264.00 0.00 (0.00%)
After hours: 4:50PM EDT
|Bid||263.88 x 1000|
|Ask||263.66 x 900|
|Day's Range||263.00 - 272.00|
|52 Week Range||177.36 - 298.49|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||27.45|
|Earnings Date||Jul 22, 2019|
|Forward Dividend & Yield||3.08 (1.10%)|
|1y Target Est||253.43|
Lennox International (NYSE: LII ) shares are trading lower after the company reported second-quarter earnings of $3.74 per share, which missed the analyst consensus estimate of $4.14 by 9.66%. This is ...
Shares of Lennox International dropped on Monday after the Dallas provider of commercial and residential heating and cooling equipment missed analysts' estimates for second-quarter earnings and sales. A survey of analysts by FactSet produced consensus estimates of profit of $4.12 a share on sales of $1.15 billion. Lennox Chairman and CEO Todd Bluedorn said in a statement that the results reflected cooler temperatures and higher precipitation across the U.S., particularly in key central regions.
Lennox (LII) delivered earnings and revenue surprises of -9.88% and -4.65%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Lennox International Inc. slumped 5.7% in premarket trading Monday, after the heating, ventilation and air conditioning (HVAC) company reported second-quarter earnings that missed expectations and cut its full-year outlook, citing adverse weather conditions. Net income fell to $110.7 million, or $2.80 a share, from $137.6 million, or $3.35 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose 2% to $3.74, but was below the FactSet consensus of $4.12. Revenue fell 6% to $1.10 billion, missing the FactSet consensus of $1.15 billion. Residential heating and cooling revenue fell 4% to $689 million, missing the FactSet consensus of $733 million, commercial heating and cooling revenue rose 4% to $261 million to beat expectations of $258 million and refrigeration revenue increased 2% to $149 million to top expectations of $148 million. For 2019, Lennox cut its guidance for adjusted EPS to $11.30 to $11.90 from $12.00 to $12.60 and for revenue growth to 2% to 5% from 3% to 7%. "Significantly cooler temperatures and higher precipitation across the United States adversely impacted the HVAC market in the second quarter, and especially in key Central regions where cooling degree days were down over 30% and precipitation was up over 60%," said Chief Executive Todd Bluedorn. The stock has rallied 27.4% year to date, while the Dow Jones Industrial Average has advanced 16.4%.
- Revenue on a GAAP basis down 6%, including 8% of negative impact from the tornado, divestitures and foreign exchange - Excluding divestitures, adjusted revenue down 1%, including 3% of negative tornado ...
Todd Bluedorn became the CEO of Lennox International Inc. (NYSE:LII) in 2007. First, this article will compare CEO...
Watsco's (WSO) second-quarter 2019 results are affected by unfavorable weather and increased SG&A expenses. Yet, acquisition-related activities remain strong.
Lennox (LII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DALLAS , July 15, 2019 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced the appointment of Sherry L. Buck as a member of its board of directors, effective July 12, 2019 . Ms. Buck ...
Lennox shares have returned 36% since November 2, when Barron’s recommend them. We still like the air-conditioning industry, but everything has its price.
DALLAS , July 8, 2019 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced it plans to report second quarter 2019 financial results before the market opens on Monday, July 22, 2019 . A ...
Lennox International Inc. (NYSE:LII) is a stock with outstanding fundamental characteristics. When we build an...
Chairman and CEO of Lennox International Inc (NYSE:LII) Todd M Bluedorn sold 25,181 shares of LII on 06/20/2019 at an average price of $271.15 a share.
A market surge in the first quarter, spurred by easing global macroeconomic concerns and Powell's pivot ended up having a positive impact on the markets and many hedge funds as a result. The stocks of smaller companies which were especially hard hit during the fourth quarter slightly outperformed the market during the first quarter. Unfortunately, […]
RICHARDSON, Texas, June 19, 2019 /PRNewswire/ -- For the 10th year in a row, Lennox International opened the annual nomination process for its community outreach program, Feel The Love, to lend a helping hand to families in need, specifically those with critical home comfort necessities. Lennox' Feel The Love program invites individuals and local organizations across the country to nominate deserving families or individuals in their communities to receive heating or cooling equipment at no cost. Lennox provides the equipment, and Lennox dealers donate their labor and installation materials.
As if U.S.-China tensions weren't worrying enough, there is now a new downside risk rattling the markets: Mexico tariffs.The Trump administration recently threatened across-the-board tariffs on imports from Mexico. That followed a tweet from President Trump on May 30 stating "On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico." This figure would steadily increase to 25% by October unless Mexico takes more forceful action to prevent migrants from illegally entering the U.S.Goldman Sachs says investors should prepare for the worst. "At least the first 5% tariff on imports from Mexico planned for June 10 will be implemented," Ben Snider, an equity strategist at Goldman Sachs, wrote in a recent note. "Escalation of the trade war poses a risk to both corporate profit margins and the health of the US consumer, who will likely absorb the majority of the tariffs via higher prices.".Deutsche Bank senior economist Matthew Luzzetti wrote in a June 4 report, "If implemented, these tariffs would be highly disruptive to the US economy given the scope ... of the trading relationship between the two economies." He points out that American imports from Mexico were about $350 billion in 2018, or 1.7% of GDP. Which stocks could suffer most from this new American trade-war front? Here are five stocks that TipRanks data shows are most vulnerable to the proposed Mexico tariffs. Exposure to Mexico isn't necessarily a reason for long-term buy-and-holders to sell. But it's important to know that volatility might be ahead ... and in some cases, investors might even want to consider buying on the dip to benefit from an eventual resolution. SEE ALSO: 13 Blue-Chip Stocks to Buy on the Next Dip
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
DALLAS , June 3, 2019 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) today announced that Chairman and CEO Todd Bluedorn is scheduled to present at the William Blair 39 th Annual Growth Stock Conference ...