Analysts expect Lennox International, Inc. (NYSE:LII) to post $1.06 billion in sales for the current fiscal quarter, Zacks reports. Thirteen analysts have made estimates for Lennox International’s earnings, with estimates ranging from $1.03 billion to $1.07 billion. Lennox International reported sales of $1.01 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5%. The firm is expected to issue its next quarterly earnings report on Monday, October 16th.

On average, analysts expect that Lennox International will report full year sales of $1.06 billion for the current financial year, with estimates ranging from $3.82 billion to $3.89 billion. For the next year, analysts forecast that the business will post sales of $4.03 billion per share, with estimates ranging from $3.96 billion to $4.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lennox International.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $2.53 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year.

Several research analysts have recently commented on the company. BidaskClub downgraded Lennox International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and issued a $161.00 price objective (down previously from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Wolfe Research assumed coverage on Lennox International in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, UBS AG raised their price objective on Lennox International from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $176.71.

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In related news, Chairman Todd M. Bluedorn sold 11,387 shares of Lennox International stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the sale, the chairman now owns 181,410 shares of the company’s stock, valued at approximately $30,975,757.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David W. Moon sold 2,350 shares of Lennox International stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total value of $402,907.50. Following the sale, the executive vice president now directly owns 112,408 shares in the company, valued at approximately $19,272,351.60. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its position in Lennox International by 14.1% in the first quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock valued at $456,000 after buying an additional 336 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Lennox International by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 107,774 shares of the construction company’s stock valued at $18,032,000 after buying an additional 4,861 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Lennox International by 7.6% in the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock valued at $82,332,000 after buying an additional 31,840 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Lennox International by 37.2% in the first quarter. UBS Asset Management Americas Inc. now owns 27,461 shares of the construction company’s stock valued at $4,594,000 after buying an additional 7,444 shares in the last quarter. Finally, American International Group Inc. boosted its position in Lennox International by 3.5% in the first quarter. American International Group Inc. now owns 77,221 shares of the construction company’s stock valued at $12,919,000 after buying an additional 2,644 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.

Shares of Lennox International (NYSE LII) opened at 172.28 on Monday. The company has a 50-day moving average price of $182.86 and a 200-day moving average price of $170.96. The company has a market capitalization of $7.27 billion, a PE ratio of 24.82 and a beta of 1.14. Lennox International has a 52 week low of $140.97 and a 52 week high of $192.58.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, June 28th. This is an increase from Lennox International’s previous quarterly dividend of $0.43. Lennox International’s dividend payout ratio (DPR) is 29.35%.

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.

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Earnings History and Estimates for Lennox International (NYSE:LII)

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