Wall Street analysts forecast that Lennox International Inc. (NYSE:LII) will post sales of $1.07 billion for the current fiscal quarter, according to Zacks Investment Research. Fifteen analysts have issued estimates for Lennox International’s earnings. The highest sales estimate is $1.12 billion and the lowest is $1.05 billion. Lennox International reported sales of $1.05 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The company is expected to announce its next quarterly earnings results on Monday, October 22nd.
On average, analysts expect that Lennox International will report full-year sales of $3.88 billion for the current year, with estimates ranging from $3.82 billion to $3.95 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.12 billion per share, with estimates ranging from $4.04 billion to $4.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Lennox International.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.11. Lennox International had a net margin of 8.15% and a negative return on equity of 750.65%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $2.83 earnings per share. Lennox International’s revenue for the quarter was up 6.7% compared to the same quarter last year.
In other Lennox International news, CEO Todd M. Bluedorn sold 48,340 shares of the firm’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $204.71, for a total value of $9,895,681.40. Following the transaction, the chief executive officer now directly owns 125,320 shares of the company’s stock, valued at approximately $25,654,257.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary S. Bedard sold 340 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $225.00, for a total transaction of $76,500.00. Following the completion of the transaction, the executive vice president now directly owns 19,118 shares in the company, valued at $4,301,550. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,598 shares of company stock worth $11,904,585. Insiders own 3.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Pensionfund Sabic bought a new position in Lennox International in the 2nd quarter valued at about $1,821,000. Riverbridge Partners LLC bought a new position in Lennox International in the 2nd quarter valued at about $26,017,000. Natixis bought a new position in Lennox International in the 1st quarter valued at about $766,000. Guggenheim Capital LLC increased its holdings in Lennox International by 28.1% in the 1st quarter. Guggenheim Capital LLC now owns 69,575 shares of the construction company’s stock valued at $14,219,000 after buying an additional 15,265 shares during the period. Finally, Mason Street Advisors LLC increased its holdings in Lennox International by 1.9% in the 1st quarter. Mason Street Advisors LLC now owns 18,883 shares of the construction company’s stock valued at $3,859,000 after buying an additional 360 shares during the period. 68.41% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:LII opened at $226.09 on Friday. Lennox International has a 52 week low of $164.72 and a 52 week high of $229.98. The stock has a market cap of $9.16 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. The company has a debt-to-equity ratio of -7.32, a quick ratio of 1.14 and a current ratio of 1.86.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 27th. Lennox International’s dividend payout ratio is currently 32.32%.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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