Lennox International (LII) Earning Somewhat Positive Press Coverage, Study Shows
News stories about Lennox International (NYSE:LII) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lennox International earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 48.2330315092374 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Lennox International Inc. (LII) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Hot Stock Listing: CatchMark Timber Trust (CTT), Lennox International Inc. (LII) (newsregistrar.com)
- $1.08 Billion in Sales Expected for Lennox International Inc. (LII) This Quarter (americanbankingnews.com)
- Attractive Stock of Yesterday : Lennox International Inc. (LII) (thenewsbloom.org)
- Climate Change Boosts Lennox International (investmentu.com)
Several research analysts have weighed in on LII shares. Stifel Nicolaus reiterated a “hold” rating and issued a $210.00 price objective (down previously from $218.00) on shares of Lennox International in a research note on Tuesday, April 24th. TheStreet lowered shares of Lennox International from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Wolfe Research started coverage on shares of Lennox International in a research note on Wednesday, June 27th. They issued an “underperform” rating on the stock. Wells Fargo & Co upped their price objective on shares of Lennox International from $220.00 to $230.00 and gave the company a “market perform” rating in a research note on Monday, July 9th. Finally, Seaport Global Securities lowered shares of Lennox International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Lennox International presently has an average rating of “Hold” and an average target price of $210.13.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $0.11. Lennox International had a net margin of 8.15% and a negative return on equity of 750.65%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $2.83 EPS. Lennox International’s quarterly revenue was up 6.7% on a year-over-year basis. equities research analysts forecast that Lennox International will post 10.2 earnings per share for the current fiscal year.
In other news, EVP Prakash Bedapudi sold 5,011 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $208.15, for a total transaction of $1,043,039.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gary S. Bedard sold 500 shares of the stock in a transaction on Friday, June 8th. The stock was sold at an average price of $210.00, for a total transaction of $105,000.00. Following the transaction, the executive vice president now owns 19,941 shares in the company, valued at approximately $4,187,610. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,836 shares of company stock worth $12,989,876. 3.90% of the stock is currently owned by company insiders.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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