By - Team Kalkine Media
- Treehouse bought a controlling stake in the Missouri-based pasta brand Riviana Foods, Inc.
- Footwear company Crocs’ Q1 revenues were up 63.6% YoY to US$460.1 million.
- In Q3, Stitch Fix logged revenues of around US$535.6 million, up 44% YoY. It had around 4 million active customers during the period.
Although stock market investments are fraught with risks, mid-cap stocks are often considered for their financial stability and growth. These companies typically focus on a specific business and are well-known among investors.
Let’s explore here some mid-cap stocks in the market.
Treehouse Foods (NYSE: THS)
Treehouse is a food and beverage manufacturer based in Illinois. It has 40 production facilities across North America and Italy. Its market cap is around US$2.7 billion.
In Q1 of 2021, its net sales were around US$1,057.3 million, and net income was about US$0.4 million. Its meal segment saw sales of about US$4.9 million.
Treehouse bought a controlling stake in the Missouri-based pasta brand Riviana Foods, Inc. The transaction was completed in December 2020.
Radian Group (NYSE: RDN)
It offers insurance-related products and services. Radian also has a presence in the real estate and asset management sectors.
Radian Board increased the quarterly dividend from US$0.125 to US$0.14 per share on May 4, 2021.
It earned revenues of around US$25.8 million from the real estate sector and US$264.7 million from insurance premiums in Q1 of 2021. It also paid insurance claims of around US$10.5 million.
Radian has a market capitalization of US$4.417 billion.
Crocs (NASDAQ: CROX)
Crocs is a footwear company. Its Q1 revenues were around US$460.1 million, up 63.6% YoY. Crocs’ total liquidity was US$255.9 million as of March 31, 2021. It earned US$124.7 million from operations against US$20.8 million in the corresponding period last year.
Its market cap is approximately US$6.793 billion.
Aecom (NYSE: ACM)
It is an engineering company involved in the infrastructure, water, transportation, and energy sectors. Aecom’s Q2 revenue was US$796 million. It has a market cap of around US$9.443 billion.
Aecom had liquidity reserves of US$935 million as of March 31, 2021. In addition, Aecom's operating income increased by 28% over the previous year to around US$46 million.
The stock rose around 27% in the last six months.
Also Read: E-commerce Stocks To Watch This Year
Stitch Fix (NASDAQ: SFIX)
The company provides personal styling services online. It uses data science and human judgment for various services. Stitch Fix’s market cap is around US$6.9 billion. Its shop by category section has been drawing a significant number of customers. The segment has a variety of popular brands.
In Q3, Stitch Fix logged revenues of around US$535.6 million, up 44% YoY. It had around 4 million active customers during the period.
The stock rose around 30% in the last six months.
Plug Power (NASDAQ: PLUG)
The company makes hydrogen fuel cell. Plug Power expects to report over US$70 million in gross billings in Q1, an increase of more than 60% YoY. In addition, it collaborated with BAE Systems to supply heavy-duty equipment to bus manufacturers in North America.
The stock price increased by around 16% in the last six months.
Plug Power’s market capitalization is around US$18.93 billion.
Cabot Corporation (NYSE: CBT)
It supplies carbon products to various industries. Cabot’s market cap is around US$3.6 billion. The stock jumped over 52% in the last six months.
In Q2 of 2021, it had liquidity of around US$146 million. Capital expenditures during the period were around US$40 million. As a result, Cabot recorded a tax provision of US$34 million at a rate of 29%.
LendingTree (NASDAQ: TREE)
LendingTree provides various types of loans such as student loans, small business, auto and home and personal mortgages. It posted consolidated revenue of around US$272.8 million in Q1.
Revenue from its home segment grew by 62% YoY to US$128.1 million. In addition, LendingTree produced a segment profit of US$39.0 million, and it was up by 9% over the same period.
The consumer segment revenue increased by US$57.9 million and improved by 21%. The insurance segment revenue was approximately US$86.6 million, and it grew by 5%.
Kratos Defense & Security Solutions (NASDAQ: KTOS)-
The company develops security technology systems for various US government agencies and private customers. In Q1 of 2021, Kratos reported revenues of around US$194.2 million, net income of US$1.9 million, and operating income of US$4.9 million.
Its market cap is around US$3.315 billion. The stock was up 13% in the last six months. In addition, on June 3, 2021, it announced the appointment of the new board of director Deanna Lund.
Timken Company (NYSE: TKR)
It designs bearings and power transmission products. In Q1 of 2021, the sales were approximately US$1.03 billion, up 11% YoY. Timken supplies its products to different industries, including rail, automotive, energy, agriculture, and mining.
It has a market cap of around US$3.315 billion. The stock price increased by around 16% in the last six months. The EBITDA for the quarter was approximately US$79.6 million.