Here’s How These Companies Did For Their Latest Earnings Results

Lennox International Inc. (NYSE:LII) is in the spotlight after reporting earnings of $2.33 per share on sales of $1.01 billion for its third quarter. Wall Street was expecting earnings of $2.24 per share and around $1 billion in sales. The company’s revenue went up by 5.8% year-over-year, led by the Residential Heating & Cooling segment’s 11% growth. Lennox’s gross margin inched up 210 basis points to 30.7% and the management expects fiscal 2016 adjusted EPS of $6.75-$6.95 and sales to gain between 4% and 6%. A total of 15 funds tracked by us owned shares of Lennox International Inc. (NYSE:LII) at the end of June, down by two funds from the previous quarter.

Traders are watching Ameris Bancorp (NASDAQ:ABCB) after the company reported EPS of $0.61 per share for its third quarter, or $0.02 per share ahead of the consensus estimate. Revenue for the three months amounted to $85.93 million, $0.09 million ahead of the average analyst estimate, and up by 18.7% on the year. Organic growth in loans clocked in at a 22.9% annualized rate, and operating return on assets came in at a respectable 1.35%. Tangible book value rose to $14.38 per share versus $12.65 per share at the end of 2015. Among the funds we track, 12 funds owned $84.41 million worth of Ameris Bancorp (NASDAQ:ABCB)’s stock, which accounted for 8.20% of the float on June 30, versus 11 funds and $88.86 million, respectively, on March 31.

J B Hunt Transport Services Inc (NASDAQ:JBHT) is in the red after reporting softer-than-expected earnings for its third quarter. During the period, J B Hunt Transport earned $0.97 per share, versus Wall Street’s estimate of $1.03 per share. Revenue came in at $1.69 billion, up by 6.3% on the year, and was $10 million ahead of the consensus estimate. Operating margin for the period inched lower by 140 basis points to 10.8%. The softer results were mainly due to increased equipment maintenance costs, lower customer rates per mile, higher insurance and safety costs, and increased driver hiring costs, which more than offset the favorable changes from higher utilization and increased fleet count. A total of 28 funds from our database were long J B Hunt Transport Services Inc (NASDAQ:JBHT) at the end of the second quarter.

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