$817.93 Million in Sales Expected for Lennox International (LII) This Quarter

Analysts expect Lennox International (NYSE:LII) to post $817.93 million in sales for the current fiscal quarter, Zacks reports. Fifteen analysts have made estimates for Lennox International’s earnings, with estimates ranging from $783.50 million to $834.52 million. Lennox International reported sales of $793.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The business is scheduled to report its next earnings results on Monday, April 23rd.

On average, analysts expect that Lennox International will report full year sales of $817.93 million for the current financial year, with estimates ranging from $3.87 billion to $4.09 billion. For the next financial year, analysts expect that the firm will report sales of $4.22 billion per share, with estimates ranging from $4.06 billion to $4.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Lennox International.

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Lennox International (NYSE:LII) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The firm had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $906.85 million. During the same quarter in the prior year, the business earned $1.50 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis.



Several equities analysts have recently weighed in on LII shares. Barclays started coverage on shares of Lennox International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $233.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $207.00 price objective (up previously from $193.00) on shares of Lennox International in a research note on Monday, December 11th. Wells Fargo reiterated a “market perform” rating and issued a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. UBS started coverage on shares of Lennox International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price objective on the stock. Finally, Robert W. Baird lowered their price objective on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Lennox International currently has an average rating of “Hold” and an average price target of $207.88.

Shares of NYSE:LII traded down $4.35 during trading on Wednesday, hitting $200.02. The company’s stock had a trading volume of 574,528 shares, compared to its average volume of 319,096. Lennox International has a 12 month low of $160.18 and a 12 month high of $223.05. The company has a quick ratio of 1.00, a current ratio of 1.74 and a debt-to-equity ratio of 19.37. The stock has a market capitalization of $8,415.30, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.16.

Lennox International announced that its board has approved a share repurchase program on Wednesday, December 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 29th. Lennox International’s payout ratio is 25.76%.

In other Lennox International news, EVP Terry L. Johnston sold 3,651 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $211.27, for a total transaction of $771,346.77. Following the sale, the executive vice president now owns 25,893 shares in the company, valued at approximately $5,470,414.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel M. Sessa sold 6,150 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $206.15, for a total transaction of $1,267,822.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,871 shares of company stock worth $13,263,390. 3.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Partners LLC bought a new stake in Lennox International during the 4th quarter worth approximately $216,000. We Are One Seven LLC bought a new stake in Lennox International during the 4th quarter worth approximately $409,000. Toronto Dominion Bank raised its stake in Lennox International by 37.9% during the 4th quarter. Toronto Dominion Bank now owns 2,237 shares of the construction company’s stock worth $466,000 after acquiring an additional 615 shares during the period. Paloma Partners Management Co bought a new stake in Lennox International during the 4th quarter worth approximately $577,000. Finally, Price Capital Management Inc. bought a new stake in shares of Lennox International during the fourth quarter valued at approximately $638,000. Institutional investors own 69.84% of the company’s stock.

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Lennox International Company Profile

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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