Lennox International Inc. (LII) Expected to Announce Quarterly Sales of $907.79 Million

Brokerages expect Lennox International Inc. (NYSE:LII) to post sales of $907.79 million for the current quarter, according to Zacks. Fifteen analysts have issued estimates for Lennox International’s earnings. The lowest sales estimate is $876.70 million and the highest is $934.20 million. Lennox International posted sales of $897.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that Lennox International will report full-year sales of $907.79 million for the current financial year, with estimates ranging from $3.82 billion to $3.88 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.06 billion per share, with estimates ranging from $4.02 billion to $4.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Lennox International.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. Lennox International’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 EPS.

Several research firms have recently issued reports on LII. Morgan Stanley lifted their price target on Lennox International from $161.00 to $166.00 and gave the stock an “underweight” rating in a research report on Monday, September 25th. Cowen reaffirmed a “buy” rating and issued a $210.00 price target on shares of Lennox International in a research report on Wednesday, November 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $207.00 price target (up previously from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wolfe Research reaffirmed a “peer perform” rating on shares of Lennox International in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $210.00 price target (up previously from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Lennox International has an average rating of “Hold” and a consensus price target of $191.83.

Lennox International (NYSE LII) traded up $2.88 on Friday, hitting $213.99. The stock had a trading volume of 198,800 shares, compared to its average volume of 267,808. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 23.87. The stock has a market cap of $8,940.00, a price-to-earnings ratio of 30.14, a PEG ratio of 1.17 and a beta of 1.22. Lennox International has a 12-month low of $150.29 and a 12-month high of $214.70.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, December 28th. Lennox International’s dividend payout ratio (DPR) is 28.73%.

In other Lennox International news, EVP Douglas L. Young sold 3,759 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $192.60, for a total transaction of $723,983.40. Following the completion of the sale, the executive vice president now directly owns 57,396 shares in the company, valued at approximately $11,054,469.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Chris Kosel sold 754 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $204.37, for a total value of $154,094.98. Following the sale, the vice president now owns 810 shares of the company’s stock, valued at $165,539.70. The disclosure for this sale can be found here. In the last three months, insiders sold 40,573 shares of company stock valued at $8,194,706. 3.90% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Lennox International by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 697,173 shares of the construction company’s stock valued at $124,773,000 after purchasing an additional 3,546 shares during the period. Schroder Investment Management Group grew its stake in shares of Lennox International by 15.6% during the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock valued at $94,805,000 after purchasing an additional 72,804 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Lennox International by 160.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock valued at $51,905,000 after purchasing an additional 178,481 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of 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 valued at $27,803,000 after purchasing an additional 3,087 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

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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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