Lennox International, Inc. (LII) Issues FY17 Earnings Guidance
Lennox International, Inc. (NYSE:LII) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $7.75-8.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.95. The company issued revenue guidance of $3.79-3.90 billion, compared to the consensus revenue estimate of $3.84 billion.
Several research analysts recently issued reports on the stock. BidaskClub cut shares of Lennox International from a sell rating to a strong sell rating in a report on Monday, August 14th. Morgan Stanley reissued an underweight rating and set a $161.00 target price (down previously from $164.00) on shares of Lennox International in a report on Tuesday, July 25th. Stifel Nicolaus reissued a hold rating on shares of Lennox International in a report on Tuesday, July 25th. Wolfe Research assumed coverage on shares of Lennox International in a report on Tuesday, July 11th. They set a market perform rating for the company. Finally, UBS AG raised their target price on shares of Lennox International from $170.00 to $175.00 and gave the stock a neutral rating in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Lennox International presently has a consensus rating of Hold and an average price target of $179.00.
Shares of Lennox International, Inc. (NYSE:LII) traded down 0.66% during mid-day trading on Friday, hitting $164.02. 247,936 shares of the stock traded hands. Lennox International, Inc. has a 12-month low of $140.97 and a 12-month high of $192.58. The firm’s 50 day moving average price is $176.16 and its 200 day moving average price is $172.03. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 23.63 and a beta of 1.14.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 EPS. On average, equities research analysts predict that Lennox International, Inc. will post $8.02 EPS for the current fiscal year.
In related news, VP Chris Kosel sold 357 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $173.51, for a total value of $61,943.07. Following the sale, the vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David W. Moon sold 2,350 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total transaction of $402,907.50. Following the completion of 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. Over the last three months, insiders sold 14,094 shares of company stock worth $2,409,181. 3.90% of the stock is owned by corporate insiders.
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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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