Finance

Flexible Solutions, Gibraltar Industries, Herc Holdings, 360 Finance and CBIZ

2 weeks ago

For Immediate Release

Chicago, IL – September 3, 2020 – Stocks in this week’s article are Flexible Solutions International Inc. FSI, Gibraltar Industries Inc. ROCK, Herc Holdings, Inc. HRI, 360 Finance Inc. QFIN and CBIZ, Inc. CBZ.

5 Top-Rated Stocks With Impressive Net Profit Margins

Net profit, also referred to as the bottom line, is one of the key tools that determines the financial health of an enterprise. The metric demonstrates a company’s ability to convert per dollar sales into profits.

A low-profit margin indicates higher risks, implying that a revenue drop might dampen profits, pushing the company in the red (net loss).

Net Profit Margin = Net profit/Sales * 100.

In simple terms, net profit is the amount a company retains after deducting all costs, interest, depreciation, taxes and other expenses. In fact, net profit margin can turn out to be a potent point of reference to gauge the

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U.S. Stock Market Looks Overvalued to Corporate Finance Chiefs

3 weeks ago

(Bloomberg) — Corporate finance chiefs say something looks off with the U.S. stock market.

About 84% of chief financial officers said equities are too expensive in a quarterly survey conducted by Deloitte LLP — the second-highest level in the decade since the accounting and consulting firm began collecting the data. Only 2% of respondents said U.S. stocks look cheap.

That may not come as a surprise with the S&P 500 trading at all-time highs, up 55% from March lows, but the data provide further insight into the views of corporate management, particularly the finance departments responsible for capital expenditures. At 27 times earnings, the S&P 500’s price-earnings ratio is hovering near the highest level since the early 2000s.

Deloitte collected responses from 155 CFOs across North America, most of whom work at companies with more than $1 billion in annual revenue. The survey spanned Aug. 3 to Aug. 7. Since

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Westpac sells vendor finance business to focus on core banking

4 weeks ago

(Reuters) – Australia’s Westpac Banking Corp on Friday agreed to sell its vendor finance business to a U.S. private equity firm, as part of its strategy to focus on core banking operations and trim its portfolio of underperforming businesses.

The unit, which supports third parties to fund small-scale equipment finance loans, would be sold to Angle Finance, a portfolio company of Cerberus Capital Management, Westpac said.

Westpac did not specify the deal value, but said it expects a small accounting loss on the sale and negligible impact on the bank’s balance sheet and capital ratios.

The deal will result in the transfer of about A$500 million ($359.80 million) worth of Westpac’s customer loans, and is expected to be completed by the end of April 2021.

In May, the Australian bank kicked off a review of its underperforming divisions including wealth platforms, superannuation and retirement products, insurance and auto finance businesses.

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