Lennox International (NYSE:LII) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Lennox International (NYSE:LII) announced its earnings results on Monday. The construction company reported $3.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($0.07), Fidelity Earnings reports. Lennox International had a negative return on equity of 244.79% and a net margin of 9.66%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $2.72 earnings per share. Lennox International’s quarterly revenue was up .3% on a year-over-year basis. Lennox International updated its FY 2019 guidance to $11.15-11.45 EPS and its FY19 guidance to $11.15-11.45 EPS.

NYSE LII opened at $248.17 on Tuesday. The firm’s fifty day moving average price is $241.34 and its 200 day moving average price is $262.89. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Lennox International has a 12 month low of $177.36 and a 12 month high of $298.49.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is 32.70%.

In related news, Director Paul W. Schmidt sold 500 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $256.51, for a total value of $128,255.00. Following the transaction, the director now directly owns 1,894 shares of the company’s stock, valued at approximately $485,829.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John E. Major sold 1,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $257.83, for a total transaction of $257,830.00. Following the completion of the transaction, the director now directly owns 1,894 shares in the company, valued at $488,330.02. The disclosure for this sale can be found here. Insiders sold a total of 9,945 shares of company stock worth $2,557,886 over the last ninety days. Insiders own 3.40% of the company’s stock.

LII has been the topic of several recent research reports. Buckingham Research cut their target price on shares of Lennox International from $260.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Barclays increased their price objective on shares of Lennox International from $291.00 to $293.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Wells Fargo & Co dropped their price objective on shares of Lennox International from $275.00 to $265.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 23rd. ValuEngine downgraded shares of Lennox International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lennox International from $215.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Lennox International presently has an average rating of “Hold” and a consensus target price of $246.67.

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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Earnings History for Lennox International (NYSE:LII)

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