Lennox International Inc. (LII) Updates FY16 Earnings Guidance
Lennox International Inc. (NYSE:LII) updated its FY16 earnings guidance on Monday. The company provided earnings per share guidance of $6.75-6.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.81. The company issued revenue guidance of +4-6% to ~$3.61-3.68 billion, compared to the consensus revenue estimate of $3.62 billion.
Several research firms have commented on LII. Credit Suisse Group AG reissued a hold rating on shares of Lennox International in a research report on Saturday, July 9th. Zacks Investment Research downgraded shares of Lennox International from a buy rating to a hold rating in a research report on Wednesday, June 29th. Morgan Stanley reissued a hold rating and issued a $159.00 target price on shares of Lennox International in a research report on Wednesday, July 20th. Susquehanna downgraded shares of Lennox International from a positive rating to a neutral rating and decreased their target price for the stock from $172.00 to $163.00 in a research report on Monday, August 15th. Finally, KeyCorp reissued a hold rating on shares of Lennox International in a research report on Monday, October 10th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lennox International has a consensus rating of Hold and a consensus target price of $143.45.
Lennox International Inc. (NYSE:LII) opened at 157.62 on Monday. The stock has a 50 day moving average of $158.88 and a 200-day moving average of $147.17. The firm has a market cap of $6.85 billion, a PE ratio of 31.19 and a beta of 1.26. Lennox International Inc. has a 52 week low of $105.65 and a 52 week high of $164.02.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 17th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.09. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The business earned $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $1.82 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Analysts expect that Lennox International Inc. will post $6.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.09%. Lennox International’s dividend payout ratio is presently 33.86%.
In other Lennox International news, EVP Prakash Bedapudi sold 833 shares of Lennox International stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $154.75, for a total transaction of $128,906.75. Following the completion of the transaction, the executive vice president now directly owns 16,440 shares of the company’s stock, valued at $2,544,090. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John W. Norris III sold 1,000 shares of Lennox International stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $161.73, for a total transaction of $161,730.00. Following the transaction, the director now directly owns 266,339 shares of the company’s stock, valued at $43,075,006.47. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in LII. Thrivent Financial for Lutherans boosted its position in Lennox International by 8.2% in the second quarter. Thrivent Financial for Lutherans now owns 5,520 shares of the company’s stock worth $787,000 after buying an additional 420 shares during the period. Lord Abbett & CO. LLC boosted its position in Lennox International by 3.8% in the second quarter. Lord Abbett & CO. LLC now owns 30,752 shares of the company’s stock worth $4,385,000 after buying an additional 1,119 shares during the period. US Bancorp DE boosted its position in Lennox International by 5.1% in the second quarter. US Bancorp DE now owns 24,702 shares of the company’s stock worth $3,522,000 after buying an additional 1,199 shares during the period. Teachers Advisors Inc. boosted its position in Lennox International by 0.9% in the second quarter. Teachers Advisors Inc. now owns 266,392 shares of the company’s stock worth $37,987,000 after buying an additional 2,349 shares during the period. Finally, Janus Capital Management LLC boosted its position in Lennox International by 5.4% in the second quarter. Janus Capital Management LLC now owns 140,300 shares of the company’s stock worth $20,007,000 after buying an additional 7,200 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.
Lennox International Company Profile
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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