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Lennox (LII) Hits New 52-Week High: What's Driving the Stock?
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Shares of Lennox International Inc. (LII - Free Report) reached a new 52-week high of $185.37 during its trading session on Jun 13. This apex improved upon the last 52-week high of $182.21 on Jun 12.
In the last three months, shares of the company yielded 7.47% return, outperforming the gain of 1.73% seen by the Zacks categorized Building Products Air Conditioner and Heating industry.
On Jun 13, Lennox closed its trading session at $184.55, yielding a year-to-date return of roughly 20.8%. The trading volume for the session was approximately 0.38 million shares. Positive earnings estimate revisions for 2017 and 2018 as well as earnings growth expectation of 17.10% in the next five years indicate the stock’s potential for further price appreciation.
Growth Drivers
Lennox’s financial performance has been impressive in the last four quarters, with an average positive earnings surprise of 8.81%. Stellar performance in first-quarter 2017 as well as the company’s shareholder-friendly policies drove shares higher by 9.6% since Apr 24. A sneak peek into the results reveals that improvement in profitability was achieved on the back of healthy segmental business and improvement in margins.
In addition, Lennox’s forecasts for 2017 have boosted market sentiments. Revenues are predicted to grow in a 3−7% range. Adjusted earnings are expected to be $7.55−$8.15 per share, above $6.95 recorded in the previous year.
Notably, in May, Lennox announced a 19% hike in its quarterly dividend to 51 cents per share. Also, the company is committed toward accomplishing a $250 million worth share buyback program in 2017.
Over the last 30 days, the Zacks Consensus Estimate for the stock increased 0.13% to $7.92 for 2017 and 0.56% to $8.96 for 2018. These estimates represent year-over-year growth of 14.02% for 2017 and 13.01% for 2018.
With a market capitalization of $7.88 billion, Lennox International currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the building products industry include Tecogen Inc. (TGEN - Free Report) , Boise Cascade, L.L.C. (BCC - Free Report) and Potlatch Corporation (PCH - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Tecogen’s bottom-line estimates for 2017 and 2018 were revised upward in the last 60 days. Also, the company’s average earnings surprise for the last four quarters was a positive 112.50%.
Boise Cascade’s average earnings surprise for the last four quarters was a positive 114.74%. Also, earnings expectations for 2017 and 2018 improved over the past 60 days.
Potlatch Corporation’s earnings estimates for 2017 and 2018 were revised upward in the last 60 days. Also, the company’s average earnings surprise for the last four quarters was a positive 42.59%.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
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Lennox (LII) Hits New 52-Week High: What's Driving the Stock?
Shares of Lennox International Inc. (LII - Free Report) reached a new 52-week high of $185.37 during its trading session on Jun 13. This apex improved upon the last 52-week high of $182.21 on Jun 12.
In the last three months, shares of the company yielded 7.47% return, outperforming the gain of 1.73% seen by the Zacks categorized Building Products Air Conditioner and Heating industry.
On Jun 13, Lennox closed its trading session at $184.55, yielding a year-to-date return of roughly 20.8%. The trading volume for the session was approximately 0.38 million shares. Positive earnings estimate revisions for 2017 and 2018 as well as earnings growth expectation of 17.10% in the next five years indicate the stock’s potential for further price appreciation.
Growth Drivers
Lennox’s financial performance has been impressive in the last four quarters, with an average positive earnings surprise of 8.81%. Stellar performance in first-quarter 2017 as well as the company’s shareholder-friendly policies drove shares higher by 9.6% since Apr 24. A sneak peek into the results reveals that improvement in profitability was achieved on the back of healthy segmental business and improvement in margins.
In addition, Lennox’s forecasts for 2017 have boosted market sentiments. Revenues are predicted to grow in a 3−7% range. Adjusted earnings are expected to be $7.55−$8.15 per share, above $6.95 recorded in the previous year.
Notably, in May, Lennox announced a 19% hike in its quarterly dividend to 51 cents per share. Also, the company is committed toward accomplishing a $250 million worth share buyback program in 2017.
Over the last 30 days, the Zacks Consensus Estimate for the stock increased 0.13% to $7.92 for 2017 and 0.56% to $8.96 for 2018. These estimates represent year-over-year growth of 14.02% for 2017 and 13.01% for 2018.
Lennox International, Inc. Price and Consensus
Lennox International, Inc. Price and Consensus | Lennox International, Inc. Quote
Zacks Rank & Stocks to Consider
With a market capitalization of $7.88 billion, Lennox International currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the building products industry include Tecogen Inc. (TGEN - Free Report) , Boise Cascade, L.L.C. (BCC - Free Report) and Potlatch Corporation (PCH - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Tecogen’s bottom-line estimates for 2017 and 2018 were revised upward in the last 60 days. Also, the company’s average earnings surprise for the last four quarters was a positive 112.50%.
Boise Cascade’s average earnings surprise for the last four quarters was a positive 114.74%. Also, earnings expectations for 2017 and 2018 improved over the past 60 days.
Potlatch Corporation’s earnings estimates for 2017 and 2018 were revised upward in the last 60 days. Also, the company’s average earnings surprise for the last four quarters was a positive 42.59%.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>