$2.91 Earnings Per Share Expected for Lennox International Inc. (LII) This Quarter

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.

Recommended Story: Return on Investment (ROI)

Get a free copy of the Zacks research report on Lennox International (LII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply