The TSX stocks on our list have generated noteworthy net income growth during the past three years
SmallCapPower | January 28, 2019: The TSX stocks we have discovered today have remained resilient, even in these volatile market conditions. All three have record significant earnings growth over the past three years.
*Share prices as at close January 24, 2019*
Tricon Capital Group Inc. (TSX:TCN) – $10.07
Asset Management Company
Tricon Capital Group is an investment and asset management company that focuses on the residential real estate markets in North America. The Company owns and manages investments in land and homebuilding assets, multi-family development, single-family rental homes, and manufactured housing community projects. With about US$5.6 billion in assets under management, Tricon’s objective is to invest for capital appreciation and investment income through its principal investment business and earn fee income through advisory businesses and private funds. On December 28, the Company announced that a dividend of $0.07 a share will be paid on January 15.
- Market Cap: $1.46 Billion
- 3-Year Net Income Growth: +217.6%
- 1-Week Total Return: +0.2%
- 1-Month Total Return: +4.9%
Morneau Shepell Inc. (TSX:MSI) – $27.01
Human Resource and Employment Services
Morneau Shepell is a human resources consulting and technology company in Canada, the United States and internationally. The Company strives to provide health and productivity, retirement, and administrative solutions to employers managing the financial security, health, and productivity of employees. Offering health and benefit services, the Company also provides administrative outsourcing services as well as retirement and pension services. On January 19, the Company declared a cash dividend of $0.065 per share for the month of January.
- Market Cap: $1.73 Billion
- 3-Year Net Income Growth: +42.7%
- 1-Week Total Return: -0.04%
- 1-Month Total Return: +10.5%
Aritzia Inc. (TSX:ATZ) – $16.79
Apparel, Accessories and Luxury Goods
Aritzia engages in the design and retail of accessories and women’s apparel. The Company sells its products under the Aritzia banner and operates 90 retail stores across Canada and the United States. On January 9, the Company released its fiscal Q3 2019 results, reporting a 16% EPS increase and an 18.8% increase in revenue.
- Market Cap: $1.95 Billion
- 3-Year Net Income Growth: +360%
- 1-Week Total Return: +1.9%
- 1-Month Total Return: +1.3%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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