Lennox International, Inc.
) hit a new 52-week high of $85.65 on Dec 26 and eventually
closed at $84.86. The share price of this diversified machinery
company has been gaining momentum since the company raised its
guidance for 2013.
Year-to-date, Lennox's share prices recorded a healthy return
of 57.4%. The company's long-term estimated earnings per share
growth rate is 22.3%. The average volume of shares traded over
the last three months came in at 377.5K.
Lennox reported improved year-over-year results for the third
quarter of 2013 with adjusted earnings per share of $1.30, up 34%
year over year. The year-over-year rise was mainly due to higher
volumes and price/mix.
Management has recently upgraded its guidance. Adjusted
earnings per share for 2013 is expected in the range of $3.60 to
$3.75 against the earlier projected range of $3.50 to $3.75.
Revenue growth range was also hiked to 7%-8% from 6%-8%.
Additionally, the company expects to earn adjusted earnings
per share in the range of $4.20 to $4.60 in 2014. Revenue growth
in the range of 3% to 7% is predicted. While the company plans
$90 million in capital expenditure, $150 million is allocated for
The revision of 2013 guidance and initial projections for 2014
has triggered an upwards revision of the earnings estimates for
Lennox. In the past seven days, the Zacks Consensus Estimate for
2013 has increased 0.8% to $3.67 while rising by 1.1% to $4.45
Other Stocks to Consider
Lennox currently carries a Zacks Rank #2 (Buy). Other stocks
worth a watch in the industry include
Comfort Systems USA Inc.
CaesarStone Sdot-Yam Ltd.
). While Comfort Systems and CaesarStone Sdot-Yam carry a Zacks
Rank #1 (Strong Buy), Nortek holds a Zacks Rank #2.
CAESAR STONE SD (CSTE): Free Stock Analysis
COMFORT SYSTEMS (FIX): Free Stock Analysis
LENNOX INTL INC (LII): Free Stock Analysis
NORTEK INC (NTK): Get Free Report
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