PENGARUH PROFITABILITAS DAN EARNING PER SHARE TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR YANG SUDAH TERDAFTAR DI BEI 2018-2020

Abstract

This research aimed to examine the effect of profitability and Earning Per Share (EPS) on stock price. While, the
profitability was measured by Return On Asset (ROA), Return On Equity (ROE), and Earning Per Share
(EPS) was measured by income after tax which was measured by the number of shared stock. Meanwhile, the
stock price was measured by the closing price per year. The research was quantitative with causal-comparatives
as its approach. The approach was used to find out the cause and effect relationship between two variables or
more. Moreover, the population was Textile and Garment manufacturing companies which were listed on
Indonesia Stock Exchange (IDX) during 2018-2020. Furthermore, the data collection technique used purposive
sampling, in which the sample was based on criteria given. In line with that, there were 33 samples from 11
Textile and Garment manufacturing companies. Additionally, the data analysis technique used multiple linear
analysis with SPSS 26. The research result concluded that ROA had a positive but insignificant effect on stock
price. On the other hand, ROE had a positive and significant effect on stock price. In contrast, ROI had a
negative and significant effect on stock price. On the contrary, EPS had a positive and significant effect on stock
price.