Jefferies Financial Group Weighs in on Lennox International Inc.’s Q2 2022 Earnings (NYSE:LII)

Lennox International Inc. (NYSE:LIIGet Rating) – Analysts at Jefferies Financial Group cut their Q2 2022 earnings per share estimates for Lennox International in a research note issued on Monday, April 25th. Jefferies Financial Group analyst S. Volkmann now expects that the construction company will post earnings per share of $4.70 for the quarter, down from their prior estimate of $4.90. Jefferies Financial Group also issued estimates for Lennox International’s Q4 2022 earnings at $2.91 EPS and FY2022 earnings at $14.15 EPS.

Several other equities research analysts also recently commented on LII. Stephens lowered their price objective on shares of Lennox International from $335.00 to $275.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com started coverage on shares of Lennox International in a research note on Thursday, March 31st. They set a “hold” rating for the company. Mizuho cut their price objective on shares of Lennox International from $295.00 to $225.00 and set an “underperform” rating for the company in a report on Tuesday. Credit Suisse Group cut their price objective on shares of Lennox International from $258.00 to $242.00 and set an “underperform” rating for the company in a report on Tuesday. Finally, TheStreet downgraded shares of Lennox International from a “b-” rating to a “c+” rating in a report on Wednesday, February 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and an average target price of $281.10.

Shares of LII stock opened at $224.07 on Wednesday. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.35 and a beta of 0.88. Lennox International has a 52-week low of $223.62 and a 52-week high of $356.36. The company’s 50 day moving average is $258.07 and its 200 day moving average is $287.80.

Lennox International (NYSE:LIIGet Rating) last announced its quarterly earnings results on Monday, April 25th. The construction company reported $2.36 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.29. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $977.60 million. Lennox International had a net margin of 11.06% and a negative return on equity of 192.84%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SWS Partners raised its position in shares of Lennox International by 43.5% in the fourth quarter. SWS Partners now owns 5,325 shares of the construction company’s stock valued at $1,727,000 after buying an additional 1,614 shares during the last quarter. FDx Advisors Inc. boosted its position in shares of Lennox International by 8.9% in the fourth quarter. FDx Advisors Inc. now owns 4,096 shares of the construction company’s stock worth $1,329,000 after buying an additional 335 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Lennox International by 240.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 36,680 shares of the construction company’s stock valued at $10,790,000 after buying an additional 25,907 shares during the period. Eagle Bay Advisors LLC purchased a new position in Lennox International in the 3rd quarter valued at about $27,000. Finally, Dupont Capital Management Corp grew its stake in Lennox International by 1.7% during the 3rd quarter. Dupont Capital Management Corp now owns 7,984 shares of the construction company’s stock valued at $2,349,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 64.12% of the company’s stock.

In other Lennox International news, EVP Daniel M. Sessa sold 2,000 shares of Lennox International stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $268.12, for a total value of $536,240.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John D. Torres sold 2,013 shares of Lennox International stock in a transaction on Thursday, March 24th. The shares were 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. Insiders have sold a total of 13,311 shares of company stock worth $3,561,574 over the last quarter. 3.40% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $3.68 annualized dividend and a yield of 1.64%. Lennox International’s dividend payout ratio is currently 29.70%.

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.

Further Reading

Earnings History and Estimates for Lennox International (NYSE:LII)

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