Lennox International, Inc. (NYSE:LII) Releases FY17 Earnings Guidance
Lennox International, Inc. (NYSE:LII) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $7.75-8.15 for the period, compared to the Thomson Reuters consensus estimate of $7.95. The company issued revenue guidance of $3.79-3.90 billion, compared to the consensus revenue estimate of $3.84 billion.
A number of research firms recently weighed in on LII. Wolfe Research began coverage on shares of Lennox International in a report on Tuesday, July 11th. They set a market perform rating for the company. BidaskClub lowered shares of Lennox International from a buy rating to a hold rating in a report on Sunday, July 16th. TheStreet lowered shares of Lennox International from a b rating to a c+ rating in a report on Friday, April 28th. Wells Fargo & Company reaffirmed a market perform rating and set a $190.00 price target (up from $162.50) on shares of Lennox International in a report on Friday, July 7th. Finally, Cowen and Company increased their price objective on shares of Lennox International from $172.00 to $200.00 and gave the company a buy rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $173.14.
Lennox International, Inc. (NYSE:LII) opened at 182.41 on Monday. The stock has a 50 day moving average of $184.15 and a 200-day moving average of $169.57. Lennox International, Inc. has a 52-week low of $140.97 and a 52-week high of $192.58. The company has a market capitalization of $7.78 billion, a P/E ratio of 26.87 and a beta of 1.15.
Lennox International (NYSE:LII) last issued its earnings results on Monday, April 24th. The construction company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.13. Lennox International had a net margin of 7.97% and a return on equity of 1,371.49%. The company had revenue of $793.40 million for the quarter, compared to the consensus estimate of $746.37 million. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Lennox International, Inc. will post $7.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.51 per share. This is an increase from Lennox International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.04 annualized dividend and a yield of 1.12%. Lennox International’s dividend payout ratio is 30.13%.
In other news, Director Max H. Mitchell acquired 600 shares of the company’s stock in a transaction on Friday, April 28th. The stock was purchased at an average cost of $168.30 per share, with a total value of $100,980.00. Following the acquisition, the director now owns 739 shares of the company’s stock, valued at approximately $124,373.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Norris III sold 1,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $167.66, for a total value of $167,660.00. Following the sale, the director now directly owns 50,001 shares of the company’s stock, valued at $8,383,167.66. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/24/lennox-international-inc-nyselii-releases-fy17-earnings-guidance.html.
About Lennox International
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.
Receive News & Ratings for Lennox International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.