Lennox International (NYSE:LII) issued an update on its FY19 earnings guidance on Monday morning. 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.

NYSE:LII opened at $270.64 on Monday. The company 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. Lennox International has a 52-week low of $177.36 and a 52-week high of $277.05.

Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.26. The firm had revenue of $790.30 million for the quarter, compared to the consensus estimate of $748.63 million. Lennox International had a negative return on equity of 297.46% and a net margin of 9.25%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. As a group, analysts expect that Lennox International will post 12.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.64 per share. The ex-dividend date was Friday, March 29th. This represents a $2.56 dividend on an annualized basis and a yield of 0.95%. Lennox International’s dividend payout ratio is presently 27.18%.

LII has been the topic of a number of research reports. Credit Suisse Group raised their price target on Lennox International from $234.00 to $253.00 and gave the stock an outperform rating in a research note on Wednesday, February 6th. Morgan Stanley set a $202.00 price target on Lennox International and gave the stock a sell rating in a research note on Friday, February 8th. Goldman Sachs Group initiated coverage on Lennox International in a research note on Tuesday, March 5th. They issued a neutral rating and a $236.00 target price on the stock. Wells Fargo & Co lifted their target price on Lennox International from $230.00 to $242.00 and gave the company a market perform rating in a research note on Wednesday, February 6th. Finally, Buckingham Research lifted their target price on Lennox International from $236.00 to $275.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $245.70.

In other news, EVP Gary S. Bedard sold 622 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $236.15, for a total value of $146,885.30. Following the completion of the sale, the executive vice president now directly owns 18,537 shares of the company’s stock, valued at approximately $4,377,512.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Chris Kosel sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $252.00, for a total value of $104,832.00. The disclosure for this sale can be found here. Insiders sold a total of 48,468 shares of company stock worth $12,069,435 over the last quarter. 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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Earnings History and Estimates for Lennox International (NYSE:LII)

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