Lennox International (LII) Releases FY18 Earnings Guidance
Lennox International (NYSE:LII) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $9.75-10.35 for the period, compared to the Thomson Reuters consensus estimate of $10.16. The company issued revenue guidance of +3-7% YoY to $3.95-4.11 billion, compared to the consensus revenue estimate of $4.05 billion.
Lennox International (NYSE LII) opened at $212.24 on Wednesday. Lennox International has a 12-month low of $160.18 and a 12-month high of $223.05. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The firm has a market capitalization of $8,713.83, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20.
Lennox International (NYSE:LII) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.03. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The firm had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. During the same quarter in the prior year, the firm posted $1.50 EPS. The business’s revenue was down .6% on a year-over-year basis. sell-side analysts expect that Lennox International will post 10.17 earnings per share for the current year.
A number of equities analysts have weighed in on LII shares. Cowen reaffirmed a buy rating and set a $210.00 price target on shares of Lennox International in a research report on Wednesday, November 29th. Stifel Nicolaus reaffirmed a hold rating and set a $207.00 price target (up previously from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wells Fargo & Co reaffirmed a market perform rating and set a $210.00 price target (up previously from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. UBS Group started coverage on Lennox International in a research report on Tuesday, January 23rd. They set a neutral rating and a $230.00 price target for the company. Finally, Robert W. Baird reduced their price target on Lennox International from $232.00 to $228.00 and set an outperform rating for the company in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $205.38.
In other news, Chairman Todd M. Bluedorn sold 12,901 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $210.95, for a total value of $2,721,465.95. Following the completion of the sale, the chairman now owns 183,360 shares of the company’s stock, valued at approximately $38,679,792. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Chris Kosel sold 754 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $204.37, for a total value of $154,094.98. Following the completion of the sale, the vice president now directly owns 810 shares of the company’s stock, valued at approximately $165,539.70. The disclosure for this sale can be found here. In the last three months, insiders sold 19,496 shares of company stock valued at $4,031,499. 3.60% of the stock is currently owned by 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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