Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Lennox International (LII) Share Price
Media headlines about Lennox International (NYSE:LII) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lennox International earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.7845733054296 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- What’s Going Wrong With the HVAC Sector? – Motley Fool (fool.com)
- Oversold Conditions For Lennox International (LII) – Nasdaq (nasdaq.com)
- Edited Transcript of LII earnings conference call or presentation 24-Jul-17 1:30pm GMT (finance.yahoo.com)
- Lennox International (LII) Given Daily News Sentiment Score of 0.22 (footballhebdo.com)
- Norges Bank Adjusts Its Holdings in Lennox International, Inc. (LII) (elcumanes.com)
A number of analysts have commented on the stock. BidaskClub lowered shares of Lennox International from a “sell” rating to a “strong sell” rating in a research note on Monday. UBS AG upped their price objective on shares of Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and set a $161.00 price objective (down from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Lennox International in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Lennox International presently has an average rating of “Hold” and a consensus price target of $179.00.
Lennox International (LII) traded down 0.26% during mid-day trading on Wednesday, hitting $167.48. 239,464 shares of the stock were exchanged. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The firm has a 50-day moving average price of $177.27 and a 200-day moving average price of $172.02. The stock has a market capitalization of $7.06 billion, a P/E ratio of 24.13 and a beta of 1.14.
Lennox International (NYSE:LII) last posted its earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.53 EPS. Equities analysts predict that Lennox International will post $8.02 earnings per share for the current fiscal year.
In related news, VP Chris Kosel sold 357 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the transaction, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the completion of the transaction, the chairman now owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The disclosure for this sale can be found here. Insiders sold a total of 14,094 shares of company stock valued at $2,409,181 over the last quarter. 3.60% of the stock is owned by insiders.
Lennox International Company Profile
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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