Lennox International Inc. (LII) Expected to Post Earnings of $1.67 Per Share
Wall Street analysts expect Lennox International Inc. (NYSE:LII) to post earnings of $1.67 per share for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for Lennox International’s earnings, with estimates ranging from $1.55 to $1.82. Lennox International posted earnings per share of $1.50 during the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, February 6th.
On average, analysts expect that Lennox International will report full-year earnings of $7.89 per share for the current year, with EPS estimates ranging from $7.60 to $8.05. For the next fiscal year, analysts anticipate that the firm will report earnings of $9.10 per share, with EPS estimates ranging from $8.40 to $10.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Lennox International.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $2.33 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis.
Several equities research analysts recently issued reports on LII shares. Wells Fargo & Co raised their target price on shares of Lennox International from $190.00 to $193.00 and gave the stock a “market perform” rating in a research report on Friday, October 6th. Credit Suisse Group reissued a “neutral” rating and issued a $180.00 target price (up from $171.00) on shares of Lennox International in a research report on Tuesday, October 24th. Wolfe Research reissued a “peer perform” rating on shares of Lennox International in a research report on Tuesday, October 3rd. Cleveland Research started coverage on shares of Lennox International in a research report on Tuesday, October 3rd. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $187.00 target price on shares of Lennox International in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $191.83.
In other Lennox International news, VP Chris Kosel sold 754 shares of Lennox International stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $204.37, for a total transaction of $154,094.98. Following the transaction, the vice president now directly owns 810 shares of the company’s stock, valued at $165,539.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul W. Schmidt sold 750 shares of Lennox International stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $193.46, for a total transaction of $145,095.00. Following the transaction, the director now directly owns 2,689 shares in the company, valued at $520,213.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,573 shares of company stock worth $8,194,706. 3.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in LII. Riverhead Capital Management LLC lifted its position in Lennox International by 64.1% during the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the construction company’s stock valued at $422,000 after buying an additional 897 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Lennox International by 2.1% during the second quarter. TIAA CREF Investment Management LLC now owns 151,399 shares of the construction company’s stock valued at $27,803,000 after buying an additional 3,087 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Lennox International by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 111,527 shares of the construction company’s stock worth $20,484,000 after purchasing an additional 3,753 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Lennox International by 3.2% during the second quarter. Nationwide Fund Advisors now owns 106,322 shares of the construction company’s stock worth $19,525,000 after purchasing an additional 3,286 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Lennox International by 6.0% during the second quarter. Thrivent Financial For Lutherans now owns 7,720 shares of the construction company’s stock worth $1,418,000 after purchasing an additional 440 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lennox International (NYSE LII) opened at $209.98 on Wednesday. The company has a debt-to-equity ratio of 23.87, a current ratio of 1.24 and a quick ratio of 0.72. Lennox International has a 12-month low of $147.98 and a 12-month high of $214.70. The stock has a market cap of $8,800.91, a P/E ratio of 29.74, a P/E/G ratio of 1.17 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a yield of 0.97%. Lennox International’s dividend payout ratio (DPR) is 28.90%.
Lennox International Company Profile
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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