Lennox International (LII) Releases FY18 Earnings Guidance
Lennox International (NYSE:LII) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $8.65-9.25 for the period, compared to the Thomson Reuters consensus estimate of $9.13. The company issued revenue guidance of +3-7% vs. +5.7% consensus, compared to the consensus revenue estimate of $4.08 billion.Lennox International also updated its FY17 guidance to $7.75-8.05 EPS.
Shares of Lennox International (LII) opened at $206.68 on Wednesday. The stock has a market capitalization of $8,626.30, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.31 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 23.87. Lennox International has a 12-month low of $147.54 and a 12-month high of $213.78.
Lennox International (NYSE:LII) last announced its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 earnings per share. equities analysts forecast that Lennox International will post 7.92 EPS for the current fiscal year.
LII has been the subject of several research reports. Credit Suisse Group reissued a neutral rating and issued a $180.00 price objective (up from $171.00) on shares of Lennox International in a research report on Tuesday, October 24th. Wolfe Research reissued a peer perform rating on shares of Lennox International in a research report on Tuesday, October 3rd. Morgan Stanley upped their target price on Lennox International from $161.00 to $166.00 and gave the company an underweight rating in a research note on Monday, September 25th. Stifel Nicolaus restated a hold rating and issued a $171.00 target price on shares of Lennox International in a research note on Thursday, September 7th. Finally, Wells Fargo & Company upped their target price on Lennox International from $190.00 to $193.00 and gave the company a market perform rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Lennox International has an average rating of Hold and an average price target of $186.67.
In related news, EVP Prakash Bedapudi sold 3,201 shares of Lennox International stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $196.25, for a total value of $628,196.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary S. Bedard sold 369 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $204.47, for a total value of $75,449.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,781 shares of company stock worth $3,257,758. 3.60% of the stock is currently owned by insiders.
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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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