Equities research analysts predict that Lennox International, Inc. (NYSE:LII) will announce $1.06 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Lennox International’s earnings. The highest sales estimate is $1.07 billion and the lowest is $1.05 billion. Lennox International posted sales of $1.01 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is expected to report its next quarterly earnings results on Monday, October 16th.
On average, analysts expect that Lennox International will report full year sales of $1.06 billion for the current fiscal year, with estimates ranging from $3.82 billion to $3.89 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.04 billion per share, with estimates ranging from $3.96 billion to $4.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Lennox International.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 EPS.
Several brokerages have recently weighed in on LII. Cowen and Company upped their price objective on Lennox International from $172.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded Lennox International from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Wolfe Research began coverage on Lennox International in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Wells Fargo & Company restated a “market perform” rating and issued a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a report on Friday, July 7th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $177.50.
Shares of Lennox International (NYSE:LII) opened at 171.84 on Wednesday. The company’s 50-day moving average price is $167.70 and its 200-day moving average price is $172.53. The stock has a market cap of $7.25 billion, a PE ratio of 24.75 and a beta of 1.14. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58.
In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the sale, the chairman now directly owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David W. Moon sold 2,350 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the sale, the executive vice president now directly owns 112,408 shares in the company, valued at $19,272,351.60. The disclosure for this sale can be found here. Insiders have sold 14,094 shares of company stock worth $2,409,181 over the last ninety days. 3.60% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Lennox International during the second quarter valued at $20,855,000. Congress Asset Management Co. MA raised its position in Lennox International by 7.6% during the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock valued at $82,332,000 after buying an additional 31,840 shares during the period. World Asset Management Inc raised its position in Lennox International by 14.1% during the first quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock valued at $456,000 after buying an additional 336 shares during the period. Ameriprise Financial Inc. raised its position in Lennox International by 4.7% during the first quarter. Ameriprise Financial Inc. now owns 107,774 shares of the construction company’s stock valued at $18,032,000 after buying an additional 4,861 shares during the period. Finally, American International Group Inc. raised its position in Lennox International by 3.5% during the first quarter. American International Group Inc. now owns 77,221 shares of the construction company’s stock valued at $12,919,000 after buying an additional 2,644 shares during the period. 68.36% of the stock is currently owned by hedge funds and other institutional investors.
About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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