William Blair Research Analysts Lift Earnings Estimates for Lennox International, Inc. (LII)
Lennox International, Inc. (NYSE:LII) – Analysts at William Blair boosted their Q4 2017 earnings per share estimates for shares of Lennox International in a research report issued to clients and investors on Monday. William Blair analyst R. Merkel now expects that the construction company will earn $1.63 per share for the quarter, up from their prior estimate of $1.58. William Blair also issued estimates for Lennox International’s Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $3.09 EPS, Q3 2018 earnings at $2.99 EPS, Q4 2018 earnings at $1.88 EPS, FY2018 earnings at $8.90 EPS and FY2019 earnings at $9.75 EPS.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, October 16th. The construction company reported $2.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.45 by $0.08. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis.
LII has been the topic of several other reports. Wells Fargo & Company raised their price objective on Lennox International from $190.00 to $193.00 and gave the stock a “market perform” rating in a report on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and set a $171.00 price objective on shares of Lennox International in a report on Thursday, September 7th. BidaskClub downgraded Lennox International from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Cowen and Company raised their price objective on Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, June 27th. Finally, Wolfe Research restated a “peer perform” rating on shares of Lennox International in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $182.67.
Shares of Lennox International (NYSE:LII) opened at 193.43 on Tuesday. Lennox International has a 52-week low of $140.97 and a 52-week high of $196.50. The company’s 50 day moving average price is $175.29 and its 200 day moving average price is $174.45. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 27.86 and a beta of 1.15.
Several institutional investors have recently bought and sold shares of the company. Achmea Investment Management B.V. acquired a new stake in Lennox International during the 2nd quarter worth about $239,000. State Street Corp lifted its position in Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after acquiring an additional 128,170 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after acquiring an additional 28 shares during the period. Parametric Portfolio Associates LLC lifted its position in Lennox International by 5.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock worth $12,366,000 after acquiring an additional 3,580 shares during the period. Finally, California Public Employees Retirement System lifted its position in Lennox International by 2.5% during the 2nd quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock worth $27,179,000 after acquiring an additional 3,600 shares during the period. 68.38% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction on 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 completion of the sale, the chairman now owns 181,410 shares of the company’s stock, valued at approximately $30,975,757.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was 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 of the company’s stock, valued at approximately $19,272,351.60. The disclosure for this sale can be found here. Insiders sold a total of 14,216 shares of company stock valued at $2,431,048 in the last three months. Insiders own 3.60% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given 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 1.05%. Lennox International’s payout ratio 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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