Brokerages predict that Lennox International Inc. (NYSE:LII) will report earnings of $3.54 per share for the current quarter, Zacks reports. Sixteen analysts have made estimates for Lennox International’s earnings. The lowest EPS estimate is $3.42 and the highest is $3.63. Lennox International reported earnings per share of $2.83 during the same quarter last year, which suggests a positive year over year growth rate of 25.1%. The company is expected to issue its next earnings report before the market opens on Monday, July 23rd.
On average, analysts expect that Lennox International will report full-year earnings of $10.12 per share for the current financial year, with EPS estimates ranging from $9.85 to $10.26. For the next fiscal year, analysts forecast that the firm will report earnings of $11.45 per share, with EPS estimates ranging from $10.87 to $11.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Lennox International.
Get Lennox International alerts:Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, April 23rd. The construction company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Lennox International had a negative return on equity of 14,731.92% and a net margin of 7.73%. The firm had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $805.54 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s revenue was up 5.2% compared to the same quarter last year.
Several analysts have weighed in on the company. TheStreet cut Lennox International from a “b” rating to a “c+” rating in a report on Monday, April 23rd. Wells Fargo & Co raised their price target on Lennox International from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Monday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $210.00 price target (down previously from $218.00) on shares of Lennox International in a report on Tuesday, April 24th. Finally, Wolfe Research started coverage on Lennox International in a research report on Wednesday, June 27th. They set an “underperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Lennox International has an average rating of “Hold” and an average price target of $209.38.
In other news, Director John E. Major sold 1,000 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director now directly owns 2,145 shares in the company, valued at approximately $429,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd M. Bluedorn sold 48,340 shares of the stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $204.71, for a total value of $9,895,681.40. Following the transaction, the chief executive officer now owns 125,320 shares in the company, valued at $25,654,257.20. The disclosure for this sale can be found here. Insiders have sold a total of 55,408 shares of company stock worth $11,357,922 over the last quarter. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of LII. Riverbridge Partners LLC bought a new position in Lennox International during the 2nd quarter worth approximately $26,017,000. BlackRock Inc. grew its position in Lennox International by 2.9% during the 1st quarter. BlackRock Inc. now owns 3,641,718 shares of the construction company’s stock worth $744,259,000 after acquiring an additional 103,287 shares during the last quarter. Fred Alger Management Inc. grew its position in Lennox International by 64.1% during the 4th quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock worth $39,399,000 after acquiring an additional 73,865 shares during the last quarter. OppenheimerFunds Inc. grew its position in Lennox International by 41.0% during the 1st quarter. OppenheimerFunds Inc. now owns 190,910 shares of the construction company’s stock worth $39,016,000 after acquiring an additional 55,534 shares during the last quarter. Finally, Interval Partners LP bought a new position in Lennox International during the 1st quarter worth approximately $10,219,000. Institutional investors and hedge funds own 69.16% of the company’s stock.
Shares of NYSE:LII traded up $3.04 on Friday, hitting $214.48. The company’s stock had a trading volume of 8,302 shares, compared to its average volume of 307,668. Lennox International has a 1 year low of $160.18 and a 1 year high of $223.05. The stock has a market cap of $8.78 billion, a P/E ratio of 27.09, a PEG ratio of 1.09 and a beta of 1.20. The company has a quick ratio of 1.10, a current ratio of 1.89 and a debt-to-equity ratio of -12.26.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $0.51. This represents a $2.56 annualized dividend and a dividend yield of 1.19%. Lennox International’s dividend payout ratio is 32.32%.
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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