Equities analysts expect Lennox International Inc. (NYSE:LII) to post earnings of $3.59 per share for the current quarter, Zacks Investment Research reports. Eighteen analysts have made estimates for Lennox International’s earnings, with estimates ranging from $3.41 to $3.87. Lennox International posted earnings of $2.72 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 32%. The firm is scheduled to announce its next earnings report on Monday, October 28th.
According to Zacks, analysts expect that Lennox International will report full-year earnings of $11.63 per share for the current fiscal year, with EPS estimates ranging from $11.45 to $11.90. For the next year, analysts anticipate that the business will report earnings of $12.30 per share, with EPS estimates ranging from $11.55 to $13.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Lennox International.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, July 22nd. The construction company reported $3.74 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $3.67 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis.
LII has been the subject of several research reports. Morgan Stanley dropped their price objective on shares of Lennox International from $220.00 to $210.00 and set an “underweight” rating for the company in a report on Tuesday, July 23rd. Barclays increased their price objective on shares of Lennox International from $291.00 to $293.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. ValuEngine downgraded shares of Lennox International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research increased their price objective on shares of Lennox International from $273.00 to $276.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Finally, UBS Group downgraded shares of Lennox International from a “neutral” rating to a “sell” rating and set a $235.00 price objective for the company. in a report on Friday, May 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Lennox International has a consensus rating of “Hold” and a consensus target price of $254.33.
Shares of LII traded up $1.95 during midday trading on Friday, hitting $235.00. 461,100 shares of the company traded hands, compared to its average volume of 332,574. The firm has a 50 day moving average of $253.17 and a 200-day moving average of $265.31. Lennox International has a 52 week low of $177.36 and a 52 week high of $298.49. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.04 and a beta of 0.93.
In related news, Director Paul W. Schmidt sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $256.51, for a total value of $128,255.00. Following the completion of the transaction, the director now owns 1,894 shares of the company’s stock, valued at approximately $485,829.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Torres sold 6,590 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $274.73, for a total transaction of $1,810,470.70. Following the completion of the transaction, the executive vice president now directly owns 8,174 shares of the company’s stock, valued at approximately $2,245,643.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,701 shares of company stock valued at $11,484,730. 3.40% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in LII. Geode Capital Management LLC lifted its stake in Lennox International by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 344,708 shares of the construction company’s stock worth $75,392,000 after purchasing an additional 26,780 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Lennox International in the first quarter worth about $492,000. Tocqueville Asset Management L.P. bought a new stake in Lennox International in the first quarter worth about $291,000. California Public Employees Retirement System lifted its stake in Lennox International by 6.3% in the first quarter. California Public Employees Retirement System now owns 76,990 shares of the construction company’s stock worth $20,356,000 after purchasing an additional 4,554 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Lennox International by 33.7% in the first quarter. Toronto Dominion Bank now owns 6,532 shares of the construction company’s stock worth $1,727,000 after purchasing an additional 1,647 shares during the last quarter. 71.58% 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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