Lennox International, Inc. (LII) Issues FY17 Earnings Guidance
Lennox International, Inc. (NYSE:LII) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $7.75-8.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.84. The company issued revenue guidance of +4-7% to ~$3.79-3.90 billion, compared to the consensus revenue estimate of $3.84 billion.
Several research analysts recently weighed in on the company. BidaskClub lowered Lennox International from a sell rating to a strong sell rating in a research report on Monday, August 14th. Stifel Nicolaus reissued a hold rating and set a $187.00 price target on shares of Lennox International in a research report on Thursday, October 12th. Morgan Stanley reissued an underweight rating and set a $161.00 price target (down from $164.00) on shares of Lennox International in a research report on Tuesday, July 25th. Wolfe Research assumed coverage on Lennox International in a research report on Tuesday, July 11th. They set a market perform rating on the stock. Finally, Cleveland Research assumed coverage on Lennox International in a research report on Tuesday, October 3rd. They set a neutral rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Lennox International currently has a consensus rating of Hold and an average target price of $184.20.
Lennox International, Inc. (NYSE LII) opened at 180.30 on Monday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 25.97 and a beta of 1.15. Lennox International, Inc. has a 12 month low of $140.97 and a 12 month high of $192.58. The firm has a 50-day moving average price of $174.51 and a 200 day moving average price of $174.11.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 earnings per share. On average, equities analysts forecast that Lennox International, Inc. will post $7.85 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.51 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. Lennox International’s dividend payout ratio (DPR) is 29.35%.
In related news, VP Chris Kosel sold 357 shares of Lennox International stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the sale, the vice president now owns 1,379 shares of the company’s stock, valued at $239,270.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David W. Moon sold 2,350 shares of Lennox International stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total value of $402,907.50. Following the completion of 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. Over the last 90 days, insiders sold 14,216 shares of company stock worth $2,431,048. Corporate insiders own 3.90% of the company’s stock.
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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