PENGARUH PROFITABILITAS TERHADAP RETURN SAHAM (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2014-2018)

Abstract

Objective: This study aims to determine the effect of ROA, ROE, EPS
and NPM variables on stock returns (Y) partially and simultaneously.
The research sample is 45 companies. The data collection technique
is done by the documentation method, which is collecting data in the
form of book literature, journals, and the company's annual financial
statements. The data needed in this study is secondary data from the
financial statements of manufacturing companies listed on the
Indonesia Stock Exchange in the 2014-2018 period. The financial
statements were downloaded from the site www.idx.co.id.
Methodology: The analytical method used in this study is the Panel
data regression method as analysis technique used is quantitative.
Finding: ROA (H1), ROE (H2), EPS (H3) are accepted (positive
affect), while H4 (NPM) are accepted (positive affect) at the 5%
confidence level.
Conclusion:
The results showed that ROA has a positive and significant effect on
stock returns, the more effective the users of the company's assets,
then by itself efforts to increase profits can be maximally generated
and ultimately can increase the value of stock returns. ROE has a
positive and significant effect on stock returns, the more effective the
company is in managing its own capital, then the effort to increase
stock returns can be realized. EPS has a positive and significant
effect on stock returns, earnings per share contains important
information to make predictions about dividends per share in the
future. While NPM has a negative and significant effect on Stock
Return, the high and low NPMs do not guarantee investors will buy
these shares because NPM only makes a profit from each sale