Lennox International (LII) Issues Quarterly Earnings Results
Lennox International (NYSE:LII) posted its quarterly earnings results on Tuesday. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.03, Bloomberg Earnings reports. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The business had revenue of $891.80 million during the quarter, compared to analyst estimates of $906.85 million. During the same period in the prior year, the business posted $1.50 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Lennox International updated its FY18 guidance to $9.75-$10.35 EPS.
Shares of Lennox International (LII) opened at $197.83 on Wednesday. The company has a debt-to-equity ratio of 23.87, a quick ratio of 0.72 and a current ratio of 1.24. The firm has a market cap of $8,187.67, a PE ratio of 25.26, a PEG ratio of 1.07 and a beta of 1.17. Lennox International has a 1-year low of $155.81 and a 1-year high of $223.05.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.03%. Lennox International’s dividend payout ratio is currently 28.90%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after buying an additional 128,170 shares during the period. Bank of New York Mellon Corp lifted its holdings in Lennox International by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 697,173 shares of the construction company’s stock worth $124,773,000 after buying an additional 3,546 shares during the period. Schroder Investment Management Group lifted its holdings in Lennox International by 15.6% in the third quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock worth $94,805,000 after buying an additional 72,804 shares during the period. Congress Asset Management Co. MA lifted its holdings in Lennox International by 1.3% in the fourth quarter. Congress Asset Management Co. MA now owns 478,134 shares of the construction company’s stock worth $99,576,000 after buying an additional 6,090 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Lennox International by 160.0% in the third quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock worth $51,905,000 after buying an additional 178,481 shares during the period. Institutional investors and hedge funds own 68.96% of the company’s stock.
Several analysts have issued reports on LII shares. Cowen restated a “buy” rating and set a $210.00 price target on shares of Lennox International in a research report on Wednesday, November 29th. Robert W. Baird restated a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Stifel Nicolaus restated a “hold” rating and set a $207.00 price target (up from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wells Fargo & Co restated a “market perform” rating and set a $210.00 price target (up from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. Finally, UBS Group started coverage on shares of Lennox International in a report on Tuesday, January 23rd. They set a “neutral” rating and a $230.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $199.50.
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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.
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