electrical and electronic products in the U.S. and internationally saw its trailing 12-month earnings per share (diluted) jump by 8.6% on average every year over the past five years.

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The share price has increased by 89.74% over the past five years to trade at $203.72 at close on Wednesday for a market capitalization of $11.08 billion, a 52-week range of $131.09 to $203.86 and a price-earnings ratio of 30.87.

Vanguard Group Inc is the leader in the group of top fund holders with 10.17% of shares outstanding. The investing firm is followed by BlackRock Inc. with 8.97% of shares outstanding and American Century Companies Inc with 5.38% of shares outstanding.

On Wall Street, the stock has a median recommendation rating of overweight with an average target price of $209.67 per share.

SeaSpine Holdings Corp (

SPNE, Financial)

The Carlsbad, California-based provider of surgical solutions for the treatment of spinal disorders in the United States and internationally saw its trailing 12-month earnings per share (diluted) improve significantly over the past five years as it increased by 19.9% per annum.

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The stock market welcomed the achievement, as the share price ($15.50 at close on Wednesday) gained 47.20% over the last five years, determining a market capitalization of $564.18 million. The 52-week range is $12.07 to $22.97. Despite the improvement, the EPS has not entered positive territory yet.

First Light Asset Management, LLC leads the group of top fund holders with 16.36% of shares outstanding. The asset management firm is followed by BlackRock Inc. with 5.83% of shares outstanding and DRIEHAUS CAPITAL MANAGEMENT LLC with 3.99% of shares outstanding.

On Wall Street, the stock has a median recommendation rating of buy with an average target price of $28.03 per share.

Mackinac Financial Corp (

MFNC, Financial)

The Manistique, Michigan-based regional provider of banking products and services to commercial and retail clients in Michigan saw its trailing 12-month earnings per share grow by 10.9% on average every year over the past five years.

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The share price has gained nearly 86% over the past five years to trade at $21.07 at close on Wednesday for a market capitalization of $220.30 million, a 52-week range of $9.03 to $22.19 and a price-earnings ratio of 16.08.

EJF Capital LLC and Manufacturers Life Insurance Company are among the top fund holders of the company, with 4.98% and 4.84% of shares outstanding, respectively.

On Wall Street, the stock has one recommendation rating of hold with a target price of $22 per share.

Disclosure: I have no positions in any security mentioned.

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I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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