Lennox International Inc. (LII) Expected to Announce Earnings of $1.67 Per Share

Equities research analysts forecast that Lennox International Inc. (NYSE:LII) will announce earnings per share (EPS) of $1.67 for the current fiscal quarter, according to Zacks Investment Research. Fifteen analysts have provided estimates for Lennox International’s earnings. The lowest EPS estimate is $1.55 and the highest is $1.82. Lennox International posted earnings of $1.50 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The firm is expected to report its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Lennox International will report full-year earnings of $7.89 per share for the current year, with EPS estimates ranging from $7.60 to $8.05. For the next financial year, analysts forecast that the firm will report earnings of $9.10 per share, with EPS estimates ranging from $8.40 to $10.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Lennox International.

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

A number of brokerages recently issued reports on LII. Stifel Nicolaus reiterated a “hold” rating and set a $207.00 price objective (up from $193.00) on shares of Lennox International in a research note on Monday, December 11th. Wells Fargo & Co restated a “market perform” rating and set a $210.00 price target (up previously from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $210.00 target price on shares of Lennox International in a research note on Wednesday, November 29th. Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a research note on Tuesday, October 24th. Finally, Morgan Stanley increased their target price on Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $191.83.

In other news, Chairman Todd M. Bluedorn sold 8,313 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $202.94, for a total value of $1,687,040.22. Following the completion of the transaction, the chairman now directly owns 181,973 shares in the company, valued at $36,929,600.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary S. Bedard sold 369 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $204.47, for a total value of $75,449.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,794 shares of company stock valued at $5,495,107. 3.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in LII. Ameriprise Financial Inc. boosted its stake in shares of Lennox International by 160.0% in the third quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock worth $51,905,000 after acquiring an additional 178,481 shares during the last quarter. State Street Corp raised its position in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares during the period. Schroder Investment Management Group raised its position in Lennox International by 15.6% in the third quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock valued at $94,805,000 after purchasing an additional 72,804 shares during the period. Quantitative Investment Management LLC raised its position in Lennox International by 124.9% in the second quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock valued at $21,926,000 after purchasing an additional 66,300 shares during the period. Finally, Impax Asset Management LTD purchased a new stake in Lennox International in the third quarter valued at $9,034,000. Institutional investors own 68.78% of the company’s stock.

Shares of Lennox International (LII) traded down $2.40 during trading hours on Friday, hitting $208.26. The company had a trading volume of 257,323 shares, compared to its average volume of 265,179. The company has a market cap of $8,699.85, a P/E ratio of 29.50, a PEG ratio of 1.32 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 23.87. Lennox International has a 52 week low of $147.54 and a 52 week high of $213.78.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, December 28th. Lennox International’s dividend payout ratio (DPR) is presently 28.90%.

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Lennox International Company Profile

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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