Lennox International Inc. (LII) Updates FY16 Earnings Guidance
Lennox International Inc. (NYSE:LII) updated its FY16 earnings guidance on Monday. The company provided EPS guidance of $6.75-6.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.81. The company issued revenue guidance of +4-6% to ~$3.61-3.68 billion, compared to the consensus revenue estimate of $3.62 billion.
A number of research firms have commented on LII. Credit Suisse Group AG reaffirmed a hold rating on shares of Lennox International in a research report on Saturday, July 9th. Zacks Investment Research downgraded Lennox International from a buy rating to a hold rating in a report on Wednesday, June 29th. Morgan Stanley reissued a hold rating and set a $159.00 target price on shares of Lennox International in a report on Wednesday, July 20th. Susquehanna downgraded Lennox International from a positive rating to a neutral rating and dropped their target price for the stock from $172.00 to $163.00 in a report on Monday, August 15th. Finally, KeyCorp reissued a hold rating on shares of Lennox International in a report on Monday, October 10th. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $143.45.
Shares of Lennox International Inc. (NYSE:LII) opened at 157.62 on Monday. Lennox International Inc. has a one year low of $105.65 and a one year high of $164.02. The company has a market capitalization of $6.85 billion, a PE ratio of 31.19 and a beta of 1.26. The company has a 50-day moving average price of $158.88 and a 200 day moving average price of $147.17.
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Lennox International (NYSE:LII) last issued its earnings results on Monday, October 17th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.24 by $0.09. Lennox International had a return on equity of 692.11% and a net margin of 6.45%. The business earned $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $1.82 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Lennox International Inc. will post $6.78 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.72 annualized dividend and a yield of 1.09%. Lennox International’s dividend payout ratio is currently 33.86%.
In other Lennox International news, EVP David W. Moon sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $151.16, for a total value of $680,220.00. Following the sale, the executive vice president now owns 106,368 shares of the company’s stock, valued at approximately $16,078,586.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph William Reitmeier sold 10,700 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $150.93, for a total value of $1,614,951.00. Following the completion of the sale, the chief financial officer now directly owns 14,826 shares in the company, valued at approximately $2,237,688.18. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in LII. Parametric Portfolio Associates LLC boosted its stake in Lennox International by 116.4% in the second quarter. Parametric Portfolio Associates LLC now owns 132,150 shares of the company’s stock valued at $18,845,000 after buying an additional 71,069 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Lennox International by 5.4% in the second quarter. Janus Capital Management LLC now owns 140,300 shares of the company’s stock worth $20,007,000 after buying an additional 7,200 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Lennox International by 112.6% in the second quarter. Riverhead Capital Management LLC now owns 15,741 shares of the company’s stock worth $753,000 after buying an additional 8,338 shares in the last quarter. Thrivent Financial for Lutherans boosted its position 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 in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Lennox International by 3.8% in the second quarter. Lord Abbett & CO. LLC now owns 30,752 shares of the company’s stock worth $4,385,000 after buying an additional 1,119 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
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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