Lennox International Inc. (LII) to Post Q4 2017 Earnings of $1.65 Per Share, William Blair Forecasts
Lennox International Inc. (NYSE:LII) – Research analysts at William Blair increased their Q4 2017 EPS estimates for shares of Lennox International in a report issued on Wednesday. William Blair analyst R. Merkel now expects that the construction company will post earnings per share of $1.65 for the quarter, up from their prior estimate of $1.63. William Blair also issued estimates for Lennox International’s Q1 2018 earnings at $0.99 EPS, Q2 2018 earnings at $3.13 EPS, Q3 2018 earnings at $2.98 EPS, Q4 2018 earnings at $1.91 EPS and FY2019 earnings at $10.40 EPS.
Several other analysts also recently commented on the stock. Wells Fargo & Company reaffirmed a “market perform” rating and set a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a research report on Thursday. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating and issued a $207.00 target price (up from $193.00) on shares of Lennox International in a report on Monday, December 11th. Cowen reiterated a “buy” rating and issued a $210.00 target price on shares of Lennox International in a report on Wednesday, November 29th. Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Finally, Morgan Stanley increased their target price on Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $191.83.
Lennox International (NYSE:LII) last released its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its stake in shares of Lennox International by 114.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock worth $103,000 after purchasing an additional 300 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after purchasing an additional 28 shares during the period. Calamos Advisors LLC bought a new stake in shares of Lennox International during the 2nd quarter worth $213,000. Achmea Investment Management B.V. bought a new stake in shares of Lennox International during the 2nd quarter worth $239,000. Finally, Toronto Dominion Bank raised its stake in shares of Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after purchasing an additional 1,146 shares during the period. Institutional investors own 68.90% of the company’s stock.
In other news, Chairman Todd M. Bluedorn sold 8,313 shares of Lennox International stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the sale, the chairman now directly owns 181,973 shares in the company, valued at approximately $36,929,600.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph William Reitmeier sold 922 shares of Lennox International stock in a transaction on Friday, October 27th. The stock was sold at an average price of $193.03, for a total value of $177,973.66. Following the sale, the chief financial officer now owns 14,233 shares in the company, valued at $2,747,395.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,605 shares of company stock worth $5,252,694. Company insiders own 3.90% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 28th. Lennox International’s dividend payout ratio (DPR) is presently 28.90%.
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Lennox International Company Profile
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.
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