Lennox International, Inc. (LII) Releases Earnings Results
Lennox International, Inc. (NYSE:LII) issued its quarterly earnings data on Monday. The construction company reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.09, Bloomberg Earnings reports. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Lennox International updated its FY17 guidance to $7.75-8.05 EPS.
Lennox International (LII) traded up 1.62% during mid-day trading on Tuesday, hitting $196.57. 792,856 shares of the stock were exchanged. Lennox International has a one year low of $140.97 and a one year high of $201.40. The company has a market cap of $8.29 billion, a P/E ratio of 28.32 and a beta of 1.15. The company has a 50-day moving average price of $175.88 and a 200-day moving average price of $174.68.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.04%. Lennox International’s dividend payout ratio is currently 29.35%.
A number of brokerages have weighed in on LII. Stifel Nicolaus upped their price objective on shares of Lennox International from $187.00 to $192.00 and gave the stock a “hold” rating in a research report on Tuesday. Credit Suisse Group reiterated a “neutral” rating and issued a $180.00 price objective (up previously from $171.00) on shares of Lennox International in a research report on Tuesday. Morgan Stanley upped their price objective on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday. Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a research report on Tuesday. Finally, Cowen and Company upped their price objective on shares of Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Lennox International presently has an average rating of “Hold” and a consensus target price of $183.17.
In related news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the completion of the sale, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $173.51, for a total transaction of $61,943.07. Following the completion of the sale, the vice president now owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The disclosure for this sale can be found here. Insiders sold 14,216 shares of company stock valued at $2,431,048 in the last quarter. Company insiders own 3.60% of the company’s stock.
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Lennox International Company Profile
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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