Wall Street brokerages predict that Lennox International (NYSE:LII) will post sales of $814.93 million for the current quarter, according to Zacks Investment Research. Fifteen analysts have made estimates for Lennox International’s earnings, with estimates ranging from $763.00 million to $834.52 million. Lennox International reported sales of $793.40 million during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The company is expected to issue its next earnings report before the market opens on Monday, April 23rd.
On average, analysts expect that Lennox International will report full-year sales of $4.02 billion for the current financial year, with estimates ranging from $3.86 billion to $4.09 billion. For the next financial year, analysts forecast that the firm will post sales of $4.21 billion per share, with estimates ranging from $4.06 billion to $4.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Lennox International.
Lennox International (NYSE:LII) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.03. The company had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. Lennox International’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS.
LII stock traded up $2.46 during mid-day trading on Friday, reaching $205.85. The company’s stock had a trading volume of 206,397 shares, compared to its average volume of 317,929. The company has a market cap of $8,182.24, a price-to-earnings ratio of 25.03, a PEG ratio of 0.98 and a beta of 1.16. The company has a current ratio of 1.74, a quick ratio of 1.00 and a debt-to-equity ratio of 19.37. Lennox International has a fifty-two week low of $160.18 and a fifty-two week high of $223.05.
Lennox International announced that its board has authorized a stock repurchase plan on Tuesday, February 6th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, April 2nd were paid a $0.51 dividend. The ex-dividend date was Thursday, March 29th. This represents a $2.04 annualized dividend and a dividend yield of 0.99%. Lennox International’s dividend payout ratio (DPR) is 25.76%.
In related news, Director Paul W. Schmidt sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $204.00, for a total transaction of $204,000.00. Following the completion of the transaction, the director now owns 2,145 shares of the company’s stock, valued at approximately $437,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Todd M. Bluedorn sold 25,058 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $209.78, for a total transaction of $5,256,667.24. Following the transaction, the chairman now directly owns 214,976 shares of the company’s stock, valued at approximately $45,097,665.28. The disclosure for this sale can be found here. In the last three months, insiders sold 50,970 shares of company stock valued at $10,541,924. Corporate insiders own 3.90% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Schroder Investment Management Group boosted its position in shares of Lennox International by 13.4% during the 4th quarter. Schroder Investment Management Group now owns 611,299 shares of the construction company’s stock worth $127,309,000 after purchasing an additional 72,384 shares during the period. Congress Asset Management Co. MA boosted its position in shares of Lennox International by 1.3% during the 4th quarter. Congress Asset Management Co. MA now owns 478,134 shares of the construction company’s stock worth $99,576,000 after purchasing an additional 6,090 shares during the period. Geode Capital Management LLC boosted its position in shares of Lennox International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 300,812 shares of the construction company’s stock worth $62,605,000 after purchasing an additional 3,549 shares during the period. Fred Alger Management Inc. boosted its position in shares of Lennox International by 64.1% during the 4th quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock worth $39,399,000 after purchasing an additional 73,865 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Lennox International by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 151,538 shares of the construction company’s stock worth $31,559,000 after purchasing an additional 4,936 shares during the period. 69.87% of the stock is owned by hedge funds and other institutional investors.
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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