5 Stocks Making Big Moves After Releasing Their Financial Results

In this article, we discuss the 5 stocks making big moves after releasing their financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Big Moves After Releasing Their Financial Results.   

5. Huntsman Corporation (NYSE:HUN)

Number of Hedge Fund Holders: 26

Shares of Huntsman Corporation (NYSE:HUN) recently climbed to an all-time after announcing solid earnings and revenue for the fourth quarter. The manufacturer of specialty chemicals earned 95 cents per share on an adjusted basis, compared to 51 cents per share in the year-ago period.

Revenue came in at $2.31 billion, up from $1.69 billion for the fourth quarter of 2020. Analysts were expecting Huntsman Corporation (NYSE:HUN) to post earnings of 90 cents per share on revenue of $2.16 billion.

Speaking on the results, CEO Peter Huntsman said:

“We concluded 2021 with the best year in our history with our current portfolio of businesses. The transformation of our portfolio has enabled our company to generate not only our highest ever adjusted EBITDA margins but consistent profit margins quarter on quarter throughout 2021, a hallmark of a more differentiated chemical business.”

4. Henry Schein, Inc. (NASDAQ:HSIC)

Number of Hedge Fund Holders: 26

Shares of Henry Schein, Inc. (NASDAQ:HSIC) hit a new 52-week high of $84.10 on Wednesday, February 16, 2022, a day after posting better-than-expected financial results for the fourth quarter.

Henry Schein, Inc. (NASDAQ:HSIC) earned $1.07 per share on an adjusted basis, topping expectations of 91 cents per share. Revenue came in at $3.33 billion, above analysts’ average estimate of $3.14 billion.

Looking at the performance of its flagship segments, global dental sales for the quarter rose 9.4 percent versus last year to $2 billion, while global medical sales increased 3.2 percent to $1.1 billion.

Henry Schein, Inc. (NASDAQ:HSIC) also released its earnings outlook for 2022. It expects adjusted earnings in the range of $4.75 – $4.91 per share, representing a surge of 7 – 10 percent on a year-over-year basis.

3. Ecolab Inc. (NYSE:ECL)

Number of Hedge Fund Holders: 39

Shares of Ecolab Inc. (NYSE:ECL) recently fell to a nearly 10-month low after announcing disappointing profit for the fourth quarter. The company earned $1.28 per share on an adjusted basis, below the consensus forecast of $1.31 per share.

On the bright side, Ecolab Inc. (NYSE:ECL) posted revenue of $3.36 billion, up 10 percent versus last year and above analysts’ average estimate of $3.29 billion. Revenue from its industrial segment increased 8 percent, while revenue from the institutional & specialty segment jumped 18 percent in the quarter. In comparison, healthcare & life sciences revenue fell 6 percent on a year-over-year basis.

Looking forward, Ecolab Inc. (NYSE:ECL) expects its first-quarter earnings to stay flat versus last year amid higher costs related to raw material and shipping. However, the company projected healthy sales growth for the current quarter.

Discussing the results, CEO Christophe Beck said in a statement:

“While the external environment remains dynamic, we are confident in our fundamental positioning and our proven ability to leverage our opportunities to improve our long-term margins further and to continue to deliver superior long-term results for our customers and shareholders.”

2. Marriott International, Inc. (NASDAQ:MAR)

Number of Hedge Fund Holders: 39

Shares of Marriott International, Inc. (NASDAQ:MAR) climbed to an all-time high of $181.98 on Tuesday, February 15, 2022, after announcing impressive financial results for the fourth quarter.

Marriott International, Inc. (NASDAQ:MAR) reported adjusted earnings of $1.30 per share, a significant improvement from 12 cents per share in the year-ago period. Revenue for the quarter skyrocketed 105 percent versus last year to $4.45 billion. The results crushed analysts’ average estimate of 99 cents per share for earnings and $3.98 billion for revenue.

Among other updates, Marriott International, Inc. (NASDAQ:MAR) reported that it added 120 properties to its global portfolio during the quarter. In addition, the general, administrative, and other costs for the quarter increased to $213 million versus $183 million for the same period one year ago.

Marriott International, Inc. (NASDAQ:MAR) did not release any financial outlook, citing uncertainties related to the coronavirus pandemic.

Commenting on the results, CEO Anthony Capuano said:

“The 2021 fourth quarter capped off a year that showed the incredible resilience of people’s desire to travel and the appeal of our broad portfolio of 30 global brands.  We experienced significant progress in global RevPAR recovery in 2021 despite the emergence of new variants and ongoing headwinds from the global pandemic.”

1. Fidelity National Information Services, Inc. (NYSE:FIS)

Number of Hedge Fund Holders: 69

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) plunged to their lowest price in more than three years after announcing mixed financial results for the fourth quarter along with a weak outlook.

The Florida-based payment services provider reported adjusted earnings of $1.92 per share on revenue of $3.67 billion. However, analysts expected Fidelity National Information Services, Inc. (NYSE:FIS) to earn $1.90 per share on revenue of $3.71 billion.

Fidelity National Information Services, Inc. (NYSE:FIS) also released its segment-wise sales performance. Merchant solutions revenue for the quarter jumped 19 percent to $1.19 billion, while banking solutions revenue rose 8 percent to $1.67 billion. In addition, capital market solutions revenue also rose 8 percent to $716 million.

Looking forward, Fidelity National Information Services, Inc. (NYSE:FIS) expects adjusted earnings in the range of $1.44 – $1.47 per share and revenue between $3.42 – $3.45 billion for the first quarter. The outlook missed analysts’ average estimate of $1.56 per share for earnings and $3.49 billion for revenue.

Speaking on the results, CEO Gary Norcross said:

“Our strategy continues to resonate with our clients and prospects, and our team continues to execute at an exceptionally high level. Our ability to develop flexible, new technologies and to deliver differentiated customer experiences continues to drive strong value for our clients.”

You can also take a peek at Billionaire Michael Hintze Portfolio: Top 10 Stock Picks and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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