Wall Street analysts expect Lennox International (NYSE:LII) to post earnings per share (EPS) of $3.54 for the current fiscal quarter, Zacks reports. Sixteen analysts have issued estimates for Lennox International’s earnings, with the lowest EPS estimate coming in at $3.42 and the highest estimate coming in at $3.63. Lennox International posted earnings per share of $2.83 during the same quarter last year, which indicates a positive year-over-year growth rate of 25.1%. The company is expected to issue its next quarterly earnings report 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 company will post earnings of $11.44 per share, with EPS estimates ranging from $10.87 to $11.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Lennox International.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, April 23rd. The construction company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $834.80 million during the quarter, compared to analyst estimates of $805.54 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. Lennox International’s revenue was up 5.2% compared to the same quarter last year.
Several analysts recently commented on the company. TheStreet lowered Lennox International from a “b” rating to a “c+” rating in a report on Monday, April 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $210.00 price objective (down previously from $218.00) on shares of Lennox International in a report on Tuesday, April 24th. Barclays began coverage on Lennox International in a report on Thursday, February 15th. They set an “overweight” rating and a $233.00 price target for the company. Robert W. Baird cut their price target on Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, UBS reissued a “neutral” rating and set a $215.00 price target (down previously from $230.00) on shares of Lennox International in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $206.88.
In other Lennox International news, Director Paul W. Schmidt sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $204.00, for a total transaction of $204,000.00. Following the completion of the sale, the director now owns 2,145 shares of the company’s stock, valued at $437,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Todd M. Bluedorn sold 25,058 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $209.78, for a total value of $5,256,667.24. Following the completion of the transaction, the chairman now owns 214,976 shares in the company, valued at $45,097,665.28. The disclosure for this sale can be found here. Insiders have sold 48,054 shares of company stock valued at $9,978,754 in the last three months. 3.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in shares of Lennox International by 4.1% in the first quarter. Thrivent Financial for Lutherans now owns 8,530 shares of the construction company’s stock valued at $1,743,000 after acquiring an additional 333 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Lennox International by 15.0% in the first quarter. Toronto Dominion Bank now owns 2,573 shares of the construction company’s stock valued at $526,000 after acquiring an additional 336 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Lennox International by 1.9% in the first quarter. Mason Street Advisors LLC now owns 18,883 shares of the construction company’s stock valued at $3,859,000 after acquiring an additional 360 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Lennox International by 12.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 3,516 shares of the construction company’s stock valued at $732,000 after acquiring an additional 379 shares in the last quarter. Finally, Hilton Capital Management LLC lifted its position in shares of Lennox International by 0.7% in the first quarter. Hilton Capital Management LLC now owns 67,434 shares of the construction company’s stock valued at $13,781,000 after acquiring an additional 458 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.
Shares of LII opened at $203.86 on Wednesday. The company has a debt-to-equity ratio of -12.26, a current ratio of 1.89 and a quick ratio of 1.10. Lennox International has a one year low of $160.18 and a one year high of $223.05. The firm has a market capitalization of $8.38 billion, a P/E ratio of 25.74, a PEG ratio of 1.04 and a beta of 1.19.
Lennox International announced that its board has initiated a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $0.51. Lennox International’s payout ratio is currently 25.76%.
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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