Lennox International (LII) Issues FY18 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $9.75-10.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.16. The company issued revenue guidance of +3-7% YoY to $3.95-4.11 billion, compared to the consensus revenue estimate of $4.05 billion.

Shares of Lennox International (NYSE:LII) opened at $212.24 on Wednesday. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The stock has a market capitalization of $8,713.83, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. Lennox International has a twelve month low of $160.18 and a twelve month high of $223.05.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.03. The firm had revenue of $891.80 million for the quarter, compared to the consensus estimate of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS. equities analysts expect that Lennox International will post 10.17 earnings per share for the current year.

Lennox International announced that its board has initiated a stock buyback program on Wednesday, December 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

LII has been the topic of several recent analyst reports. UBS Group initiated coverage on Lennox International in a report on Tuesday, January 23rd. They set a neutral rating and a $230.00 price objective on the stock. Stifel Nicolaus reiterated a hold rating and issued a $198.00 target price on shares of Lennox International in a report on Friday, January 19th. Wells Fargo & Co reiterated a market perform rating and issued a $210.00 target price (up previously from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. Robert W. Baird dropped their target price on Lennox International from $232.00 to $228.00 and set an outperform rating on the stock in a report on Wednesday, February 7th. Finally, Cowen reiterated a buy rating and issued a $210.00 target price on shares of Lennox International in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $205.38.

In other news, EVP John D. Torres sold 4,406 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $196.01, for a total value of $863,620.06. Following the transaction, the executive vice president now owns 6,254 shares in the company, valued at approximately $1,225,846.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $210.95, for a total value of $2,721,465.95. Following the completion of the transaction, the chairman now owns 183,360 shares in the company, valued at approximately $38,679,792. The disclosure for this sale can be found here. Insiders sold a total of 19,496 shares of company stock worth $4,031,499 in the last quarter. 3.60% of the stock is owned by corporate insiders.

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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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