Wall Street analysts predict that Lennox International Inc. (NYSE:LII) will report earnings per share of $2.91 for the current quarter, according to Zacks Investment Research. Fifteen analysts have provided estimates for Lennox International’s earnings, with the lowest EPS estimate coming in at $2.70 and the highest estimate coming in at $3.06. Lennox International posted earnings per share of $2.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The firm is scheduled to report its next earnings report on Monday, October 22nd.
According to Zacks, analysts expect that Lennox International will report full year earnings of $9.22 per share for the current financial year, with EPS estimates ranging from $9.05 to $9.35. For the next financial year, analysts expect that the company will post earnings of $11.69 per share, with EPS estimates ranging from $10.67 to $12.70. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Lennox International.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.56 by $0.11. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. Lennox International had a negative return on equity of 750.65% and a net margin of 8.15%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.83 earnings per share.
Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Lennox International from $217.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. Barclays upped their price target on Lennox International from $233.00 to $239.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Seaport Global Securities downgraded Lennox International from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. They noted that the move was a valuation call. TheStreet upgraded Lennox International from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Finally, ValuEngine upgraded Lennox International from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $215.38.
In other Lennox International news, EVP Gary S. Bedard sold 240 shares of the business’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $220.00, for a total value of $52,800.00. Following the transaction, the executive vice president now owns 19,458 shares of the company’s stock, valued at $4,280,760. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 243 shares of the business’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $215.00, for a total value of $52,245.00. Following the completion of the transaction, the executive vice president now directly owns 19,698 shares in the company, valued at approximately $4,235,070. The disclosure for this sale can be found here. Insiders have sold 9,260 shares of company stock valued at $2,009,363 in the last quarter. 3.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC boosted its position in Lennox International by 354.7% in the second quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock worth $126,000 after purchasing an additional 493 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Lennox International by 583.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock worth $319,000 after purchasing an additional 1,359 shares during the last quarter. Lara May & Associates LLC purchased a new position in Lennox International in the first quarter worth $340,000. Toronto Dominion Bank boosted its position in Lennox International by 15.0% in the first quarter. Toronto Dominion Bank now owns 2,573 shares of the construction company’s stock worth $526,000 after purchasing an additional 336 shares during the last quarter. Finally, Natixis purchased a new position in Lennox International in the first quarter worth $766,000. 68.39% of the stock is currently owned by institutional investors and hedge funds.
Lennox International stock traded up $0.73 during trading on Monday, hitting $215.25. 188,900 shares of the company were exchanged, compared to its average volume of 318,866. Lennox International has a 52 week low of $178.12 and a 52 week high of $229.98. The company has a market capitalization of $8.79 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.14 and a debt-to-equity ratio of -7.32.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.56 annualized dividend and a yield of 1.19%. Lennox International’s dividend payout ratio (DPR) is currently 32.32%.
About Lennox International
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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