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

Although it’s just the beginning of the week for investors, the earnings season is in full swing. Among the companies that have reported their latest results on Monday are Bank of America Corp (NYSE:BAC), Hasbro, Inc. (NASDAQ:HAS), Lennox International Inc. (NYSE:LII), Ameris Bancorp (NASDAQ:ABCB), and J B Hunt Transport Services Inc (NASDAQ:JBHT).

Let’s examine the earnings reports of each company and take a closer look at what the smart money investors from our database think about them.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see the details here).

ImageFlow/Shutterstock.com

Like its other peers, Bank of America Corp (NYSE:BAC) reported a strong third quarter, with EPS of $0.41 on revenue of $21.64 billion, beating the Street’s estimates by $0.08 and $700 million, respectively. Sales advanced by 3.1% year-over-year and tangible book value inched up 11% year-over-year to $17.14. Book value rose by an annual 8% to $24.19 per share and the bank realized a respectable ROTCE of 10.3% for the period. The bank’s bottom line topped the expectations in part due to cost cuts and strong bond trading activity. If interest rates normalize and the economy remains strong (and nothing bad happens in Europe), many investors expect Bank of America to do well fundamentally. Ken Fisher’s Fisher Asset Management cut its stake in Bank of America Corp (NYSE:BAC) by 18% quarter-over-quarter to 35.7 million shares held at the end of September.

Hasbro, Inc. (NASDAQ:HAS) shares have jumped by over 6% after the toy maker reported results that were ahead of expectations. In its third quarter, Hasbro earned $2.03 per share, beating the average analyst estimate by $0.29 per share. Revenue for the period was $1.68 billion, up by 14.3% year-over-year, and $120 million ahead of the consensus estimate. Sales rose by 16% year-over-year in Canada and the United States and by 13% internationally. Franchise brand sales inched up 2% and operating margin rose 1 percentage point to 21.6%. The number of funds from our database with holdings in Hasbro, Inc. (NASDAQ:HAS) fell by four quarter-over-quarter to 26 at the end of June.

On the next page, we take a look at the financial results of Lennox International, Ameris Bancorp, and J B Hunt Transport Services.