Equities analysts expect Lennox International (NYSE:LII) to report $1.08 earnings per share for the current fiscal quarter, according to Zacks. Fifteen analysts have provided estimates for Lennox International’s earnings. The highest EPS estimate is $1.15 and the lowest is $0.96. Lennox International reported earnings of $0.90 per share in the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is expected to announce its next earnings report before the market opens on Monday, April 23rd.
On average, analysts expect that Lennox International will report full year earnings of $10.16 per share for the current financial year, with EPS estimates ranging from $10.05 to $10.33. For the next year, analysts expect that the company will report earnings of $11.43 per share, with EPS estimates ranging from $11.00 to $11.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Lennox International.
Lennox International (NYSE:LII) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The firm had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. During the same quarter last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis.
Several analysts recently weighed in on the stock. UBS reiterated a “neutral” rating and issued a $215.00 target price (down previously from $230.00) on shares of Lennox International in a report on Wednesday, February 7th. Barclays assumed coverage on shares of Lennox International in a report on Thursday, February 15th. They issued an “overweight” rating and a $233.00 target price for the company. Robert W. Baird dropped their target price on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $198.00 target price on shares of Lennox International in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $207.88.
In related news, COO Terry L. Johnston sold 4,556 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $203.50, for a total value of $927,146.00. Following the completion of the sale, the chief operating officer now directly owns 29,755 shares of the company’s stock, valued at $6,055,142.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John D. Torres sold 4,406 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $196.01, for a total transaction of $863,620.06. Following the completion of the sale, the executive vice president now directly owns 6,254 shares of the company’s stock, valued at $1,225,846.54. The disclosure for this sale can be found here. Insiders sold a total of 50,970 shares of company stock valued at $10,541,924 in the last three months. 3.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB lifted its position in 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 during the last quarter. Hilton Capital Management LLC increased its stake in Lennox International by 7.9% in the fourth quarter. Hilton Capital Management LLC now owns 66,976 shares of the construction company’s stock valued at $13,948,000 after purchasing an additional 4,913 shares during the period. We Are One Seven LLC acquired a new position in Lennox International in the fourth quarter valued at $409,000. MetLife Investment Advisors LLC acquired a new position in Lennox International in the fourth quarter valued at $4,954,000. Finally, Meadow Creek Investment Management LLC increased its stake in Lennox International by 16.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,440 shares of the construction company’s stock valued at $1,133,000 after purchasing an additional 782 shares during the period. 69.87% of the stock is owned by hedge funds and other institutional investors.
Lennox International stock traded up $2.46 during trading on Thursday, hitting $205.85. The company had a trading volume of 206,397 shares, compared to its average volume of 317,929. Lennox International has a 1-year low of $160.18 and a 1-year high of $223.05. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The company has a market capitalization of $8,182.24, a PE ratio of 25.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.16.
Lennox International declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 6th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Monday, April 2nd were given a $0.51 dividend. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $2.04 annualized dividend and a yield of 0.99%. Lennox International’s dividend payout ratio is presently 25.76%.
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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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