Lennox International Inc. (LII) to Post Q2 2018 Earnings of $3.49 Per Share, Seaport Global Securities Forecasts

Lennox International Inc. (NYSE:LII) – Equities research analysts at Seaport Global Securities upped their Q2 2018 earnings estimates for Lennox International in a report issued on Wednesday. Seaport Global Securities analyst W. Liptak now expects that the construction company will post earnings per share of $3.49 for the quarter, up from their previous estimate of $3.12. Seaport Global Securities also issued estimates for Lennox International’s Q3 2018 earnings at $3.32 EPS, Q4 2018 earnings at $2.47 EPS, FY2018 earnings at $10.33 EPS, Q2 2019 earnings at $3.82 EPS, Q3 2019 earnings at $3.68 EPS, Q4 2019 earnings at $2.65 EPS and FY2019 earnings at $11.00 EPS.

LII has been the topic of a number of other reports. Stifel Nicolaus reissued a “hold” rating and set a $187.00 price target on shares of Lennox International in a research report on Thursday, October 12th. Cowen reissued a “buy” rating and set a $190.00 price target on shares of Lennox International in a research report on Monday, October 23rd. Credit Suisse Group reissued a “neutral” rating and set a $180.00 price target (up from $171.00) on shares of Lennox International in a research report on Tuesday, October 24th. Morgan Stanley lifted their price target on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Finally, Robert W. Baird reissued a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $201.43.

Shares of Lennox International (NYSE:LII) traded up $2.29 during mid-day trading on Friday, reaching $195.33. 30,878 shares of the company’s stock were exchanged, compared to its average volume of 281,880. Lennox International has a 1 year low of $157.37 and a 1 year high of $223.05. The company has a market capitalization of $8,395.71, a PE ratio of 27.00, a PEG ratio of 1.00 and a beta of 1.17. The company has a current ratio of 1.74, a quick ratio of 0.72 and a debt-to-equity ratio of 19.37.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The firm had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $906.85 million. During the same period last year, the firm earned $1.50 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis.

Several large investors have recently modified their holdings of LII. Advisor Partners LLC acquired a new stake in shares of Lennox International during the fourth quarter worth $216,000. Achmea Investment Management B.V. acquired a new stake in shares of Lennox International during the second quarter worth $239,000. Toronto Dominion Bank raised its holdings in shares of Lennox International by 240.8% during the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after acquiring an additional 1,146 shares during the period. Price Capital Management Inc. acquired a new stake in shares of Lennox International during the fourth quarter worth $638,000. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of Lennox International by 60.0% during the third quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock worth $716,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 68.96% of the company’s stock.

In related news, Chairman Todd M. Bluedorn sold 12,901 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $210.95, for a total transaction of $2,721,465.95. Following the sale, the chairman now directly owns 183,360 shares in the company, valued at $38,679,792. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Prakash Bedapudi sold 3,201 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $196.25, for a total transaction of $628,196.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,484 shares of company stock worth $5,662,461. Insiders own 3.90% of the company’s stock.

Lennox International announced that its Board of Directors has approved a share repurchase program on Wednesday, December 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.04%. Lennox International’s dividend payout ratio is 28.53%.

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Lennox International Company Profile

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.

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

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