Zacks PEG Ratio Strategy Highlights: American Equity Investment Life Holding, Double Eagle Petroleum, Safe Bulkers and VASCO Data Security International.
Here are details about four companies currently identified by the PEG Ratio Profit Track:
American Equity Investment Life Holding Co. (NYSE: AEL) is a Zacks #1 Rank that earned it's place on the PEG Ratio profit track with an average broker recommendation of 2.40 and a PEG ratio .41. AEL reported year-over-year third quarter earnings of 42 cents per share, compared to 28 cents. Analysts were expecting the company to report 34 cents per share. AEL is a full service underwriter of a broad line of annuity and insurance products.
Double Eagle Petroleum Co. (NSDAQ: DBLE) reported third-quarter earnings per share of 22 cents, marking a 10% surprise. A year earlier, the company had a loss of 40 cents. DBLE places on the PEG ratio profit track with a Zacks #2 Rank and an average broker recommendation of 2. DBLE explores for, develops, produces and sells crude oil and natural gas.
Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, has an average broker recommendation of 1.67 and a PEG ratio of .39. In the third quarter, SB delivered a 7.46% surprise with net earnings of 72 cents per share. In addition, the company is currently enjoying a Zacks #2 Rank and a per share price of $5.26.
VASCO Data Security International Inc. (NSDAQ: VDSI) enjoys a Zacks #1 Rank and a PEG ratio of .53, making this undervalued stock a great pick for the PEG ratio profit track. In the third quarter, VDSI reported earnings of 24 cents per share, compared to only 15 cents in the previous year. Analysts were expecting 16 cents. In addition to that, the company sports an average broker recommendation of 2.43 and a 12-month trailing PE of 14.09. VDSI develops security products and services, which manage and secure access to computer systems of corporate and government customers.
Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868
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|Date:||Dec 16, 2008|
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