High levels of insider ownership at Lennox International may suggest the company is run in the interest of all shareholders. However, the selling of shares by insiders over the last year does not inspire confidence.
Lennox International's revenue growth is predicted to slow down significantly, with a projected annual growth of 3.3% until 2024, compared to its past five-year growth rate of 6.5%. This is slower than the industry's expected annual growth of 5.0%.
Lennox International's positive outlook is reflected in its above-industry share price. However, its high PE ratio suggests limited upside from mispricing. Investors should consider other factors, anticipating a potential price drop.
CEO Alok Maskara appreciates Reitmeier's strategic leadership that led to substantial shareholder value growth and exceptional financial performance. He also shows confidence in Quenzer who holds a record of success at Lennox.
Pre-Market Stock Movers Gapping up $Wyndham Hotels & Resorts (WH.US)$ (The stock soared over 15% after$Choice Hotels International (CHH.US)$, down 6%, disclosed it made an offer to its rival for about $7.8 billion in a cash and stock deal.) $Johnson & Johnson (JNJ.US)$ (The stock rose 1.5% after the drugmaker raised its 2023 profit forecast, helped by resilient demand for its anti-inflammatory drug Stelara and recorded a $...
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Wall Street expects$Meta Platforms (FB.US)$to report quarterly earnings at $3.19 per share on revenue of $29.58 billion after the closing bell. Facebook shares dropped 5.1% to close at $324.61 on Friday. $Tesla (TSLA.US)$CEO Elon Musk said the electric vehicle maker has rolled back the latest version of full self-driving (FSD) beta software a day after it was released. Tesla shares gained 1.8% to close at $909.68 on Friday. Analysts are expecting$Lennox International (LII.US)$to have earned $3.64 per share on revenue of $1.13 billion for the latest quarter. The company will release earnings before the markets open. Lennox shares rose 0.5% to settle at $312.18 on Friday.
Lennox International Stock Forum
Gapping up
$Wyndham Hotels & Resorts (WH.US)$
(The stock soared over 15% after $Choice Hotels International (CHH.US)$ , down 6%, disclosed it made an offer to its rival for about $7.8 billion in a cash and stock deal.)
$Johnson & Johnson (JNJ.US)$
(The stock rose 1.5% after the drugmaker raised its 2023 profit forecast, helped by resilient demand for its anti-inflammatory drug Stelara and recorded a $...
Gap Ups
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$Tesla (TSLA.US)$ CEO Elon Musk said the electric vehicle maker has rolled back the latest version of full self-driving (FSD) beta software a day after it was released. Tesla shares gained 1.8% to close at $909.68 on Friday.
Analysts are expecting $Lennox International (LII.US)$ to have earned $3.64 per share on revenue of $1.13 billion for the latest quarter. The company will release earnings before the markets open. Lennox shares rose 0.5% to settle at $312.18 on Friday.
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