Brokerages Expect Lennox International Inc. (LII) Will Announce Earnings of $3.07 Per Share

Brokerages expect that Lennox International Inc. (NYSE:LII) will post earnings per share of $3.07 for the current quarter, according to Zacks. Fourteen analysts have made estimates for Lennox International’s earnings, with estimates ranging from $2.87 to $3.29. Lennox International posted earnings of $2.53 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 21.3%. The firm is scheduled to announce its next earnings results on Monday, October 22nd.

On average, analysts expect that Lennox International will report full year earnings of $9.65 per share for the current year, with EPS estimates ranging from $9.11 to $10.30. For the next fiscal year, analysts expect that the company will post earnings of $11.58 per share, with EPS estimates ranging from $11.15 to $12.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Lennox International.

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

Several brokerages recently commented on LII. Barclays raised their price objective on shares of Lennox International from $233.00 to $239.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. TheStreet upgraded shares of Lennox International from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. Wells Fargo & Co raised their price objective on shares of Lennox International from $220.00 to $230.00 and gave the company a “market perform” rating in a research note on Monday, July 9th. Seaport Global Securities cut shares of 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. Finally, ValuEngine upgraded shares of Lennox International from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $215.38.

Shares of NYSE LII traded down $3.23 during midday trading on Friday, hitting $216.72. The company had a trading volume of 933,000 shares, compared to its average volume of 323,563. The company has a quick ratio of 1.14, a current ratio of 1.86 and a debt-to-equity ratio of -7.32. Lennox International has a twelve month low of $169.52 and a twelve month high of $229.98. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, September 27th. Lennox International’s dividend payout ratio (DPR) is 32.32%.

In related news, EVP Gary S. Bedard sold 240 shares of the firm’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $220.00, for a total value of $52,800.00. Following the completion of the sale, the executive vice president now owns 19,458 shares in the company, valued at $4,280,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 243 shares of the firm’s stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $215.00, for a total transaction of $52,245.00. Following the completion of the sale, the executive vice president now owns 19,698 shares of the company’s stock, valued at approximately $4,235,070. The disclosure for this sale can be found here. Insiders sold 9,260 shares of company stock valued at $2,009,363 in the last quarter. Company insiders own 3.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Lennox International by 2.9% during the first quarter. BlackRock Inc. now owns 3,641,718 shares of the construction company’s stock worth $744,259,000 after acquiring an additional 103,287 shares during the last quarter. Northern Trust Corp raised its position in Lennox International by 1.1% during the first quarter. Northern Trust Corp now owns 337,859 shares of the construction company’s stock worth $69,048,000 after acquiring an additional 3,569 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Lennox International by 5.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,114 shares of the construction company’s stock worth $56,226,000 after acquiring an additional 15,387 shares during the last quarter. UBS Group AG raised its position in Lennox International by 10.9% during the first quarter. UBS Group AG now owns 194,360 shares of the construction company’s stock worth $39,721,000 after acquiring an additional 19,136 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Lennox International by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 191,681 shares of the construction company’s stock worth $39,174,000 after acquiring an additional 2,849 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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