FY2017 Earnings Estimate for Lennox International, Inc. (LII) Issued By William Blair
Lennox International, Inc. (NYSE:LII) – William Blair lowered their FY2017 earnings per share estimates for Lennox International in a research note issued on Monday. William Blair analyst R. Merkel now expects that the construction company will post earnings per share of $7.61 for the year, down from their prior estimate of $7.98.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 earnings per share.
TRADEMARK VIOLATION WARNING: “FY2017 Earnings Estimate for Lennox International, Inc. (LII) Issued By William Blair” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/04/fy2017-earnings-estimate-for-lennox-international-inc-lii-issued-by-william-blair.html.
A number of other research firms have also recently commented on LII. Stifel Nicolaus reissued a “hold” rating and set a $171.00 price target on shares of Lennox International in a report on Thursday, September 7th. BidaskClub lowered Lennox International from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Cowen and Company lifted their target price on Lennox International from $172.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, June 27th. UBS AG lifted their target price on Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $190.00 target price (up previously from $162.50) on shares of Lennox International in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $178.33.
Shares of Lennox International (NYSE:LII) opened at 180.12 on Wednesday. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The stock’s 50 day moving average is $168.07 and its 200 day moving average is $173.03. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 25.95 and a beta of 1.15.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.13%. Lennox International’s dividend payout ratio is currently 29.35%.
In other news, VP Chris Kosel sold 357 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $173.51, for a total transaction of $61,943.07. Following the sale, the vice president now directly owns 1,379 shares in the company, valued at $239,270.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total value of $1,944,330.25. Following the sale, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,094 shares of company stock valued at $2,409,181. Insiders own 3.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after buying an additional 128,170 shares during the last quarter. Schroder Investment Management Group boosted its position in Lennox International by 0.5% during the 2nd quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock worth $85,504,000 after buying an additional 2,333 shares during the period. Congress Asset Management Co. MA boosted its position in Lennox International by 7.6% during the 2nd quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock worth $82,332,000 after buying an additional 31,840 shares during the period. Geode Capital Management LLC boosted its position in Lennox International by 9.1% during the 1st quarter. Geode Capital Management LLC now owns 288,838 shares of the construction company’s stock worth $48,322,000 after buying an additional 23,973 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in Lennox International by 2.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 151,399 shares of the construction company’s stock worth $27,803,000 after buying an additional 3,087 shares during the period. 68.33% of the stock is owned by institutional investors.
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.