Lennox International Inc. to Post Q2 2022 Earnings of $4.65 Per Share, KeyCorp Forecasts (NYSE:LII)

Lennox International Inc. (NYSE:LIIGet Rating) – Equities researchers at KeyCorp dropped their Q2 2022 EPS estimates for shares of Lennox International in a note issued to investors on Monday, April 25th. KeyCorp analyst J. Hammond now forecasts that the construction company will earn $4.65 per share for the quarter, down from their prior forecast of $4.79. KeyCorp also issued estimates for Lennox International’s FY2022 earnings at $14.05 EPS and FY2023 earnings at $15.65 EPS.

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

A number of other analysts have also recently weighed in on the company. Barclays dropped their price target on Lennox International from $300.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Cowen reduced their price target on shares of Lennox International from $325.00 to $295.00 in a report on Tuesday. TheStreet cut shares of Lennox International from a “b-” rating to a “c+” rating in a report on Wednesday, February 16th. Stephens cut their price objective on shares of Lennox International from $335.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Cowen decreased their target price on shares of Lennox International from $325.00 to $295.00 in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Lennox International has an average rating of “Hold” and an average price target of $281.10.

Shares of NYSE LII opened at $224.07 on Wednesday. The firm’s 50-day moving average price is $258.07 and its two-hundred day moving average price is $287.80. Lennox International has a 52-week low of $223.62 and a 52-week high of $356.36. The stock has a market capitalization of $8.08 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.35 and a beta of 0.88.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.64%. Lennox International’s dividend payout ratio is presently 29.70%.

In related news, EVP John D. Torres sold 2,013 shares of the firm’s stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $261.04, for a total transaction of $525,473.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel M. Sessa sold 2,000 shares of Lennox International stock in a transaction that occurred on Wednesday, March 16th. The stock was 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. In the last three months, insiders have sold 13,311 shares of company stock worth $3,561,574. 3.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Impax Asset Management Group plc lifted its position in shares of Lennox International by 7.0% in the 4th quarter. Impax Asset Management Group plc now owns 535,633 shares of the construction company’s stock valued at $173,151,000 after acquiring an additional 35,026 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lennox International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 468,286 shares of the construction company’s stock valued at $151,681,000 after purchasing an additional 4,202 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Lennox International by 52.1% in the third quarter. Schroder Investment Management Group now owns 281,998 shares of the construction company’s stock worth $82,955,000 after buying an additional 96,641 shares during the period. True North Advisors LLC purchased a new position in shares of Lennox International during the fourth quarter valued at $64,763,000. Finally, UBS Asset Management Americas Inc. raised its position in Lennox International by 0.9% during the third quarter. UBS Asset Management Americas Inc. now owns 160,194 shares of the construction company’s stock valued at $47,124,000 after buying an additional 1,379 shares during the period. Institutional investors and hedge funds own 64.12% of the company’s stock.

About Lennox International (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)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.