Lennox International (NYSE:LII) Releases Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Lennox International (NYSE:LIIGet Rating) posted its quarterly earnings data on Monday. The construction company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.29, MarketWatch Earnings reports. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $977.60 million. Lennox International had a net margin of 11.06% and a negative return on equity of 192.84%. Lennox International’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 EPS. Lennox International updated its FY 2022 guidance to $13.500-$14.500 EPS and its FY22 guidance to $13.50-$14.50 EPS.

NYSE:LII opened at $238.94 on Tuesday. Lennox International has a twelve month low of $232.00 and a twelve month high of $356.36. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.88. The stock’s 50 day moving average price is $258.83 and its two-hundred day moving average price is $288.25.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a dividend of $0.92 per share. The ex-dividend date was Wednesday, March 30th. This represents a $3.68 annualized dividend and a yield of 1.54%. Lennox International’s payout ratio is presently 29.70%.

In related news, CEO Todd M. Bluedorn sold 9,298 shares of the stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $268.86, for a total value of $2,499,860.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daniel M. Sessa sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $268.12, for a total transaction of $536,240.00. The disclosure for this sale can be found here. Insiders sold 13,311 shares of company stock valued at $3,561,574 over the last three months. 3.40% of the stock is owned by company insiders.

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

Several equities research analysts have recently commented on LII shares. Credit Suisse Group lowered their price target on shares of Lennox International from $258.00 to $242.00 and set an “underperform” rating for the company in a research report on Tuesday. Cowen dropped their target price on shares of Lennox International from $325.00 to $295.00 in a research report on Tuesday. Morgan Stanley increased their price target on Lennox International from $253.00 to $254.00 and gave the company an “equal weight” rating in a research note on Tuesday. StockNews.com initiated coverage on Lennox International in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, TheStreet lowered Lennox International from a “b-” rating to a “c+” rating in a research note 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 stock. According to MarketBeat.com, Lennox International presently has an average rating of “Hold” and an average target price of $279.56.

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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