PENGARUH PROFITABILITAS, LEVERAGE, DAN EARNING PER SHARE PADA RETURN SAHAM PERUSAHAAN SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2019-2022

Abstract

ABSTRACT

Investment is an economic activity that is putting available funds in an asset, there are many types of investments that can be made, one of which is stocks. In Indonesia, shares are traded on the Indonesia Stock Exchange (IDX). before making an investment, investors must be able to understand the signals from the financial statements issued by the company they are going to invest in. The purpose of this study is to determine the effect of profibatility, leverage, and earning per share on stock return. Quantitative research methods are used in this study within secondary data. This research was conducted at pharmaceutical sector companies listed on the Indonesia Stock Exchange for the 2019-2022 period. The sampling method used purposive sampling with the criteria of companies listed on the IDX in the 2019-2022, companies that have stock data for 2019-2022, and companies that publish consecutive annual reports in the 2019-2022 period, thus obtaining 40 observations. The data analysis technique used multiple linear regression analysis with SPSS 26 assisted data presentation. The result of this study indicates that the profitability and earning per share have positive effect on stock return, and leverage has no effect on stock return. Based on these results, there are three factors that influence stock returns it is profitability, leverage, and earning per share. Those three factors can be taken into consideration before making an investment to avoid lossed and obtain maximum profits.

Keywords: Profitability, Leverage, Earning Per Share, Stock Return.