$3.51 Earnings Per Share Expected for Lennox International Inc. (NYSE:LII) This Quarter

Analysts expect that Lennox International Inc. (NYSE:LII) will report earnings of $3.51 per share for the current quarter, Zacks reports. Eighteen analysts have made estimates for Lennox International’s earnings, with the highest EPS estimate coming in at $3.73 and the lowest estimate coming in at $3.23. Lennox International reported earnings per share of $2.72 in the same quarter last year, which would indicate a positive year over year growth rate of 29%. The company is expected to report its next earnings report before the market opens on Monday, October 21st.

According to Zacks, analysts expect that Lennox International will report full year earnings of $11.50 per share for the current fiscal year, with EPS estimates ranging from $11.15 to $11.80. For the next fiscal year, analysts forecast that the company will report earnings of $12.11 per share, with EPS estimates ranging from $11.22 to $12.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Lennox International.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 22nd. The construction company reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.41). Lennox International had a net margin of 9.66% and a negative return on equity of 244.79%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business earned $3.67 EPS. The business’s revenue was down 6.5% on a year-over-year basis.

A number of research analysts have recently commented on LII shares. Buckingham Research decreased their price objective on shares of Lennox International from $260.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Credit Suisse Group decreased their price objective on shares of Lennox International from $282.00 to $265.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Cowen reissued a “hold” rating and issued a $270.00 price objective on shares of Lennox International in a research report on Friday, June 28th. Goldman Sachs Group decreased their price objective on shares of Lennox International from $256.00 to $230.00 in a research report on Monday, September 23rd. Finally, ValuEngine downgraded shares of Lennox International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $250.42.

Shares of LII opened at $248.17 on Tuesday. The firm has a 50-day moving average of $241.34 and a 200-day moving average of $262.89. Lennox International has a one year low of $177.36 and a one year high of $298.49. The company has a market cap of $9.71 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is 32.70%.

In related news, Director John E. Major sold 1,000 shares of Lennox International stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $257.83, for a total transaction of $257,830.00. Following the completion of the sale, the director now owns 1,894 shares of the company’s stock, valued at approximately $488,330.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Todd M. Bluedorn sold 8,445 shares of Lennox International stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $257.17, for a total transaction of $2,171,800.65. Following the sale, the chairman now directly owns 111,165 shares of the company’s stock, valued at approximately $28,588,303.05. The disclosure for this sale can be found here. Insiders have sold a total of 9,945 shares of company stock valued at $2,557,886 in the last ninety days. 3.40% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Private Capital Group LLC boosted its holdings in Lennox International by 5.8% in the 2nd quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock valued at $170,000 after purchasing an additional 46 shares during the period. Dorsey Wright & Associates boosted its holdings in Lennox International by 9.0% in the 2nd quarter. Dorsey Wright & Associates now owns 1,354 shares of the construction company’s stock valued at $372,000 after purchasing an additional 112 shares during the period. MAI Capital Management boosted its holdings in Lennox International by 3.4% in the 2nd quarter. MAI Capital Management now owns 4,773 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 157 shares during the period. Endurance Wealth Management Inc. bought a new stake in Lennox International in the 3rd quarter valued at about $65,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Lennox International in the 2nd quarter valued at about $82,000. 71.02% of the stock is owned by institutional investors and hedge funds.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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