Wall Street brokerages expect that Lennox International Inc. (NYSE:LII) will announce earnings per share of $3.54 for the current quarter, Zacks reports. Sixteen analysts have issued estimates for Lennox International’s earnings, with the highest EPS estimate coming in at $3.63 and the lowest estimate coming in at $3.42. 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 announce its next quarterly earnings report on Monday, July 23rd.
According to Zacks, analysts expect that Lennox International will report full-year earnings of $10.12 per share for the current year, with EPS estimates ranging from $9.85 to $10.26. For the next fiscal year, analysts anticipate that the company will post earnings of $11.45 per share, with EPS estimates ranging from $10.87 to $11.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Lennox International.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 23rd. The construction company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $834.80 million during the quarter, compared to the consensus estimate of $805.54 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year.
A number of equities research analysts have issued reports on the company. Wolfe Research assumed coverage on Lennox International in a research report on Wednesday. They set an “underperform” rating for the company. Stifel Nicolaus reissued a “hold” rating and set a $210.00 price target (down previously from $218.00) on shares of Lennox International in a research report on Tuesday, April 24th. Finally, TheStreet downgraded Lennox International from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $206.88.
In other Lennox International news, CEO Todd M. Bluedorn sold 48,340 shares of the business’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $204.71, for a total transaction of $9,895,681.40. Following the transaction, the chief executive officer now owns 125,320 shares in the company, valued at $25,654,257.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gary S. Bedard sold 500 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $210.00, for a total value of $105,000.00. Following the transaction, the executive vice president now owns 19,941 shares in the company, valued at approximately $4,187,610. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,408 shares of company stock worth $11,357,922. 3.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in shares of Lennox International by 4.1% during the first quarter. Thrivent Financial for Lutherans now owns 8,530 shares of the construction company’s stock worth $1,743,000 after purchasing an additional 333 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Lennox International by 15.0% during 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 in the last quarter. Mason Street Advisors LLC lifted its stake in shares of Lennox International by 1.9% during the first quarter. Mason Street Advisors LLC now owns 18,883 shares of the construction company’s stock worth $3,859,000 after purchasing an additional 360 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Lennox International by 12.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 3,516 shares of the construction company’s stock worth $732,000 after purchasing an additional 379 shares in the last quarter. Finally, Hilton Capital Management LLC lifted its stake 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 worth $13,781,000 after acquiring an additional 458 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.
LII stock traded down $2.67 during trading on Wednesday, reaching $193.83. 306,200 shares of the stock traded hands, compared to its average volume of 324,502. Lennox International has a 52-week low of $160.18 and a 52-week high of $223.05. The company has a current ratio of 1.89, a quick ratio of 1.10 and a debt-to-equity ratio of -12.26. The company has a market cap of $8.17 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, June 28th. This is a boost 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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