Relatively Low Forward Earnings Yield Detected in Shares of Healthcare Services in the Diversified Support Services Industry (HCSG, RBA, MINI, CTAS, CPRT)
Below are the three companies in the Diversified Support Services industry with the lowest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Healthcare Services ranks lowest with a forward earnings yield of 2.4%. Ritchie Bros Auctioneers is next with a forward earnings yield of 3.6%. Mobile Mini ranks third lowest with a forward earnings yield of 3.9%.
Cintas follows with a forward earnings yield of 4.1%, and Copart rounds out the bottom five with a forward earnings yield of 4.2%.
SmarTrend recommended that subscribers consider buying shares of Copart on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $35.79. Since that recommendation, shares of Copart have risen 21.1%. We continue to monitor Copart for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward earnings yield healthcare services ritchie bros auctioneers mobile mini Cintas copart