Lennox International Inc. (NYSE:LII) – Research analysts at Seaport Global Securities lowered their Q4 2017 earnings estimates for shares of Lennox International in a report released on Thursday. Seaport Global Securities analyst W. Liptak now forecasts that the construction company will post earnings per share of $1.67 for the quarter, down from their prior estimate of $1.70. Seaport Global Securities also issued estimates for Lennox International’s Q1 2018 earnings at $1.02 EPS and Q4 2018 earnings at $2.01 EPS.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 earnings per share.

Several other equities analysts also recently commented on LII. Wells Fargo & Company restated a “market perform” rating and issued a $210.00 price target (up previously from $193.00) on shares of Lennox International in a research note on Thursday. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating and set a $207.00 target price (up previously from $193.00) on shares of Lennox International in a research note on Monday. Cowen reiterated a “buy” rating and set a $210.00 target price on shares of Lennox International in a research note on Wednesday, November 29th. Morgan Stanley boosted their target price on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Finally, Cleveland Research began coverage on shares of Lennox International in a research note on Tuesday, October 3rd. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $191.83.

Lennox International (LII) opened at $204.15 on Friday. The company has a market cap of $8,621.70, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.22. The company has a debt-to-equity ratio of 23.87, a current ratio of 1.24 and a quick ratio of 0.72. Lennox International has a 12 month low of $147.54 and a 12 month high of $213.78.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.51 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.00%. Lennox International’s dividend payout ratio (DPR) is presently 28.90%.

In related news, insider Gary S. Bedard sold 369 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $204.47, for a total value of $75,449.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas L. Young sold 7,658 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $193.94, for a total transaction of $1,485,192.52. Following the completion of the sale, the executive vice president now directly owns 61,155 shares of the company’s stock, valued at $11,860,400.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,605 shares of company stock valued at $5,252,694. 3.90% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in LII. Acrospire Investment Management LLC raised its holdings in shares of Lennox International by 114.1% in the second quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after buying an additional 300 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Lennox International by 4.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after purchasing an additional 28 shares in the last quarter. Calamos Advisors LLC purchased a new position in Lennox International during the second quarter worth about $213,000. Achmea Investment Management B.V. purchased a new position in Lennox International during the second quarter worth about $239,000. Finally, Toronto Dominion Bank raised its holdings in 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 purchasing an additional 1,146 shares in the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.

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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.

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

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