Lennox International Reports Third Quarter Results
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Lennox International (LII) PT Raised to $264 at Deutsche Bank
October 22, 2019 8:52 AM EDTDeutsche Bank analyst Nicole DeBlase raised the price target on Lennox International (NYSE: LII) to $264.00 (from $253.00) while maintaining a Buy rating following results.
The analyst commented, "We were surprised by the LII stock price reaction to 3Q results. Quite... More
Lennox (LII) Misses Q3 EPS by 7c; Lowers FY19 EPS Mid-Point Guidance Below Consensus
October 21, 2019 7:33 AM EDTLennox (NYSE: LII) reported Q3 EPS of $3.34, $0.07 worse than the analyst estimate of $3.41. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.02 billion.
"Adverse weather conditions continued in the third quarter with cooler weather than last year in key swing regions and for the U.S. overall," said Chairman and CEO Todd Bluedorn. "This was a major headwind to our Residential business following the significantly cooler and wetter weather of the second quarter. On a reported basis, Residential segment revenue was a third-quarter record $638 million, up 7%... More
