Q4 2017 EPS Estimates for Lennox International, Inc. Reduced by Seaport Global Securities (LII)

Lennox International, Inc. (NYSE:LII) – Analysts at Seaport Global Securities dropped their Q4 2017 EPS estimates for shares of Lennox International in a report released on Monday, according to Zacks Investment Research. Seaport Global Securities analyst W. Liptak now expects that the construction company will post earnings per share of $1.70 for the quarter, down from their prior estimate of $1.78. Seaport Global Securities also issued estimates for Lennox International’s Q1 2018 earnings at $0.97 EPS, Q2 2018 earnings at $3.12 EPS and FY2018 earnings at $9.25 EPS.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 earnings per share.

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Several other brokerages have also commented on LII. Stifel Nicolaus upped their price target on shares of Lennox International from $187.00 to $192.00 and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Credit Suisse Group reaffirmed a “neutral” rating and set a $180.00 price target (up previously from $171.00) on shares of Lennox International in a research report on Tuesday, October 24th. Morgan Stanley upped their price target on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Finally, BidaskClub lowered shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $183.17.

Lennox International (NYSE LII) opened at $188.79 on Wednesday. Lennox International has a 52-week low of $144.15 and a 52-week high of $201.40. The company has a debt-to-equity ratio of 23.87, a current ratio of 1.24 and a quick ratio of 0.72. The firm has a market cap of $7,891.08, a P/E ratio of 24.34, a PEG ratio of 1.41 and a beta of 1.19.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, September 28th. Lennox International’s payout ratio is currently 28.90%.

In other news, EVP Douglas L. Young sold 7,658 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $193.94, for a total value of $1,485,192.52. Following the completion of the sale, the executive vice president now owns 61,155 shares of the company’s stock, valued at $11,860,400.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas L. Young sold 3,759 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $192.60, for a total transaction of $723,983.40. Following the completion of the transaction, the executive vice president now owns 57,396 shares of the company’s stock, valued at $11,054,469.60. The disclosure for this sale can be found here. Insiders sold 13,211 shares of company stock valued at $2,554,112 in the last three months. Company insiders own 3.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after acquiring an additional 128,170 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Lennox International by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 697,173 shares of the construction company’s stock valued at $124,773,000 after acquiring an additional 3,546 shares during the last quarter. Schroder Investment Management Group boosted its stake in Lennox International by 15.6% during the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock valued at $94,805,000 after acquiring an additional 72,804 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in Lennox International by 7.6% during the 2nd quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock valued at $82,332,000 after acquiring an additional 31,840 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Lennox International by 160.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock valued at $51,905,000 after acquiring an additional 178,481 shares during the last quarter. Hedge funds and other institutional investors own 69.09% of the company’s stock.

About Lennox International

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

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