Lennox International (LII) Releases Earnings Results, Beats Expectations By $0.05 EPS

Lennox International (LII) reported quarterly earnings results on Monday, Apr-18-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.55. The company posted revenue of $715.20 million in the period, compared to analysts expectations of $723.35 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Lennox International. Lennox International was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 14, 2016. Goldman Downgraded Lennox International on Mar 28, 2016 to ” Neutral”, Price Target of the shares are set at $136.

Lennox International opened for trading at $140.75 and hit $141.16 on the upside on Friday, eventually ending the session at $140.84, with a gain of 0.21% or 0.3 points. The heightened volatility saw the trading volume jump to 6,93,322 shares. Company has a market cap of $6,296 M.

In a different news, on Mar 17, 2016, Todd M Bluedorn (Chairman and CEO) sold 46,434 shares at $130.86 per share price. According to the SEC, on Mar 17, 2016, John D Torres (EVP, Chief Legal Officer) sold 11,522 shares at $130.07 per share price. On Mar 17, 2016, Terry L Johnston (President and COO, Commercial) sold 6,528 shares at $130.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs manufactures and market a range of products for the heating ventilation air conditioning and refrigeration (HVACR) markets. The Company operates in three segments. The Residential Heating & Cooling segment’s products and services include furnaces air conditioners heat pumps packaged heating and cooling systems indoor air equipment comfort control products and replacement parts. The Commercial Heating & Cooling segment’s products and services include unitary heating and air conditioning equipment applied systems controls installation and service of commercial heating and cooling equipment. The Refrigeration segment’s products and services include condensing units unit coolers fluid coolers air cooled condensers air handlers process chillers controls compressorized racks supermarket display cases and systems.

Lennox International

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