Lennox International (LII) Issues FY18 Earnings Guidance

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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.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, December 28th. Lennox International’s payout ratio is 32.32%.

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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Earnings History and Estimates for Lennox International (NYSE:LII)

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