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The following is a list of companies hitting new highs. All of these companies have a track record of profitability, and analysts expect these trends to continue.

To compile the list, we started with a universe of stocks reaching new 52-week highs. We then narrowed down the list by only focusing on stocks that have seen EPS and sales growth above 10% over the last 5 years. In addition, we only focused on stocks with EPS growth rates projected above 10% over the next 5 years.

The market seems willing to push these quality names higher. Do you think most of the good news is already priced in?

All data sourced from Finviz.

click for expanded image

The list has been sorted by performance over the last year

1. Aruba Networks, Inc. (ARUN): Networking & Communication Devices Industry. Market cap of $2.24B. Sales have grown by 85.78% over the past 5 years, with EPS growing by 67.21% during the same time. EPS projected to grow by 20.% over the next 5 years. Short float at 17.42%, which implies a short ratio of 6.89 days. The stock has gained 203.82% over the last year.

2. VanceInfo Technologies Inc. (VIT): Information Technology Services Industry. Market cap of $1.49B. Sales have grown by 78.53% over the past 5 years, with EPS growing by 57.96% during the same time. EPS projected to grow by 27.59% over the next 5 years. Short float at 4.12%, which implies a short ratio of 2.56 days. The stock has gained 148.47% over the last year.

3. Fossil, Inc. (FOSL): Recreational Goods, Other Industry. Market cap of $4.04B. Sales have grown by 10.09% over the past 5 years, with EPS growing by 11.06% during the same time. EPS projected to grow by 17.% over the next 5 years. Short float at 3.67%, which implies a short ratio of 2.53 days. The stock has gained 122.28% over the last year.

4. BE Aerospace Inc. (BEAV): Aerospace/Defense Products & Services Industry. Market cap of $3.77B. Sales have grown by 21.44% over the past 5 years, with EPS growing by 10.06% during the same time. EPS projected to grow by 19.85% over the next 5 years. Short float at 1.96%, which implies a short ratio of 2.16 days. The stock has gained 105.52% over the last year.

5. NetApp, Inc. (NTAP): Data Storage Devices Industry. Market cap of $19.14B. Sales have grown by 19.73% over the past 5 years, with EPS growing by 13.82% during the same time. EPS projected to grow by 16.9% over the next 5 years. Short float at 6.13%, which implies a short ratio of 2.77 days. The stock has gained 94.2% over the last year.

6. Synchronoss Technologies, Inc. (SNCR): Application Software Industry. Market cap of $702.37M. Sales have grown by 36.49% over the past 5 years, with EPS growing by 13.82% during the same time. EPS projected to grow by 25.% over the next 5 years. Short float at 5.29%, which implies a short ratio of 9.22 days. The stock has gained 93.02% over the last year.

7. Stonemor Partners LP (STON): Personal Services Industry. Market cap of $442.41M. Sales have grown by 15.21% over the past 5 years, with EPS growing by 14.13% during the same time. EPS projected to grow by 13.% over the next 5 years. Short float at 0.49%, which implies a short ratio of 0.79 days. The stock has gained 79.35% over the last year.

8. Cavium Networks, Inc. (CAVM): Semiconductor Industry. Market cap of $1.48B. Sales have grown by 68.68% over the past 5 years, with EPS growing by 31.47% during the same time. EPS projected to grow by 20.22% over the next 5 years. Short float at 30.48%, which implies a short ratio of 9.28 days. The stock has gained 77.59% over the last year.

9. Acergy SA (ACGY): Oil & Gas Equipment & Services Industry. Market cap of $4.03B. Sales have grown by 14.97% over the past 5 years, with EPS growing by 35.67% during the same time. EPS projected to grow by 11.5% over the next 5 years. Short float at 0.09%, which implies a short ratio of 0.83 days. The stock has gained 77.03% over the last year.

10. Perrigo Co. (PRGO): Drug Related Products Industry. Market cap of $6.08B. Sales have grown by 17.24% over the past 5 years, with EPS growing by 37.79% during the same time. EPS projected to grow by 13.6% over the next 5 years. Short float at 6.2%, which implies a short ratio of 5.91 days. The stock has gained 74.94% over the last year.

11. ICICI Bank Ltd. (IBN): Foreign Regional Banks Industry. Market cap of $31.98B. Sales have grown by 24.2% over the past 5 years, with EPS growing by 28.27% during the same time. EPS projected to grow by 24.% over the next 5 years. Short float at 2.07%, which implies a short ratio of 2.2 days. The stock has gained 72.42% over the last year.

12. TransDigm Group Incorporated (TDG): Aerospace/Defense Products & Services Industry. Market cap of $3.34B. Sales have grown by 20.42% over the past 5 years, with EPS growing by 60.16% during the same time. EPS projected to grow by 12.% over the next 5 years. Short float at 3.26%, which implies a short ratio of 4.46 days. The stock has gained 71.07% over the last year.

13. Middleby Corp. (MIDD): Diversified Machinery Industry. Market cap of $1.42B. Sales have grown by 18.99% over the past 5 years, with EPS growing by 22.62% during the same time. EPS projected to grow by 20.% over the next 5 years. Short float at 11.15%, which implies a short ratio of 14.3 days. The stock has gained 70.81% over the last year.

14. InterDigital, Inc. (IDCC): Wireless Communications Industry. Market cap of $1.52B. Sales have grown by 23.46% over the past 5 years, with EPS growing by 34.71% during the same time. EPS projected to grow by 15.% over the next 5 years. Short float at 15.64%, which implies a short ratio of 15.09 days. The stock has gained 69.35% over the last year.

15. HEICO Corp. (HEI): Aerospace/Defense Products & Services Industry. Market cap of $1.7B. Sales have grown by 20.07% over the past 5 years, with EPS growing by 15.57% during the same time. EPS projected to grow by 16.25% over the next 5 years. Short float at 8.78%, which implies a short ratio of 25.56 days. The stock has gained 68.53% over the last year.

16. Dr. Reddy's Laboratories Ltd. (RDY): Drug Manufacturer. Market cap of $6.46B. Sales have grown by 29.2% over the past 5 years, with EPS growing by 35.48% during the same time. EPS projected to grow by 25.% over the next 5 years. Short float at 6.51%, which implies a short ratio of 23.29 days. The stock has gained 68.09% over the last year.

17. Red Hat, Inc. (RHT): Application Software Industry. Market cap of $8.23B. Sales have grown by 30.66% over the past 5 years, with EPS growing by 13.55% during the same time. EPS projected to grow by 18.44% over the next 5 years. Short float at 2.13%, which implies a short ratio of 1.27 days. The stock has gained 67.55% over the last year.

18. Interactive Intelligence, Inc. (ININ): Business Software & Services Industry. Market cap of $472.42M. Sales have grown by 18.98% over the past 5 years, with EPS growing by 49.83% during the same time. EPS projected to grow by 14.17% over the next 5 years. Short float at 5%, which implies a short ratio of 5.01 days. The stock has gained 66.75% over the last year.

19. Texas Roadhouse Inc. (TXRH): Restaurants Industry. Market cap of $1.12B. Sales have grown by 21.02% over the past 5 years, with EPS growing by 11.64% during the same time. EPS projected to grow by 18.86% over the next 5 years. Short float at 14.09%, which implies a short ratio of 12.15 days. The stock has gained 66.24% over the last year.

20. Intuit Inc. (INTU): Application Software Industry. Market cap of $15.38B. Sales have grown by 11.63% over the past 5 years, with EPS growing by 10.59% during the same time. EPS projected to grow by 13.51% over the next 5 years. Short float at 2.14%, which implies a short ratio of 1.52 days. The stock has gained 66.23% over the last year.

21. DIRECTV (DTV): CATV Systems Industry. Market cap of $39.18B. Sales have grown by 13.68% over the past 5 years, with EPS growing by 32.41% during the same time. EPS projected to grow by 22.08% over the next 5 years. Short float at 2.95%, which implies a short ratio of 3.44 days. The stock has gained 66.06% over the last year.

22. Dollar Tree, Inc. (DLTR): Discount, Variety Stores Industry. Market cap of $6.65B. Sales have grown by 10.85% over the past 5 years, with EPS growing by 17.49% during the same time. EPS projected to grow by 14.24% over the next 5 years. Short float at 4.56%, which implies a short ratio of 3.8 days. The stock has gained 64.62% over the last year.

23. Psychiatric Solutions, Inc. (OTCPK:PSYS): Specialized Health Services Industry. Market cap of $1.93B. Sales have grown by 30.83% over the past 5 years, with EPS growing by 36.64% during the same time. EPS projected to grow by 14.25% over the next 5 years. Short float at 7.74%, which implies a short ratio of 5.84 days. The stock has gained 62.02% over the last year.

Disclosure: No positions

Source: 23 Profitable Companies Hitting New Highs