Equities analysts forecast that Lennox International Inc. (NYSE:LII) will post sales of $1.04 billion for the current fiscal quarter, Zacks Investment Research reports. Eighteen analysts have made estimates for Lennox International’s earnings, with the lowest sales estimate coming in at $1.01 billion and the highest estimate coming in at $1.06 billion. Lennox International posted sales of $1.02 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is scheduled to issue its next earnings results on Monday, October 28th.

According to Zacks, analysts expect that Lennox International will report full-year sales of $3.79 billion for the current year, with estimates ranging from $3.73 billion to $3.86 billion. For the next financial year, analysts forecast that the business will report sales of $4.01 billion, with estimates ranging from $3.92 billion to $4.10 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Lennox International.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, July 22nd. The construction company reported $3.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.15 by ($0.41). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. Lennox International had a negative return on equity of 244.79% and a net margin of 9.66%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted $3.67 EPS.

A number of equities research analysts have weighed in on the company. Cowen reaffirmed a “hold” rating and issued a $270.00 target price on shares of Lennox International in a report on Friday, June 28th. Buckingham Research lifted their price target on Lennox International from $273.00 to $276.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. ValuEngine cut Lennox International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co dropped their price objective on Lennox International from $275.00 to $265.00 and set a “market perform” rating for the company in a research report on Tuesday, July 23rd. Finally, UBS Group lowered Lennox International from a “neutral” rating to a “sell” rating and set a $235.00 price objective on the stock. in a research note on Friday, May 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $254.33.

LII traded up $0.45 during trading on Friday, hitting $242.05. 790,800 shares of the stock traded hands, compared to its average volume of 330,571. Lennox International has a twelve month low of $177.36 and a twelve month high of $298.49. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.04 and a beta of 0.93. The business has a 50 day moving average price of $253.72 and a 200 day moving average price of $265.38.

In other Lennox International news, Director Paul W. Schmidt sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $256.51, for a total value of $128,255.00. Following the completion of the transaction, the director now directly owns 1,894 shares in the company, valued at $485,829.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Todd M. Bluedorn sold 25,181 shares of Lennox International stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $271.15, for a total value of $6,827,828.15. Following the sale, the chairman now directly owns 97,241 shares in the company, valued at $26,366,897.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,701 shares of company stock worth $11,484,730. Insiders own 3.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LII. Icon Wealth Partners LLC acquired a new stake in Lennox International during the 1st quarter worth approximately $38,000. Harvest Fund Management Co. Ltd acquired a new position in Lennox International in the 2nd quarter valued at approximately $82,000. Meeder Asset Management Inc. acquired a new position in Lennox International in the 2nd quarter valued at approximately $98,000. Private Capital Group LLC raised its stake in shares of Lennox International by 5.8% during the second quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock valued at $170,000 after acquiring an additional 46 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Lennox International during the second quarter valued at $232,000. 71.58% of the stock is owned by institutional investors.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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