Lennox International (NYSE:LII) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $9.21-9.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.95. The company issued revenue guidance of +2-4% to ~$3.92-4.0 billion, compared to the consensus revenue estimate of $3.80 billion.Lennox International also updated its FY19 guidance to $12.00-12.60 EPS.
Shares of Lennox International stock traded up $6.45 during trading hours on Wednesday, hitting $213.70. The company had a trading volume of 310,800 shares, compared to its average volume of 326,706. Lennox International has a twelve month low of $177.36 and a twelve month high of $230.66. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.23 and a beta of 1.10.
Lennox International (NYSE:LII) last issued its earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.20). Lennox International had a net margin of 8.31% and a negative return on equity of 474.74%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $2.53 EPS. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that Lennox International will post 8.95 earnings per share for the current year.
LII has been the subject of several research analyst reports. Robert W. Baird lowered their target price on shares of Lennox International from $228.00 to $224.00 and set a buy rating for the company in a report on Tuesday, October 23rd. Cowen restated a buy rating and issued a $240.00 target price on shares of Lennox International in a report on Monday, October 22nd. ValuEngine upgraded shares of Lennox International from a hold rating to a buy rating in a report on Tuesday, August 28th. Stephens initiated coverage on shares of Lennox International in a report on Monday, November 19th. They issued an equal weight rating and a $229.00 target price for the company. Finally, UBS Group upped their target price on shares of Lennox International from $217.00 to $225.00 and gave the company a neutral rating in a report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Lennox International has an average rating of Hold and a consensus target price of $221.40.
In other news, EVP Gary S. Bedard sold 498 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $230.00, for a total transaction of $114,540.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph William Reitmeier sold 1,715 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $210.96, for a total transaction of $361,796.40. Following the completion of the transaction, the chief financial officer now owns 13,703 shares in the company, valued at approximately $2,890,784.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,271 shares of company stock worth $5,053,581. Insiders own 3.90% of the company’s stock.
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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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