Lennox International (LII) Scheduled to Post Earnings on Monday

Lennox International (NYSE:LIIGet Rating) is set to announce its earnings results before the market opens on Monday, April 25th. Analysts expect the company to announce earnings of $1.99 per share for the quarter. Lennox International has set its FY22 guidance at $13.50-14.50 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Lennox International (NYSE:LIIGet Rating) last posted its quarterly earnings data on Tuesday, February 1st. The construction company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.35. Lennox International had a negative return on equity of 192.84% and a net margin of 11.06%. The company had revenue of $964.80 million during the quarter, compared to analysts’ expectations of $954.87 million. During the same period in the prior year, the firm earned $2.89 earnings per share. Lennox International’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts expect Lennox International to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

LII opened at $239.96 on Monday. Lennox International has a 52-week low of $239.55 and a 52-week high of $356.36. The firm has a market capitalization of $8.65 billion, a PE ratio of 19.37, a PEG ratio of 1.29 and a beta of 0.88. The business’s 50-day simple moving average is $261.50 and its 200 day simple moving average is $290.47.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a dividend of $0.92 per share. The ex-dividend date was Wednesday, March 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.53%. Lennox International’s dividend payout ratio (DPR) is currently 29.70%.

In other Lennox International news, CEO Todd M. Bluedorn sold 9,298 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $268.86, for a total value of $2,499,860.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Torres sold 2,013 shares of the firm’s stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of $261.04, for a total transaction of $525,473.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,224 shares of company stock valued at $3,817,670. 3.40% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in LII. Comerica Bank increased its position in shares of Lennox International by 2.5% during the fourth quarter. Comerica Bank now owns 16,163 shares of the construction company’s stock valued at $4,587,000 after acquiring an additional 397 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Lennox International by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 59,755 shares of the construction company’s stock valued at $19,382,000 after acquiring an additional 282 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Lennox International by 9.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 87,919 shares of the construction company’s stock valued at $28,517,000 after acquiring an additional 7,489 shares in the last quarter. Allstate Corp increased its position in shares of Lennox International by 380.4% during the fourth quarter. Allstate Corp now owns 3,853 shares of the construction company’s stock valued at $1,250,000 after acquiring an additional 3,051 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in shares of Lennox International by 8.0% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,010 shares of the construction company’s stock valued at $1,949,000 after acquiring an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 64.12% of the company’s stock.

A number of brokerages have weighed in on LII. StockNews.com began coverage on Lennox International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays lowered their target price on Lennox International from $315.00 to $300.00 and set an “equal weight” rating for the company in a research report on Monday, April 4th. Morgan Stanley lowered their price objective on Lennox International from $271.00 to $253.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Lennox International from $394.00 to $334.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TheStreet lowered Lennox International from a “b-” rating to a “c+” rating in a report on Wednesday, February 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $304.43.

Lennox International Company Profile (Get Rating)

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Earnings History for Lennox International (NYSE:LII)

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