Lennox International (LII) Updates FY19 Earnings Guidance
Lennox International (NYSE:LII) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $12.00-12.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.32. The company issued revenue guidance of +3-7% yr/yr to $3.76-3.91 billion, compared to the consensus revenue estimate of $3.89 billion.Lennox International also updated its FY 2019 guidance to $12.00-12.60 EPS.
A number of analysts have recently weighed in on the stock. Buckingham Research upped their target price on shares of Lennox International from $236.00 to $275.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. Cowen cut shares of Lennox International from an outperform rating to a market perform rating and set a $276.36 price target on the stock. in a research note on Tuesday, April 9th. Barclays upped their price target on shares of Lennox International from $258.00 to $270.00 and gave the stock an overweight rating in a research note on Wednesday, April 3rd. Robert W. Baird cut shares of Lennox International from an outperform rating to a neutral rating and upped their price target for the stock from $246.00 to $272.00 in a research note on Tuesday, April 16th. Finally, Credit Suisse Group upped their price target on shares of Lennox International from $234.00 to $253.00 and gave the stock an outperform rating in a research note on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $245.70.
Shares of Lennox International stock opened at $267.63 on Tuesday. The stock has a market capitalization of $10.71 billion, a P/E ratio of 28.41, a PEG ratio of 1.10 and a beta of 0.99. Lennox International has a 1 year low of $177.36 and a 1 year high of $277.05.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, March 29th. Lennox International’s dividend payout ratio is currently 27.18%.
In other Lennox International news, EVP Daniel M. Sessa sold 3,515 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $258.50, for a total transaction of $908,627.50. Following the transaction, the executive vice president now owns 44,912 shares in the company, valued at approximately $11,609,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary S. Bedard sold 622 shares of the company’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $236.15, for a total transaction of $146,885.30. Following the transaction, the executive vice president now owns 18,537 shares in the company, valued at approximately $4,377,512.55. 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 90 days. Company insiders own 3.40% of the company’s stock.
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About Lennox International
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.
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