Analysts Set Expectations for Lennox International Inc.’s Q3 2016 Earnings (LII)
Lennox International Inc. (NYSE:LII) – Equities research analysts at KeyCorp lifted their Q3 2016 earnings per share (EPS) estimates for Lennox International in a report released on Wednesday. KeyCorp analyst J. Hammond now forecasts that the brokerage will earn $2.33 per share for the quarter, up from their prior forecast of $2.22. KeyCorp also issued estimates for Lennox International’s FY2016 earnings at $6.90 EPS.
Lennox International (NYSE:LII) last issued its earnings results on Monday, July 18th. The company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.18. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. Lennox International’s quarterly revenue was up 2.7% compared to the same quarter last year.
Several other equities analysts have also recently issued reports on the stock. Wells Fargo & Co. reissued a “hold” rating on shares of Lennox International in a research note on Wednesday, August 31st. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $172.00 to $163.00 in a research note on Monday, August 15th. Zacks Investment Research cut shares of Lennox International from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Morgan Stanley reissued a “hold” rating and issued a $159.00 price objective on shares of Lennox International in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Lennox International in a research note on Saturday, July 9th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Lennox International currently has an average rating of “Hold” and an average target price of $143.45.
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Shares of Lennox International (NYSE:LII) traded down 1.03% during trading on Friday, reaching $160.71. 79,559 shares of the company’s stock were exchanged. Lennox International has a 52 week low of $105.65 and a 52 week high of $164.02. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 31.80 and a beta of 1.26. The stock has a 50 day moving average price of $158.59 and a 200-day moving average price of $146.11.
A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Lennox International by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 17,573 shares of the company’s stock worth $2,506,000 after buying an additional 93 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Lennox International by 0.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 38,162 shares of the company’s stock worth $5,442,000 after buying an additional 232 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Lennox International by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,379 shares of the company’s stock worth $1,908,000 after buying an additional 323 shares during the period. Copper Rock Capital Partners LLC boosted its stake in shares of Lennox International by 14.7% in the third quarter. Copper Rock Capital Partners LLC now owns 3,012 shares of the company’s stock worth $470,000 after buying an additional 387 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Lennox International by 8.2% in the second quarter. Thrivent Financial for Lutherans now owns 5,520 shares of the company’s stock worth $787,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 68.70% of the company’s stock.
In other Lennox International news, insider Terry L. Johnston sold 2,113 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $156.35, for a total value of $330,367.55. Following the sale, the insider now directly owns 19,228 shares in the company, valued at $3,006,297.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Todd M. Bluedorn sold 29,552 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $153.53, for a total value of $4,537,118.56. Following the completion of the sale, the chairman now owns 236,733 shares in the company, valued at $36,345,617.49. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, September 28th. Lennox International’s dividend payout ratio is presently 33.86%.
Lennox International Company Profile
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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