$1.07 Billion in Sales Expected for Lennox International Inc. (LII) This Quarter

Equities research analysts predict that Lennox International Inc. (NYSE:LII) will announce $1.07 billion in sales for the current quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for Lennox International’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.05 billion. Lennox International posted sales of $1.05 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The business is scheduled to report its next quarterly earnings report on Monday, October 22nd.

On average, analysts expect that Lennox International will report full-year sales of $3.88 billion for the current financial year, with estimates ranging from $3.82 billion to $3.95 billion. For the next year, analysts forecast that the business will post sales of $4.12 billion per share, with estimates ranging from $4.04 billion to $4.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Lennox International.

Lennox International (NYSE:LII) last released its earnings results on Monday, July 23rd. The construction company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.11. Lennox International had a negative return on equity of 750.65% and a net margin of 8.15%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $2.83 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis.

LII has been the subject of several recent analyst reports. TheStreet upgraded Lennox International from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. ValuEngine upgraded Lennox International from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Wells Fargo & Co upped their target price on Lennox International from $220.00 to $230.00 and gave the stock a “market perform” rating in a research note on Monday, July 9th. UBS Group upped their target price on Lennox International from $217.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Finally, Seaport Global Securities cut Lennox International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $215.38.

NYSE LII traded down $3.23 on Friday, hitting $216.72. 933,000 shares of the company’s stock were exchanged, compared to its average volume of 323,563. The company has a debt-to-equity ratio of -7.32, a current ratio of 1.86 and a quick ratio of 1.14. Lennox International has a 52 week low of $169.52 and a 52 week high of $229.98. The stock has a market capitalization of $8.88 billion, a PE ratio of 28.04, a PEG ratio of 1.25 and a beta of 1.16.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, September 27th. Lennox International’s payout ratio is 32.32%.

In other news, EVP Gary S. Bedard sold 243 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $215.00, for a total value of $52,245.00. Following the completion of the transaction, the executive vice president now directly owns 19,698 shares in the company, valued at approximately $4,235,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary S. Bedard sold 340 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $225.00, for a total value of $76,500.00. Following the completion of the transaction, the executive vice president now owns 19,118 shares of the company’s stock, valued at $4,301,550. The disclosure for this sale can be found here. Insiders sold a total of 9,260 shares of company stock valued at $2,009,363 over the last quarter. 3.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System raised its position in Lennox International by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 25,771 shares of the construction company’s stock worth $5,158,000 after purchasing an additional 311 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Lennox International by 4.1% during the 1st quarter. Thrivent Financial for Lutherans now owns 8,530 shares of the construction company’s stock worth $1,743,000 after purchasing an additional 333 shares during the last quarter. Toronto Dominion Bank raised its position in Lennox International by 15.0% during the 1st quarter. Toronto Dominion Bank now owns 2,573 shares of the construction company’s stock worth $526,000 after purchasing an additional 336 shares during the last quarter. Mason Street Advisors LLC raised its position in Lennox International by 1.9% during the 1st quarter. Mason Street Advisors LLC now owns 18,883 shares of the construction company’s stock worth $3,859,000 after purchasing an additional 360 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Lennox International by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,826 shares of the construction company’s stock worth $2,967,000 after purchasing an additional 420 shares during the last quarter. Institutional investors own 68.40% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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

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