Q2 2019 EPS Estimates for Lennox International Inc. (NYSE:LII) Raised by Analyst

Lennox International Inc. (NYSE:LII) – Equities research analysts at KeyCorp boosted their Q2 2019 earnings estimates for shares of Lennox International in a research note issued on Sunday, July 7th. KeyCorp analyst J. Hammond now forecasts that the construction company will post earnings per share of $4.03 for the quarter, up from their prior forecast of $4.01. KeyCorp also issued estimates for Lennox International’s Q3 2019 earnings at $3.94 EPS and FY2019 earnings at $12.35 EPS.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.29. The company had revenue of $790.30 million during the quarter, compared to the consensus estimate of $748.63 million. Lennox International had a negative return on equity of 261.35% and a net margin of 10.17%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 EPS.

Several other research analysts also recently weighed in on LII. Barclays increased their price target on Lennox International from $270.00 to $291.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Vertical Research downgraded Lennox International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Cowen increased their price target on Starbucks from $71.00 and gave the stock an “in-line” rating in a research note on Friday, June 28th. UBS Group cut their price target on VF from $97.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. upgraded M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $252.83.

LII stock opened at $284.62 on Wednesday. The company has a market cap of $11.30 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92. Lennox International has a fifty-two week low of $177.36 and a fifty-two week high of $291.17. The business’s fifty day moving average price is $276.16.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.77 dividend. The ex-dividend date is Thursday, June 27th. This represents a $3.08 annualized dividend and a yield of 1.08%. This is an increase from Lennox International’s previous quarterly dividend of $0.64. Lennox International’s dividend payout ratio (DPR) is currently 32.70%.

In other Lennox International news, Chairman Todd M. Bluedorn sold 25,181 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $271.15, for a total value of $6,827,828.15. Following the completion of the transaction, the chairman now owns 97,241 shares in the company, valued at approximately $26,366,897.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Torres sold 6,590 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $274.73, for a total value of $1,810,470.70. Following the completion of the transaction, the executive vice president now owns 8,174 shares of the company’s stock, valued at approximately $2,245,643.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,766 shares of company stock valued at $9,467,914. 3.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Argent Capital Management LLC boosted its position in shares of Lennox International by 1.6% during the 1st quarter. Argent Capital Management LLC now owns 4,608 shares of the construction company’s stock valued at $1,218,000 after acquiring an additional 71 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Lennox International by 0.5% during the 1st quarter. Mason Street Advisors LLC now owns 19,083 shares of the construction company’s stock valued at $5,046,000 after acquiring an additional 93 shares during the last quarter. Dorsey Wright & Associates boosted its position in shares of Lennox International by 9.0% during the 2nd quarter. Dorsey Wright & Associates now owns 1,354 shares of the construction company’s stock valued at $372,000 after acquiring an additional 112 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Lennox International by 0.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,051 shares of the construction company’s stock valued at $3,075,000 after acquiring an additional 126 shares during the last quarter. Finally, Aurora Investment Counsel boosted its position in shares of Lennox International by 2.3% during the 4th quarter. Aurora Investment Counsel now owns 6,216 shares of the construction company’s stock valued at $1,361,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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Earnings History and Estimates for Lennox International (NYSE:LII)

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