Lennox International (LII) Announces Quarterly Earnings Results

Lennox International (NYSE:LII) issued its quarterly earnings data on Monday. The construction company reported $2.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.92 by ($0.20), Briefing.com reports. Lennox International had a negative return on equity of 750.65% and a net margin of 8.15%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business posted $2.53 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Lennox International updated its FY18 guidance to $8.70-9.10 EPS.

Shares of NYSE:LII opened at $193.12 on Monday. The stock has a market capitalization of $7.77 billion, a PE ratio of 24.38, a PEG ratio of 1.09 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.14 and a debt-to-equity ratio of -7.32. Lennox International has a fifty-two week low of $178.12 and a fifty-two week high of $229.98.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, September 27th. Lennox International’s payout ratio is 32.32%.

Several research analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Lennox International in a research report on Friday, October 12th. They set an “outperform” rating and a $229.00 price objective on the stock. ValuEngine downgraded shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. UBS Group raised their price objective on shares of Lennox International from $217.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Morgan Stanley assumed coverage on shares of Lennox International in a research report on Monday, August 20th. They set an “underweight” rating and a $201.00 price objective on the stock. Finally, Barclays raised their price objective on shares of Lennox International from $233.00 to $239.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $221.50.

In related news, Chairman Todd M. Bluedorn sold 8,435 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $216.64, for a total transaction of $1,827,358.40. Following the sale, the chairman now owns 139,228 shares of the company’s stock, valued at $30,162,353.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gary S. Bedard sold 340 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $225.00, for a total transaction of $76,500.00. Following the sale, the executive vice president now directly owns 19,118 shares in the company, valued at approximately $4,301,550. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,777 shares of company stock worth $1,904,318. Insiders own 3.90% of the company’s stock.

About Lennox International

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 for Lennox International (NYSE:LII)

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