Lennox International, Inc. to Post FY2017 Earnings of $7.95 Per Share, KeyCorp Forecasts (LII)
Lennox International, Inc. (NYSE:LII) – Analysts at KeyCorp boosted their FY2017 earnings estimates for shares of Lennox International in a report issued on Monday. KeyCorp analyst J. Hammond now expects that the construction company will earn $7.95 per share for the year, up from their previous estimate of $7.90.
Lennox International (NYSE:LII) last posted its earnings results on Monday, October 23rd. The construction company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year.
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Several other equities research analysts have also recently weighed in on LII. Wells Fargo & Company reissued a “market perform” rating and issued a $190.00 price objective (up from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Wolfe Research started coverage on Lennox International in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. BidaskClub cut Lennox International from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Cowen and Company reissued a “buy” rating on shares of Lennox International in a research report on Monday, July 24th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $161.00 price objective (down from $164.00) on shares of Lennox International in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $183.17.
Shares of Lennox International (NYSE:LII) opened at 193.34 on Thursday. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 27.85 and a beta of 1.15. Lennox International has a 52 week low of $140.97 and a 52 week high of $201.40. The company has a 50 day moving average of $176.64 and a 200-day moving average of $174.81.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.04 annualized dividend and a yield of 1.06%. Lennox International’s dividend payout ratio is currently 28.90%.
In other Lennox International news, EVP David W. Moon sold 2,350 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total transaction of $402,907.50. Following the completion of the transaction, the executive vice president now directly owns 112,408 shares in the company, valued at $19,272,351.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chris Kosel sold 357 shares of the stock in a transaction 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 transaction, the vice president now owns 1,379 shares of the company’s stock, valued at $239,270.29. The disclosure for this sale can be found here. Insiders have sold 14,966 shares of company stock valued at $2,576,143 over the last quarter. Corporate insiders own 3.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Lennox International during the second quarter worth $20,855,000. Congress Asset Management Co. MA raised its stake in Lennox International by 7.6% during the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock worth $82,332,000 after acquiring an additional 31,840 shares in the last quarter. Schroder Investment Management Group raised its stake in Lennox International by 0.5% during the second quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock worth $85,504,000 after acquiring an additional 2,333 shares in the last quarter. Tredje AP fonden acquired a new position in Lennox International during the second quarter worth $1,208,000. Finally, Nationwide Fund Advisors raised its stake in Lennox International by 3.2% during the second quarter. Nationwide Fund Advisors now owns 106,322 shares of the construction company’s stock worth $19,525,000 after acquiring an additional 3,286 shares in the last quarter. Hedge funds and other institutional investors own 68.38% of the company’s stock.
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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