Lennox International (LII) Releases FY 2019 Earnings Guidance
Lennox International (NYSE:LII) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $12.00-12.60 for the period, compared to the Thomson Reuters consensus estimate of $12.31. The company issued revenue guidance of $4-4.156 billion, compared to the consensus revenue estimate of $3.9 billion.
Several research firms have weighed in on LII. Cowen downgraded shares of Lennox International from an outperform rating to a market perform rating and set a $276.36 price target for the company. in a research note on Tuesday, April 9th. Robert W. Baird cut shares of Lennox International from an outperform rating to a neutral rating and lifted their price objective for the company from $246.00 to $272.00 in a report on Tuesday, April 16th. Goldman Sachs Group started coverage on shares of Lennox International in a report on Tuesday, March 5th. They set a neutral rating and a $236.00 price objective for the company. Wells Fargo & Co lifted their price objective on shares of Lennox International from $230.00 to $242.00 and gave the company a market perform rating in a report on Wednesday, February 6th. Finally, Credit Suisse Group cut shares of Lennox International from an outperform rating to a neutral rating and lifted their price objective for the company from $253.00 to $255.00 in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $245.70.
Lennox International stock opened at $270.64 on Monday. Lennox International has a fifty-two week low of $177.36 and a fifty-two week high of $277.05. The stock has a market cap of $10.71 billion, a P/E ratio of 28.73, a PEG ratio of 1.10 and a beta of 0.99.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, March 29th. Lennox International’s dividend payout ratio (DPR) is presently 27.18%.
In other Lennox International news, VP Chris Kosel sold 416 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $252.00, for a total transaction of $104,832.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel M. Sessa sold 3,515 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $258.50, for a total transaction of $908,627.50. Following the sale, the executive vice president now directly owns 44,912 shares of the company’s stock, valued at approximately $11,609,752. The disclosure for this sale can be found here. Insiders have sold a total of 48,468 shares of company stock worth $12,069,435 in the last ninety days. 3.40% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: “Lennox International (LII) Releases FY 2019 Earnings Guidance” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/lennox-international-lii-releases-fy-2019-earnings-guidance/2981111.html.
Lennox International Company Profile
Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, 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.
Featured Article: What is a Call Option?
Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.