Lennox International, Inc. (NYSE:LII) Expected to Post Quarterly Sales of $1.06 Billion
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.
ILLEGAL ACTIVITY NOTICE: “Lennox International, Inc. (NYSE:LII) Expected to Post Quarterly Sales of $1.06 Billion” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/07/lennox-international-inc-nyselii-expected-to-post-quarterly-sales-of-1-06-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.