Breaking News Instant updates and real-time market news.

LII

Lennox

$225.37

2.76 (1.24%)

18:19
08/20/18
08/20
18:19
08/20/18
18:19

Lennox cuts FY18 adjusted EPS view to $8.90-$9.30 from $9.95-$10.35

FY18 consensus $10.25. Lennox announced the estimated financial impacts and insurance offsets expected for the company following the tornado that damaged its manufacturing facility in Marshalltown, Iowa on July 19, as previously announced. For the second half of 2018, the company estimates approximately $100M in lost revenue in the Residential Heating & Cooling business segment as a result of the tornado, and approximately $55M in lost profit. In addition to the lost revenue impact, the company currently estimates special pre-tax charges related to the tornado of approximately $80M in 2018, including site clean-up costs, asset write-offs, and factory-inefficiency costs. Over the course of 2018 and 2019, Lennox International expects business interruption and property insurance proceeds to offset both the earnings impact from lower revenue and the special non-core charges resulting from the tornado. The company is updating 2018 guidance for GAAP revenue growth from 4-6% to 2-4%. The company is updating 2018 guidance for adjusted revenue growth from 6-8% to 4-6%. Adjusted revenue growth excludes the impact of the company's divestitures within its Refrigeration business this year. The $55M of lower profit expected in the Residential segment in 2018 equates to approximately $1.05 of impact to EPS from continuing operations. The offsetting proceeds from business interruption insurance are expected in either the second half of 2018 or in 2019. Assuming proceeds are not received until 2019, the company expects a negative $1.05 impact to 2018 EPS and a $1.05 benefit to 2019 EPS. The offsetting proceeds from property insurance that will cover the special pre-tax charges of approximately $80M are expected in 2018. Accordingly, the company is updating 2018 guidance for GAAP EPS from continuing operations from $9.43-$9.83 to a new range of $8.38-$8.78. The company is updating 2018 guidance for adjusted EPS from continuing operations from $9.95-$10.35 to a new range of $8.90-$9.30. The company reiterates 2018 guidance for $450M of stock repurchases in total for the year. "The strong focus and commitment to serving our customers across North America continues," said Chairman and CEO Todd Bluedorn. "While we have lots of hard work in front of us, I am extremely confident in the LII team's ability to mitigate the impact from the tornado and execute the recovery process."

LII Lennox
$225.37

2.76 (1.24%)

06/27/18
WOLF
06/27/18
INITIATION
Target $199
WOLF
Underperform
Lennox initiated with an Underperform at Wolfe Research
Wolfe Research initiated Lennox with an Underperform and price target of $199.
07/12/18
KEYB
07/12/18
NO CHANGE
KEYB
KeyBanc favors Ingersoll-Rand, more cautious on Watsco ahead of results
Following his quarterly channel checks, KeyBanc analyst Jeffrey Hammond views expectations for +MSD industry growth in Q2 as fully supported, and while share dynamics appear to be stabilizing, he still expects Lennox (LII) and Ingersoll-Rand (IR) to sustain outgrowth, but at a more moderate rate versus previous quarters. In addition, the analyst notes he received near-unanimous affirmation that midyear price increases are passing through without resistance, which signals positively for HVAC OEMs and distributors alike. Heading into quarterly results, Hammond favors Ingersoll-Rand, and is more cautious on Watsco (WSO) given concerns around its ability to deliver on margins versus raised expectations.
07/24/18
GHSC
07/24/18
DOWNGRADE
GHSC
Neutral
Lennox downgraded to Neutral on valuation at Seaport Global
Seaport Global analyst Walt Liptak downgraded Lennox to Neutral from Buy due to valuation and maintained a $220 price target on shares.
08/20/18
MSCO
08/20/18
INITIATION
Target $201
MSCO
Underweight
Lennox initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski initiated Lennox with an Underweight rating and a price target of $201 as part of his broader research note on Electrical Equipment & Multi-Industry Industrial stocks. The analyst contends that the risk-reward on the stock is less favorable based on its valuation being near relative highs and given the later stages of its end-markets' replacement cycle. The analyst adds that he sees "few imminent catalysts" for stock price downside outside of the extended valuation.

TODAY'S FREE FLY STORIES

TWTR

Twitter

$31.16

-1.1 (-3.41%)

, SQ

Square

$68.86

1.16 (1.71%)

13:41
01/23/19
01/23
13:41
01/23/19
13:41
Periodicals
Twitter CEO tells Rolling Stone work on abuse 'needs to be done' »

Twitter (TWTR) and Square…

TWTR

Twitter

$31.16

-1.1 (-3.41%)

SQ

Square

$68.86

1.16 (1.71%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

  • 07

    Feb

  • 25

    Feb

  • 03

    Mar

CTGO

Contango Ore

$0.00

(0.00%)

13:32
01/23/19
01/23
13:32
01/23/19
13:32
Hot Stocks
Contango Ore starts process to solicit proposals for potential sale »

Contango ORE announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ETFC

E-Trade

$49.05

-1.03 (-2.06%)

13:30
01/23/19
01/23
13:30
01/23/19
13:30
Options
Active trading in ETrade weekly options as shares fall ahead of earnings »

Active trading in ETrade…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

  • 11

    Feb

AG

First Majestic

$5.25

0.08 (1.55%)

13:25
01/23/19
01/23
13:25
01/23/19
13:25
Options
First Majestic call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:20
01/23/19
01/23
13:20
01/23/19
13:20
General news
U.S. corporate bond update: ADB's $3.5 B 5-year headlines today »

U.S. corporate bond…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
01/23/19
01/23
13:17
01/23/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
01/23/19
01/23
13:16
01/23/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

RCL

Royal Caribbean

$107.77

-0.84 (-0.77%)

13:15
01/23/19
01/23
13:15
01/23/19
13:15
Options
Royal Caribbean put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

JBHT

J.B. Hunt

$101.72

-2.03 (-1.96%)

13:12
01/23/19
01/23
13:12
01/23/19
13:12
Hot Stocks
J.B. Hunt raises quarterly dividend approx. 8.3% to 26c per share »

J.B. Hunt Transport…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:10
01/23/19
01/23
13:10
01/23/19
13:10
General news
Treasury Option Action: flows remain at low ebb »

Treasury Option Action:…

NTDOY

Nintendo

$0.00

(0.00%)

, TTWO

Take-Two

$101.62

-5.62 (-5.24%)

13:09
01/23/19
01/23
13:09
01/23/19
13:09
Periodicals
NPD says 'Smash Bros.' best-selling game in December in U.S., GI reports »

According to NDP Group,…

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$101.62

-5.62 (-5.24%)

ATVI

Activision Blizzard

$45.97

-1.07 (-2.27%)

EA

Electronic Arts

$89.46

-1.84 (-2.02%)

SNE

Sony

$48.27

-0.185 (-0.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

  • 05

    Feb

  • 06

    Feb

  • 12

    Feb

  • 25

    Feb

WBA

Walgreens Boots Alliance

$71.40

-0.19 (-0.27%)

13:07
01/23/19
01/23
13:07
01/23/19
13:07
Recommendations
Walgreens Boots Alliance analyst commentary  »

Walgreens already…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jan

TSLA

Tesla

$284.24

-14.56 (-4.87%)

13:04
01/23/19
01/23
13:04
01/23/19
13:04
Periodicals
Tesla scaled down Model S and X staff in recent layoffs, CNBC says »

According to a CNBC…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Jan

KCAP

KCAP Financial

$3.51

-0.05 (-1.40%)

13:01
01/23/19
01/23
13:01
01/23/19
13:01
Hot Stocks
Private Management Group reports 6.59% passive stake in KCAP Financial »

In a regulatory filing,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TIGO

Millicom

$62.07

-7.03 (-10.17%)

13:00
01/23/19
01/23
13:00
01/23/19
13:00
Hot Stocks
Gabelli says 'gotta buy' Millicom on today's selloff »

Mario Gabelli is speaking…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$261.89

-1.165 (-0.44%)

13:00
01/23/19
01/23
13:00
01/23/19
13:00
Hot Stocks
Trump says will deliver SOTU address next week in House Chamber »

U.S. President Donald…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$261.89

-1.165 (-0.44%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MTZ

MasTec

$43.51

-2.08 (-4.56%)

13:00
01/23/19
01/23
13:00
01/23/19
13:00
Options
Defensive option play in MasTec as shares drop almost 5% »

Defensive option play in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CVNA

Carvana

$36.10

0.46 (1.29%)

, AN

AutoNation

$36.08

-0.96 (-2.59%)

12:58
01/23/19
01/23
12:58
01/23/19
12:58
Hot Stocks
Gabelli mentions Carvana, AutoNation as stock picks »

Mario Gabelli is speaking…

CVNA

Carvana

$36.10

0.46 (1.29%)

AN

AutoNation

$36.08

-0.96 (-2.59%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jan

  • 29

    Jan

  • 22

    Feb

  • 27

    Feb

  • 27

    Feb

F

Ford

$8.32

-0.19 (-2.23%)

, GM

General Motors

$37.69

-0.49 (-1.28%)

12:58
01/23/19
01/23
12:58
01/23/19
12:58
Earnings
Fly Intel: What to watch in auto sector earnings reports »

Ford (F) is scheduled to…

F

Ford

$8.32

-0.19 (-2.23%)

GM

General Motors

$37.69

-0.49 (-1.28%)

VLKAY

Volkswagen

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

  • 06

    Feb

  • 25

    Apr

  • 24

    Jul

  • 23

    Oct

GFF

Griffon

$12.99

-0.185 (-1.40%)

12:54
01/23/19
01/23
12:54
01/23/19
12:54
Hot Stocks
Breaking Hot Stocks news story on Griffon »

Griffon jumps 5% to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NVS

Novartis

$88.06

-0.2 (-0.23%)

12:53
01/23/19
01/23
12:53
01/23/19
12:53
Periodicals
Novartis preparing for 'doomsday' scenario in cancer treatment, BI reports »

Novartis is preparing for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MSG

Madison Square Garden

$271.84

-2.105 (-0.77%)

12:52
01/23/19
01/23
12:52
01/23/19
12:52
Hot Stocks
Madison Square Garden shares could be worth as much as $350, Gabelli says »

Mario Gabelli is speaking…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Feb

GFF

Griffon

$13.01

-0.165 (-1.25%)

, ENR

Energizer

$45.35

0.07 (0.15%)

12:51
01/23/19
01/23
12:51
01/23/19
12:51
Hot Stocks
Griffon, Energizer mentioned as stock picks by Mario Gabelli »

Mario Gabelli is speaking…

GFF

Griffon

$13.01

-0.165 (-1.25%)

ENR

Energizer

$45.35

0.07 (0.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Feb

CVE

Cenovus Energy

$7.53

-0.21 (-2.71%)

12:50
01/23/19
01/23
12:50
01/23/19
12:50
Options
Cenovus Energy call buyers adding to positions opened yesterday »

Cenovus Energy call…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TLRA

Telaria

$3.22

0.03 (0.94%)

12:47
01/23/19
01/23
12:47
01/23/19
12:47
Recommendations
Telaria analyst commentary  »

Telaria shares well…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.