KeyCorp Weighs in on Lennox International Inc.’s FY2019 Earnings (LII)

Lennox International Inc. (NYSE:LII) – KeyCorp issued their FY2019 earnings estimates for Lennox International in a research note issued on Tuesday. KeyCorp analyst J. Hammond anticipates that the construction company will post earnings per share of $11.50 for the year.

Other equities analysts have also recently issued reports about the stock. Cowen reaffirmed a “buy” rating and set a $210.00 price objective on shares of Lennox International in a research report on Wednesday, November 29th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $207.00 price objective (up from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $210.00 price objective (up 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. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $180.00 price objective (up from $171.00) on shares of Lennox International in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Lennox International presently has a consensus rating of “Hold” and a consensus target price of $201.43.

Lennox International (NYSE LII) traded down $7.94 during mid-day trading on Thursday, reaching $193.04. 336,406 shares of the company’s stock were exchanged, compared to its average volume of 292,037. The company has a debt-to-equity ratio of 19.37, a quick ratio of 0.72 and a current ratio of 1.74. Lennox International has a 1 year low of $157.37 and a 1 year high of $223.05. The company has a market capitalization of $8,264.12, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.08 and a beta of 1.17.

Lennox International (NYSE:LII) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The firm had revenue of $891.80 million during the quarter, compared to analysts’ expectations of $906.85 million. During the same period in the previous year, the business posted $1.50 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year.

Lennox International declared that its board has initiated a stock buyback plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, December 28th. Lennox International’s dividend payout ratio (DPR) is presently 28.53%.

In other Lennox International news, insider Gary S. Bedard sold 369 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $204.47, for a total transaction of $75,449.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $210.95, for a total value of $2,721,465.95. Following the transaction, the chairman now directly owns 183,360 shares of the company’s stock, valued at approximately $38,679,792. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,484 shares of company stock valued at $5,662,461. 3.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LII. Ameriprise Financial Inc. raised its stake in Lennox International by 160.0% during the third quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock worth $51,905,000 after acquiring an additional 178,481 shares in the last quarter. State Street Corp increased its stake in shares of Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after buying an additional 128,170 shares during the period. Schroder Investment Management Group increased its stake in shares of Lennox International by 15.6% in the third quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock valued at $94,805,000 after buying an additional 72,804 shares during the period. Impax Asset Management LTD acquired a new position in shares of Lennox International in the third quarter valued at approximately $9,034,000. Finally, New York State Common Retirement Fund increased its stake in shares of Lennox International by 49.3% in the third quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock valued at $23,839,000 after buying an additional 44,000 shares during the period. 68.96% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Lennox International (NYSE:LII)

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