|Bid||277.66 x 800|
|Ask||278.08 x 1300|
|Day's Range||272.40 - 279.08|
|52 Week Range||163.40 - 297.00|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||30.01|
|Earnings Date||Oct 19, 2020|
|Forward Dividend & Yield||3.08 (1.09%)|
|Ex-Dividend Date||Sep 30, 2020|
|1y Target Est||275.79|
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
LII earnings call for the period ending September 30, 2020.
Lennox International reported better-than-expected 3Q result. Its EPS increased 6% to $3.53 year-over-year and came ahead of the Street's estimates of $3.03. The climate control products provider said 3Q revenues increased 2% to $1.06 billion year-over-year exceeding analysts’ expectations of $970.1 million.Shares are down 3.4% as Lennox (LII) CEO Todd Bluedorn cautioned that the company continues to "face highly uncertain economic conditions in the fourth quarter" and remains "cautious on the potential impact from the pandemic heading into the winter season".However, Bluedorn believes that the company is “competitively well-positioned to capitalize on market opportunities with a seasoned team experienced in managing through downturns.” Lennox said it now expects 2020 revenue to decline 5%-9% versus the 10%-15% drop it forecast previously. The company lifted its 2020 adjusted EPS guidance and estimates earnings to be in the range of $9.05-$9.65 per share up from its previous projection of $7.90-$8.70.Lennox expects to generate free cash flow of about $425 million in 2020 up from the $340 million previous forecast. (See LII stock analysis on TipRanks).Following the results, Cowen & Co. analyst Gautam Khanna maintained his Hold rating and a price target of $240 (13.8% downside potential). Shares are up already about 16% this year. The analyst said that the “stock is apt to remain strong on the results, despite its high multiple.”Currently, the Street is sidelined on the stock. The Hold analyst consensus is based on 8 Holds, 1 Buy and 1 Sell. The $260.13 average price target implies downside potential of 6.9% to current levels.Related News: Kansas City Misses 3Q Sales Est.; Shares Drop VF Tops 2Q Estimates; Shares Decline Halliburton 3Q Sales Miss The Street; Shares Decline More recent articles from Smarter Analyst: * AMC Spikes 14% As Movie Theatres To Reopen; Street Sees 70% Upside * Smart Global To Buy Cree’s LED Business For $300M * ConocoPhillips Snaps Up Rival Concho in $9.7B Deal; Shares Advance * AstraZeneca Gets EU Recommendations For Heart Failure, Lung Treatments