Analysts Anticipate Lennox International Inc. (NYSE:LII) Will Post Earnings of $3.59 Per Share

Wall Street analysts forecast that Lennox International Inc. (NYSE:LII) will post earnings per share of $3.59 for the current quarter, Zacks reports. Eighteen analysts have made estimates for Lennox International’s earnings, with the highest EPS estimate coming in at $3.87 and the lowest estimate coming in at $3.41. Lennox International posted earnings of $2.72 per share during the same quarter last year, which suggests a positive year over year growth rate of 32%. The firm is scheduled to report its next earnings report on Monday, October 28th.

According to Zacks, analysts expect that Lennox International will report full year earnings of $11.63 per share for the current year, with EPS estimates ranging from $11.45 to $11.90. For the next fiscal year, analysts forecast that the firm will post earnings of $12.30 per share, with EPS estimates ranging from $11.55 to $13.00. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Lennox International.

Lennox International (NYSE:LII) last issued its earnings results on Monday, July 22nd. The construction company reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.41). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Lennox International had a negative return on equity of 244.79% and a net margin of 9.66%. Lennox International’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.67 EPS.

A number of equities analysts recently commented on the stock. UBS Group cut shares of Lennox International from a “neutral” rating to a “sell” rating and set a $235.00 target price on the stock. in a research report on Friday, May 24th. Deutsche Bank lifted their target price on shares of Lennox International from $256.00 to $270.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Morgan Stanley decreased their target price on shares of Lennox International from $220.00 to $210.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 23rd. Barclays lifted their target price on shares of Lennox International from $291.00 to $293.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Cowen reiterated a “hold” rating and issued a $270.00 target price on shares of Lennox International in a research report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Lennox International has a consensus rating of “Hold” and a consensus target price of $254.33.

NYSE:LII traded up $2.95 during trading hours on Wednesday, reaching $261.40. The company’s stock had a trading volume of 275,836 shares, compared to its average volume of 324,945. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.10 and a beta of 0.90. The firm has a 50-day simple moving average of $268.49 and a 200-day simple moving average of $264.40. Lennox International has a 1 year low of $177.36 and a 1 year high of $298.49.

In other Lennox International news, EVP John D. Torres sold 6,590 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $274.73, for a total value of $1,810,470.70. Following the transaction, the executive vice president now owns 8,174 shares in the company, valued at $2,245,643.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 25,181 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $271.15, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 42,201 shares of company stock worth $11,356,475 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LII. Icon Wealth Partners LLC acquired a new stake in Lennox International in the 1st quarter worth approximately $38,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Lennox International during the 2nd quarter valued at approximately $82,000. Meeder Asset Management Inc. purchased a new position in shares of Lennox International during the 2nd quarter valued at approximately $98,000. Huntington National Bank increased its holdings in shares of Lennox International by 196.6% during the 1st quarter. Huntington National Bank now owns 439 shares of the construction company’s stock valued at $116,000 after purchasing an additional 291 shares in the last quarter. Finally, Private Capital Group LLC increased its holdings in shares of Lennox International by 5.8% during the 2nd quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock valued at $170,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

About Lennox International

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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