Earnings, Other News Have These 5 Stocks In Motion Today

Insteel Profit Outpaces Expectations

Insteel Industries Inc (NASDAQ:IIIN) is 8% in the green today after the company reported fiscal third quarter earnings of $0.71 per share on revenue of $115.63 million, beating the consensus estimate by $0.19 per share for the bottom-line but missing by $3.72 million for the top-line. Net sales dropped by 1.2% year-over-year, mainly due to a 10% decrease in average selling prices which was mitigated to a large degree by a 9.8% increase in shipments. Cash flow from operations rose to $21.9 million from $18.1 million a year earlier. Management expects strong results for the fiscal fourth quarter. The number of funds in our system with holdings in Insteel Industries Inc (NASDAQ:IIIN) rose by three quarter-over-quarter to 17 as of the end of March.

Marriott Vacations Profit Beats

Marriott Vacations Worldwide Corp (NYSE:VAC) has soared by 11% on the back of strong second quarter earnings results. Although its revenue missed expectations by $6.55 million, coming in at $429.95 million, Marriott Vacations Worldwide’s profit per share beat the consensus mark by $0.06 per share as it delivered EPS of $1.08. Adjusted EBITDA rose by 4.1% year-over-year to $64.2 million and the company repurchased around 1.5 million shares in the quarter. For the full 2016 year, the company expects adjusted fully diluted EPS of $4.43-to-$4.78 and adjusted free cash flow of $135 million-to-$155 million. Of the 766 active funds that we track, 14 funds owned $76.74 million in Marriott Vacations Worldwide Corp (NYSE:VAC) positions, down from 15 funds with holdings worth $102.48 million on December 31.

Del Taco Surges on Results

Traders are watching Del Taco Restaurants Inc (NASDAQ:TACO) today after the restaurant chain reported earnings of $0.13 per share on revenue of $100 million, beating the consensus earnings estimate by $0.01 per share for the line that matters most (the bottom), while missing by $0.6 million on the top-line. System-wide comparable-restaurant sales growth came in at 3.3%, while company-owned comparable-restaurant sales growth rose for the 16th consecutive quarter to come in at 3.1%. Management reiterated its 2016 guidance of system-wide same-store sales growth of 2.5%-to-4.5% and diluted earnings per share of $0.53-to-$0.56. 20 funds in our database were long Del Taco Restaurants Inc (NASDAQ:TACO) at the end of March, a drop of six funds from the end of the prior quarter.

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