Analysts Expect Lennox International Inc. (LII) Will Announce Quarterly Sales of $1.08 Billion
Wall Street brokerages predict that Lennox International Inc. (NYSE:LII) will report sales of $1.08 billion for the current fiscal quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for Lennox International’s earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.1 billion. Lennox International reported sales of $1.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings results on Monday, July 17th.
On average, analysts expect that Lennox International will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $3.79 billion to $3.88 billion. For the next financial year, analysts expect that the business will report sales of $3.99 billion per share, with estimates ranging from $3.83 billion to $4.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Lennox International.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, April 24th. The construction company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.13. The company had revenue of $793.40 million during the quarter, compared to analysts’ expectations of $746.37 million. Lennox International had a return on equity of 6,021.68% and a net margin of 7.63%. Lennox International’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS.
A number of equities research analysts have weighed in on LII shares. TheStreet raised Lennox International from a “c+” rating to a “b-” rating in a report on Wednesday, May 17th. Stifel Nicolaus lifted their price objective on Lennox International from $171.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Lennox International has an average rating of “Hold” and an average price target of $167.20.
Lennox International (NYSE:LII) opened at 175.09 on Friday. The firm has a market cap of $7.47 billion, a PE ratio of 25.79 and a beta of 1.10. Lennox International has a 12-month low of $132.74 and a 12-month high of $177.41. The company has a 50-day moving average price of $169.10 and a 200-day moving average price of $161.40.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Lennox International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, June 28th. Lennox International’s dividend payout ratio (DPR) is presently 27.17%.
In other news, insider Terry L. Johnston sold 5,444 shares of Lennox International stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $168.01, for a total transaction of $914,646.44. Following the completion of the sale, the insider now directly owns 21,784 shares in the company, valued at approximately $3,659,929.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 28,413 shares of Lennox International stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $171.99, for a total transaction of $4,886,751.87. Following the sale, the chairman now owns 202,783 shares of the company’s stock, valued at $34,876,648.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,791 shares of company stock valued at $9,511,013. Insiders own 3.90% of the company’s stock.
Large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its stake in Lennox International by 19.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 620 shares of the construction company’s stock worth $103,000 after buying an additional 101 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Lennox International during the fourth quarter worth about $232,000. Elkfork Partners LLC bought a new stake in Lennox International during the fourth quarter worth about $343,000. Genesee Valley Trust Co. increased its stake in Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock worth $376,000 after buying an additional 24 shares during the last quarter. Finally, Argent Capital Management LLC increased its stake in Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock worth $436,000 after buying an additional 60 shares during the last quarter. Institutional investors own 68.82% of the company’s stock.
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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