Lennox International Inc. (NYSE:LII) – Stock analysts at KeyCorp issued their Q1 2018 earnings estimates for Lennox International in a report issued on Tuesday. KeyCorp analyst J. Hammond anticipates that the construction company will post earnings per share of $1.13 for the quarter. KeyCorp also issued estimates for Lennox International’s Q2 2018 earnings at $3.52 EPS, Q3 2018 earnings at $3.35 EPS, Q4 2018 earnings at $2.26 EPS and FY2018 earnings at $10.25 EPS.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. The business had revenue of $891.80 million during the quarter, compared to analysts’ expectations of $906.85 million. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS.

Several other equities research analysts have also recently weighed in on LII. UBS Group reissued a “neutral” rating and set a $215.00 price target (down previously from $230.00) on shares of Lennox International in a research report on Wednesday. Robert W. Baird dropped their price target on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley increased their price target on shares of Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a research report on Tuesday, October 24th. Stifel Nicolaus restated a “hold” rating and issued a $198.00 price objective on shares of Lennox International in a report on Friday, January 19th. Finally, Cowen restated a “buy” rating and issued a $190.00 price objective on shares of Lennox International in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $201.43.

Shares of Lennox International (LII) opened at $198.06 on Friday. The firm has a market cap of $8,395.71, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17. The company has a current ratio of 1.74, a quick ratio of 0.72 and a debt-to-equity ratio of 19.37. Lennox International has a 12-month low of $157.37 and a 12-month high of $223.05.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.51 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.04 annualized dividend and a yield of 1.03%. Lennox International’s dividend payout ratio (DPR) is presently 28.53%.

Lennox International declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other Lennox International news, CAO Chris Kosel sold 435 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $203.03, for a total value of $88,318.05. Following the completion of the transaction, the chief accounting officer now directly owns 810 shares in the company, valued at approximately $164,454.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Prakash Bedapudi sold 3,201 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $196.25, for a total transaction of $628,196.25. The disclosure for this sale can be found here. Insiders sold a total of 27,484 shares of company stock valued at $5,662,461 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Several institutional investors have recently modified their holdings of LII. State Street Corp increased its stake in shares of Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after acquiring an additional 128,170 shares in the last quarter. Achmea Investment Management B.V. bought a new position in shares of Lennox International in the 2nd quarter worth about $239,000. Canada Pension Plan Investment Board bought a new position in shares of Lennox International in the 3rd quarter worth about $3,830,000. Tocqueville Asset Management L.P. increased its stake in shares of Lennox International by 60.0% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock worth $716,000 after acquiring an additional 1,500 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Lennox International by 49.3% in the 3rd quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock worth $23,839,000 after acquiring an additional 44,000 shares in the last quarter. Institutional investors own 68.96% of the company’s stock.

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About Lennox International

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

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

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