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$47 million estate in Miami marks the highest publicly marketed home sale of the month, with multiple markets exceeding transactions above $20 million

ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, published the most expensive publicly marketed home sales across major U.S. metropolitan areas for the month of April. The full analysis is available here.

The list highlights the top closed sales in leading markets nationwide based on publicly marketed transactions recorded in multiple listing service (MLS) data. April’s most expensive sale occurred in Miami, where a waterfront estate in Coral Gables sold for $47 million. Los Angeles and Phoenix followed with $41 million and $32 million transactions respectively, while San Francisco recorded the fourth-highest publicly marketed sale at $27.5 million.

The full roundup of the most expensive publicly marketed home sales includes:

Miami: $47 million Los Angeles: $41.3 million Phoenix: $32.5 million San Francisco: $27.5 million New York City: $22 million Tampa: $19.1 million Seattle: $14 million Las Vegas: $10.5 million Boston: $9.5 million Atlanta: $7. 8 million San Diego: $7.4 million Washington, D.C.: $7 million Minneapolis: $6.7 million Chicago: $6.3 million Philadelphia: $5.8 million Denver: $5.6 million Charlotte: $5.2 million Nashville: $5.1 million Cleveland: $3.2 million A $21.5 million mansion in Houston’s River Oaks neighborhood was also included in the April roundup of top sales but is not reflected in the chart, as Texas is a nondisclosure state where home sale prices are not required to be publicly reported.

The distribution of these top-tier transactions highlights the continued concentration of ultra-luxury sales at the very top end of the market, led by water-view properties across several major metros. Miami, Los Angeles, Phoenix, San Francisco and New York City all recorded publicly marketed sales above $20 million, underscoring the continued demand for luxury homes with premium views and high-end amenities.

Based on MLS data found on Homes.com, the analysis captures publicly marketed transactions and does not include private or off-market deals, which are common in the highest tier of the housing market.

For more information and insights on the latest homebuying and selling market trends, visit Homes.com.

About Homes.com

The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members gain $36,400 in commission in their first year* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** and organic traffic to Homes.com was up more than 100% year-over-year every month of the first quarter of 2026. For more information, visit Homes.com.

*Based on an internal analysis of approximately 11,000 Member agents, which showed an average annual commission increase of $36,400. This figure represents an average and is not a guarantee of future performance. Individual results may vary based on market conditions, agent activity, and other factors.

** The Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: CoStar Group (CSGP - Free Report) CoStar Group is a prominent provider of online real estate marketplaces, data, and analytics in the United States. The company has been expanding its international footprint with operations in the United Kingdom, Spain, France, and Germany. CoStar Group's services cover various property types, including office, retail, industrial, multifamily, commercial land, mixed-use, and hospitality. Through the acquired businesses of Homesnap and Homes.com, it offers an online platform for residential real estate agents and brokers. Homebuyers can view residential property listings through the portal.

CSGP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. CSGP has a Growth Style Score of B, forecasting year-over-year earnings growth of 54% for the current fiscal year.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $1.34 per share. CSGP boasts an average earnings surprise of +23%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CSGP should be on investors' short list.

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National rent growth remains positive in May as spring leasing season momentum continues to lag

ARLINGTON, Va.--(BUSINESS WIRE)--Today Apartments.com, an industry-leading online marketplace of CoStar Group, Inc. (NASDAQ: CSGP), published its latest report on multifamily rent trends for May 2026.

U.S. apartment rents increased modestly in May, with the national average rising to $1,737, a +0.2% increase from April’s upwardly revised level of $1,733. This marks the sixth consecutive month of positive rent growth following a period of flat to declining monthly performance in the second half of 2025. On an annual basis, rent growth was flat at +0.7% in May 2026, in line with April’s reading and down from +1.3% one year earlier.

Both March and April were initially reported as +0.2% month over month and have been revised upward to +0.3%.

While apartment rent growth typically peaks at this stage of the spring leasing season, gains in May were modest, suggesting that spring leasing season momentum is more restrained than in a typical year. While monthly rent growth has stabilized since late 2025, supply conditions and more measured demand growth continue to restrain pricing momentum nationally.

Rent growth was broad-based across regions in May, with all five regions posting month-over-month increases. The Northeast and Pacific regions led on a monthly basis, both rising +0.3%, followed by the Midwest region at +0.2% and the South and Mountain regions, both at +0.1%. On an annual basis, regional performance was more uneven. The Midwest recorded the strongest year-over-year rent growth at +2.0%, followed by the Northeast at +1.3% and the Pacific at +1.2%. In contrast, rents declined year over year in the South, down -0.8%, and in the Mountain region, down -1.7%. Performance across Western markets continues to diverge, with supply-heavy Mountain metros facing greater pressure than more supply-constrained Pacific markets.

At the metro level, rent growth remained widespread in May, with 43 of the top 50 markets posting month-over-month increases, down slightly from 45 markets in April. San Jose led monthly rent growth with a +1.2% increase, followed by Tucson at +0.9% and San Francisco at +0.8%. Only seven major markets recorded monthly rent declines, with Las Vegas down -0.3%, Richmond down -0.2%, Fort Lauderdale, Phoenix, Los Angeles and Louisville each down -0.1%, and San Antonio also posting a slight decline.

On an annual basis, San Francisco continued to outperform, posting rent growth of +8.4%, followed by San Jose at +4.9%, Norfolk at +4.4% and Chicago at +2.9%. Meanwhile, markets experiencing the largest supply additions remained under pressure, led by Austin and San Antonio, both with -3.3% annual declines, followed by Denver at -3.1% and Las Vegas at -2.5%, reflecting new supply continuing to outpace demand.

Regionally, modest monthly rent gains are now widespread across the country, though year-over-year performance remains uneven and closely tied to local supply conditions. While many markets have moved past peak construction activity, a substantial—though gradually easing—inventory overhang continues to weigh on rent growth nationally as the 2026 spring leasing season progresses.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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It has been about a month since the last earnings report for CoStar Group (CSGP - Free Report) . Shares have lost about 5.3% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CoStar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

CoStar Group Q1 Earnings Beat Estimates, Revenues Up Y/YCoStar Group reported non-GAAP earnings of 23 cents per share in the first quarter of 2026, which surpassed the Zacks Consensus Estimate by 30.16%. The company reported earnings of 15 cents per share in the year-ago quarter, up 64.3% year over year.

Revenues of $897 million rose 22.5% year over year, missing the Zacks Consensus Estimate by 0.06%.

The quarter featured sharp profitability improvement, supported by cost efficiencies and strong performance across its real estate marketplaces. Annualized net new bookings were $67 million, up 20% from the year-ago period.

CoStar Sees Residential Growth Outpacing CRECoStar Group reported balanced growth across its two operating segments, with Residential Real Estate continuing to expand faster than the Commercial Real Estate portfolio. Commercial Real Estate revenue (52.6% of revenues) was $472 million, up 15.4% year over year, while Residential Real Estate revenue (47.4% of revenues) was $425 million, up 31.6% year over year.

Within Commercial Real Estate, CoStar Group’s revenues (36.9% of revenues) were $331, which increased 8.5% year over year.  LoopNet’s revenues (9.5% of revenues) were $85 million, which increased 16.4% year over year.  Other Commercial Real Estate revenues (6.2% of revenues) were $56 million, which increased 80.6% year over year, aided by contributions from acquired operations.

CSGP Leans on AI and Marketplaces to Drive EngagementIn the first quarter of 2026, the company highlighted the launch of the Homes.com AI application and pointed to stronger consumer interaction metrics tied to AI-driven search experiences, alongside ongoing progress in member growth for Homes.com.

In the reported quarter, CSGP continued product enhancements at Apartments.com, including expanded natural-language and voice-search capabilities, and highlighted pricing and inventory initiatives at LoopNet designed to broaden advertiser participation. These initiatives collectively reinforce CoStar Group’s strategy of pairing marketplace scale with technology-led differentiation to support sustained growth and expanding profitability.

CSGP Delivers Operating Leverage as EBITDA DoublesIn the reported quarter, selling and marketing expenses increased 14.1% year over year to $421 million. As a percentage of revenues, selling and marketing expenses were 46.9% compared with 50.4% in the year-ago quarter. General and administrative expenses, as a percentage of revenues, contracted 520 basis points (bps) on a year-over-year basis to 14%.

Software development expenses, as a percentage of revenues, expanded 30 bps, while Customer base amortization expenses rose 180 bps year over year.
Operating expenses increased 12.2% year over year to $698 million. As a percentage of revenues, operating expenses decreased 720 bps year over year to 77.8%.

Adjusted EBITDA was $132 million compared with the year-ago quarter’s $66 million. The adjusted EBITDA margin expanded 570 bps to 14.7%.

CSGP’s Balance Sheet & Cash Flow StatementCoStar Group reported cash and cash equivalents of $1.21 billion as of March 31, 2026, compared with $1.63 billion as of Dec. 31, 2025.

The company had a long-term debt of $994 million as of March. 31, 2026, compared with $993 million as of Dec. 31, 2025.

Cash generated by operating activities was $152 million in the reported quarter compared with $430 million in the previous quarter.

In the first quarter of 2026, CoStar Group repurchased 11.4 million shares for $505 million, with most of this executed through an accelerated share repurchase plan.

CoStar Group’s OutlookManagement reaffirmed 2026 revenue guidance of $3.78-$3.82 billion, implying continued double-digit growth at the midpoint. Adjusted EBITDA guidance for 2026 increased to $780-$820 million, representing a higher margin profile than previously expected.

For the second quarter of 2026, the company expects revenues between $922 million and $932 million. Adjusted EBITDA is expected to be in the range of $160-$180 million, with adjusted earnings per share anticipated to be in the range of 27 cents to 30 cents per share, signaling further sequential improvement in profitability.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

The consensus estimate has shifted 14.55% due to these changes.

VGM ScoresCurrently, CoStar has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock has a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, CoStar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerCoStar belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, ServiceNow (NOW - Free Report) , has gained 14.9% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

ServiceNow reported revenues of $3.77 billion in the last reported quarter, representing a year-over-year change of +22.1%. EPS of $0.97 for the same period compares with $0.81 a year ago.

For the current quarter, ServiceNow is expected to post earnings of $0.86 per share, indicating a change of +4.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

ServiceNow has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.

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Marks the Firm’s Third Liquidity Event This Month and Another Successful Exit for MidOcean’s Business Services Vertical

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the signing of the sale of Bora, Inc. and its subsidiaries (collectively, “Zonda” or the “Company”) to CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group”).

Zonda is the #1 data, marketplace, and software platform for the new home ecosystem. Zonda’s end-to-end platform spans land discovery, homebuilding, home discovery, and homebuying, and is delivered through three integrated offerings: subscription-based data and intelligence covering more than 500 housing metrics across North America; the leading new-home marketplace in the U.S. and Canada; and a full suite of software solutions for the virtual home evaluation experience, including visualization, customization, and tours. Customers rely on Zonda’s proprietary, AI-driven platform for mission-critical, daily decision making across the new home value chain.

MidOcean executed a focused value creation strategy that unified disparate industry assets into a comprehensive purpose-built platform for the new home market and significantly expanded the Company’s offerings across data, marketplaces, and software. During MidOcean’s ownership, Zonda completed nine strategic add-on acquisitions, broadened geographic coverage, invested heavily in proprietary and patented AI-driven data collection and workflow tools, and launched new products targeted to this $27 billion+ total addressable market. The Company more than doubled in scale, materially expanded margins, and achieved more than 50 consecutive quarters of year-over-year ARR growth – demonstrating a successful track record across all housing market conditions.

Sara Badham, Managing Director at MidOcean, commented, “With Zonda’s visionary management team, we set out to create the preeminent platform for data, insights and technology across the residential housing ecosystem. We continually invested behind that vision, in strategic acquisitions, technology, product and talent. Zonda is a trusted partner to its customers and a trusted source of intelligence across the market. We are incredibly proud of what we have built together with the Zonda team and we look forward to watching the Company’s continued success as part of CoStar Group.”

“MidOcean’s strategic insight, operational support, and capital partnership were instrumental in transforming Zonda into the platform it is today. We are excited to combine with the CoStar Group – a global leader in real estate information, analytics, and marketplaces – and look forward to continuing to deliver exceptional value to our customers as part of a larger platform with shared ambitions,” added Jeff Meyers, Founder and Chief Executive Officer of Zonda.

Houlihan Lokey Capital, Inc. served as lead financial advisor to MidOcean. Solomon Partners Securities, LLC. also served as a financial advisor to the Company. Gibson, Dunn & Crutcher LLP served as legal advisor to MidOcean.

About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. In 2024, MidOcean expanded its platform to include structured equity, positioning the firm as a leading provider of capital solutions to the middle market. For more information, please visit https://www.midoceanpartners.com/.

About Zonda
Zonda is the #1 data, marketplace, and software platform purpose-built for the new home ecosystem. Leveraging more than 40 years of category leadership, Zonda serves more than 3,000 customers across the homebuilding lifecycle through proprietary data and intelligence, the leading new-home marketplaces in North America — NewHomeSource and Livabl — and integrated software solutions that power critical builder and industry workflows. Learn more at zondahome.com.

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LONDON--(BUSINESS WIRE)--Shopping centre sales pushed Birmingham retail investments to a 10-year high, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

The rolling 12-month average quarterly volume reached £202 million to the end of Q1, double the five-year annual average.

“The pricing and scale of acquisitions reflect confidence in Birmingham’s position as a core retail destination, supported by strong footfall, a diverse occupier mix and continued inward investment into the city centre,” said Giles Tebbitts, director of market analytics at CoStar Europe. “For institutional capital, these assets offer secure income and long-term repositioning potential, particularly as consumer behaviour stabilises and experiential retail continues to anchor destination schemes.”

The 1.4 million sq ft Merry Hill shopping centre is now more than 96% let, with footfall rebounding to 15 million in 2025 and sales rising 4.3% year-on-year. A £125 million investment programme has reshaped the asset, delivering over 300,000 sq ft of new and upgraded space, including leisure operators and new retail concepts.

“Investor sentiment has softened following the escalation of the Iran conflict, increasing caution in capital markets, with some investors pausing deployment or repricing risk,” said Tebbitts. “Transactional activity has become more selective and pricing momentum has stabilised, contrasting with the stronger recovery seen in the months leading up to the conflict.”

The full analysis can be found here.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

Achmea Investment Management B.V. cut its stake in shares of Lennox International, Inc. (NYSE: LII) by 3.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,071 shares of the construction company's stock after selling 2,822 shares during the period. Achmea Investment Management B.V. owned

Explore the exciting world of Lennox International (LII +1.94%) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!

Lennox International (LII - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis manufacturer of furnaces, air conditioners and other products is expected to post quarterly earnings of $3.16 per share in its upcoming report, which represents a year-over-year change of -6.2%.

Revenues are expected to be $1.07 billion, down 0.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.79% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Lennox?For Lennox, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.03%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Lennox will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Lennox would post earnings of $4.76 per share when it actually produced earnings of $4.45, delivering a surprise of -6.51%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Lennox appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Highlights
(All comparisons are year-over-year, unless otherwise noted)

Revenue $1.1 billion, up 6% GAAP Operating Income $164 million, down 3% GAAP diluted EPS $3.35, down 8% Maintaining full year EPS guidance range of $23.50 - $25.00 , /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, today reported first quarter financial results with $1.1 billion of revenue, $164 million of operating income, and $3.35 GAAP diluted earnings per share.

Revenue increased 6% to $1.1 billion. Total segment profit1 was $164 million, down 3%. Total segment margin1 was down 130 basis points to 14.4%. Adjusted diluted earnings per share decreased 8% to $3.35.

"Our results this quarter were supported by stabilizing end-markets and encouraging momentum across our strategic initiatives, including the integration of Duro Dyne and Supco. We remain confident in our strategy to deliver long-term shareholder value through differentiated growth and bolt-on M&A opportunities," said CEO, Alok Maskara. "While macro uncertainties persist, we are focused on productivity measures, supply chain optimization, and thoughtful pricing actions to offset inflationary pressures."

In Home Comfort Solutions, industry conditions started stabilizing during the first quarter, as expected. Revenue declined by 10%. While the segment experienced continued softness across both the one step and two step channels, this is a sequential improvement from the 21% decline in the fourth quarter. One-step results continued to be impacted by weak new home construction, while sentiment in the two-step channel improved as distributors began to restock ahead of the summer season. Segment margins declined 390 bps primarily driven by inflation and unfavorable absorption, partially offset by positive mix and price, acquisition contributions, and disciplined cost actions.

The Building Climate Solutions segment delivered another strong quarter, with organic sales increasing 26% and acquisitions contributing an additional 12% of growth. Segment margins improved by approximately 300 basis points, largely driven by volume improvement, including contributions from national account activity. Emergency replacement activity remained strong, and there were new national account wins across both equipment and service. As inventory levels normalize, the resulting absorption impact was partially offset by productivity and manufacturing efficiency improvements.

1 Includes unallocated corporate expenses

FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS
(All comparisons are year-over-year, unless otherwise noted)

Revenue: $1.1 billion was up 6%, driven by revenue from completed acquisitions.

Operating Income: $164 million, down 3%, with operating profit margin of 14.4%, down 130 bps.

Total Segment Profit1: $164 million, down 3%, and total segment profit margin of 14.4%, down 130 basis points primarily driven by $32 million decrease from lower sales volumes; $31 million product cost primarily related to recent inflationary impacts and factory under absorption; and, $14 million of SG&A and distribution inflation and investments. This was partially offset by $63 million of mix/price benefits and $9 million from completed acquisitions.

Net Income: $117 million, or $3.35 per share, compared to $130 million, or $3.63 per share, in the prior-year quarter.

Adjusted Net Income: $117 million, or $3.35 per share, compared to $130 million, or $3.63 per share, in the prior-year quarter.

Cash Flow: Operating cash flow was $16 million compared to $36 million cash used in the prior-year quarter driven by less inventory growth. Net capital expenditures were $55 million compared to $25 million in the prior-year quarter. Share repurchases totaled $20 million.

Home Comfort Solutions: Business segment revenue was $650 million, down 10%. Segment profit was $87 million, down 30%, and segment margin was 13.3%, down 390 basis points. Segment profit declined $37 million compared to the prior-year quarter. The decrease was driven by lower sales volumes, resulting in a $56 million profit headwind, along with $23 million of product cost inflation and lower factory absorption and $1 million in other costs. This was partially offset by $41 million in mix/price benefits and $2 million from completed acquisitions.

Building Climate Solutions: Business segment revenue was $485 million, up 38%. Segment profit was $96 million, up $37 million or 63%, and segment margin improved 300 basis points to 19.7%. This increase reflects a $24 million profit benefit from higher sales volumes, $22 million in mix/price benefits, and $7 million from completed acquisitions. This was partially offset by $8 million in product cost inflation and lower factory absorption; and $8 million from other costs, including SG&A and distribution inflation and investments.

Corporate and Other: Corporate expenses were $19 million, up $4 million from the prior-year quarter.

1 Includes unallocated corporate expenses

FULL YEAR 2026 GUIDANCE
For full year 2026, we are updating revenue growth guidance to approximately 8%, including 4% benefit from completed acquisitions.

Earnings per share is still expected to be within the range of $23.50 to $25.00.

Free Cash Flow is still estimated to be within the range of $750 million to $850 million.

CONFERENCE CALL INFORMATION
A conference call to discuss the company's first quarter results will be held this morning at 8:30 a.m. Central Time. To participate in the earnings conference, please call 800-267-6316 (U.S.) or +1 203-518-9783 (international) at least 10 minutes prior to the scheduled start time and use conference ID LIIQ126. The conference call also will be webcast live on the company's investor relations web site at investor.lennox.com. A replay of the conference call will be available until May 6, 2026, by calling toll-free 800-388-6197 (U.S.) or +1 402-220-1115 (international). The call will also be archived on the company's investor relations website at investor.lennox.com.

ABOUT LENNOX
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information on Lennox is available at Lennox.com or by contacting [email protected].

FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES
The statements in this document that are not historical statements, including statements regarding the 2026 full-year outlook and expected consolidated and segment financial results, as well as financial targets for future years, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on information currently available as well as management's assumptions and beliefs today. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the statements, and investors should not place undue reliance on them. Risks and uncertainties that could cause actual results to differ materially from such statements include risks that the North American HVAC and refrigeration markets perform worse than current assumptions. Additional risks include but are not limited to competition in the HVACR business; our ability to successfully develop and market new products or execute our business strategy; our ability to meet and anticipate customer demands; our ability to continue to license or enforce our intellectual property rights; our ability to attract, motivate, develop, and retain our employees, as well as labor relations problems; artificial intelligence technologies; a decline in new construction activity and related demand for our products and services; the impact of weather on our business; the impact of higher raw material prices and significant supply interruptions; product liability, warranty claims, or recalls; changes in environmental and climate-related legislation or government regulations or policies; changes in tax legislation; the impact of new or increased trade tariffs; improper conduct by any of our employees, agents, or business partners; litigation risks; general economic conditions in the United States and abroad; extraordinary events beyond our control; risks associated with our international operations; cyber-attacks and other disruptions or misuse of information systems; and our ability to successfully realize, complete and integrate acquisitions.

For information concerning these and other risks and uncertainties, see LII's publicly available filings with the Securities and Exchange Commission. LII disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

A reconciliation of non-GAAP financial measures appearing in this document to financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) are included in the Annex to this document.

This document includes forward-looking statements regarding segment profit, adjusted net income, adjusted diluted earnings per share, and free cash flow, which are non-GAAP financial measures. These non-GAAP financial measures are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts excluded is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period and the high variability of certain amounts, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, changes in environmental liabilities, the impact and timing of potential acquisitions and divestitures, future restructuring costs, and other structural changes or their probable significance. We are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. The unavailable information could have a significant impact on LII's full year GAAP financial results.

LENNOX INTERNATIONAL INC. AND SUBSIDIARIES

Consolidated Statements of Operations 

(Unaudited)

(Amounts in millions, except per share data)

For the Three Months
Ended March 31,

2026

2025

Net sales

$     1,135.1

$    1,072.6

Cost of goods sold

783.8

731.7

Gross profit

351.3

340.9

Operating Expenses:

Selling, general and administrative expenses

185.2

171.3

Losses and other expenses, net

2.2

2.8

Loss (income) from equity method investments

0.4

(1.2)

Operating income

163.5

168.0

Pension settlements

0.5

0.1

Interest expense, net

15.2

6.2

Other expense, net

0.9

0.9

Net income before income taxes

146.9

160.8

Provision for income taxes

29.7

31.2

Net income

$       117.2

$      129.6

Earnings per share – Basic(1):

$        3.37

$        3.65

Earnings per share – Diluted(1):

$        3.35

$        3.63

Weighted Average Number of Shares Outstanding - Basic

34.8

35.5

Weighted Average Number of Shares Outstanding - Diluted

35.0

35.7

(1) Amounts may not recalculate due to rounding.

Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.

LENNOX INTERNATIONAL INC. AND SUBSIDIARIES

Segment Net Sales and Profit

(Unaudited)

(Amounts in millions)

For the Three Months
Ended March 31,

2026

2025

Net Sales

Home Comfort Solutions

$        650.0

$      721.4

Building Climate Solutions

485.1

351.2

Total net sales

$      1,135.1

$    1,072.6

Segment Profit(1)

Home Comfort Solutions

$         86.5

$      123.9

Building Climate Solutions

95.6

58.8

Total segment profit

182.1

182.7

Corporate and other expenses(2)

(18.6)

(14.7)

Total segment profit, including unallocated Corporate and other expenses

163.5

168.0

Reconciliation to Operating income:

Restructuring charges

—

—

(Gain) loss on sale from previous dispositions

—

—

Acquisition costs

—

—

Operating income

$        163.5

$      168.0

 (1)

We define segment profit as a segment's operating income (loss) included in the accompanying Consolidated Statements of Operations, excluding:

Restructuring charges, Gain (loss) on sale of previous dispositions, and; Acquisition costs (2)

Corporate and other expenses include unallocated corporate costs related to corporate administrative functions such as tax, treasury, accounting, internal audit, legal and human resources.

Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.

LENNOX INTERNATIONAL INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(Amounts in millions, except shares and par values)

As of March 31, 2026

As of December 31, 2025

(Unaudited)

ASSETS

Current Assets:

Cash and cash equivalents

$                48.2

$                  34.2

Short-term investments

2.0

0.5

Accounts and notes receivable, net of allowances of $9.1 and $8.5 in 2026 and
     2025, respectively

647.9

578.8

Inventories, net

1,209.7

1,152.6

Other current assets

124.3

137.7

Total current assets

2,032.1

1,903.8

Restricted cash equivalents

19.0

18.5

Property, plant and equipment, net of accumulated depreciation of $1,064.3 and
     $1,043.9 in 2026 and 2025, respectively

917.6

887.2

Right-of-use assets from operating leases

404.4

356.3

Goodwill

503.7

497.2

Intangible assets, net of accumulated amortization of $42.4 and $38.3 in 2026
     and 2025, respectively

269.7

273.0

Deferred income taxes

12.6

12.9

Other assets, net

133.6

132.9

Total assets

$             4,292.7

$               4,081.8

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Accounts payable

$               464.6

$                 438.0

Accrued expenses

301.5

374.2

Income taxes payable

63.4

46.4

Commercial paper

361.0

226.0

Current maturities of long-term debt

18.2

18.3

Current operating lease liabilities

83.8

88.9

Total current liabilities

1,292.5

1,191.8

Long-term debt

1,144.1

1,144.1

Long-term operating lease liabilities

347.8

293.4

Pensions

19.4

18.7

Other liabilities

275.0

270.7

Total liabilities

3,078.8

2,918.7

Commitments and contingencies

Stockholders' equity:

Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued
     or outstanding

—

—

Common stock, $0.01 par value, 200,000,000 shares authorized, 87,170,197
     shares issued

0.9

0.9

Additional paid-in capital

1,249.7

1,243.0

Retained earnings

4,963.0

4,891.1

Accumulated other comprehensive loss

(48.0)

(48.5)

Treasury stock, at cost, 52,360,280 shares and 52,374,147 shares for 2026 and
     2025, respectively

(4,951.7)

(4,923.4)

Total stockholders' equity

1,213.9

1,163.1

Total liabilities and stockholders' equity

$             4,292.7

$               4,081.8

LENNOX INTERNATIONAL INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(Unaudited)

(Amounts in millions)

For the Three Months
Ended March 31,

2026

2025

Cash flows from operating activities:

Net income

$            117.2

$            129.6

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Loss (income) from equity method investments

0.4

(1.2)

Provision for credit losses

2.1

1.3

Unrealized losses (gains), net on derivative contracts

2.1

(0.5)

Stock-based compensation expense

6.3

6.3

Depreciation and amortization

29.2

25.6

Deferred income taxes

3.3

(1.1)

Pension expense

1.0

1.1

Pension contributions

(0.3)

(0.3)

Changes in assets and liabilities, net of effects of acquisitions and divestitures:

Accounts and notes receivable

(73.6)

8.3

Inventories

(62.6)

(209.4)

Other current assets

13.7

(1.7)

Accounts payable

31.0

85.2

Accrued expenses

(74.3)

(105.1)

Income taxes payable and receivable, net

18.8

27.1

Leases, net

1.3

3.4

Other, net

0.5

(4.4)

Net cash provided by (used in) operating activities

16.1

(35.8)

Cash flows from investing activities:

Proceeds from the disposal of property, plant and equipment

0.7

0.5

Purchases of property, plant and equipment

(55.5)

(25.5)

Acquisitions, net of cash

(0.2)

—

(Purchases of) proceeds from investments and other

(1.6)

1.5

Net cash used in investing activities

(56.6)

(23.5)

Cash flows from financing activities:

Commercial paper borrowings

434.1

—

Commercial paper payments

(299.1)

—

Payments on debt arrangements

(5.3)

(5.0)

Proceeds from employee stock purchases

2.6

1.2

Repurchases of common stock

(19.5)

(85.2)

Repurchases of common stock to satisfy employee withholding tax obligations

(10.5)

(11.3)

Cash dividends paid

(45.2)

(40.9)

Net cash provided by (used in) financing activities

57.1

(141.2)

Increase (decrease) in cash, cash equivalents and restricted cash

16.6

(200.5)

Effect of exchange rates on cash, cash equivalents and restricted cash equivalents

(2.1)

2.6

Cash, cash equivalents and restricted cash, beginning of period

52.7

415.1

Cash, cash equivalents and restricted cash, end of period

$             67.2

$            217.2

Supplemental disclosures of cash flow information:

Interest paid

$             23.5

$              19.2

Income taxes paid (net of refunds)

$              7.0

$               5.1

 Note: The 2025 amounts are adjusted to reflect the accounting method change from LIFO to FIFO that occurred in the fourth quarter of 2025.

LENNOX INTERNATIONAL INC. AND SUBSIDIARIES

Reconciliation to U.S. GAAP (Generally Accepted Accounting Principles) Measures

(Unaudited, in millions, except per share and ratio data)

Use of Non-GAAP Financial Measures

To supplement the Company's consolidated financial statements and segment net sales and profit (loss) presented in accordance with U.S. GAAP, additional non-GAAP financial measures are provided and reconciled in the following tables. The Company believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results and enhance the ability of investors to analyze the Company's business trends and operating performance.

Reconciliation of Net Cash Provided by (Used in) Operating Activities, a GAAP measure, to Free Cash Flow, a Non-
GAAP measure

For the Three Months
Ended March 31,

2026

2025

Net cash provided by (used in) operating activities

$            16.1

$         (35.8)

Purchases of property, plant and equipment

(55.5)

(25.5)

Proceeds from the disposal of property, plant and equipment

0.7

0.5

Free cash flow, a Non-GAAP measure

$           (38.7)

$         (60.8)

SOURCE Lennox International Inc.

Lennox International (LII - Free Report) reported $1.14 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.8%. EPS of $3.35 for the same period compares to $3.37 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of +6.5%. The company delivered an EPS surprise of +6.07%, with the consensus EPS estimate being $3.16.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lennox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Building Climate Solutions: $485.1 million versus the 15-analyst average estimate of $418.43 million. The reported number represents a year-over-year change of +38.1%.Net Sales- Home Comfort Solutions: $650 million versus $646.23 million estimated by 15 analysts on average. Compared to the year-ago quarter, this number represents a -9.9% change.Segment Profit (loss)- Corporate and other: $-18.6 million versus the 14-analyst average estimate of $-17.88 million.Segment Profit (loss)- Building Climate Solutions: $95.6 million versus the 14-analyst average estimate of $77.89 million.Segment Profit (loss)- Home Comfort Solutions: $86.5 million versus $93.69 million estimated by 14 analysts on average.View all Key Company Metrics for Lennox here>>>

Shares of Lennox have returned +6.8% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Nominations are now open for individuals who give back to their communities and need support replacing critical home comfort systems

, /PRNewswire/ -- Lennox (NYSE: LII), a leader in reliable home comfort solutions, today announced that nominations are open for the 2026 Feel The Love® program, sponsored by the LII Lennox Foundation. Through its trusted dealer network across the United States and Canada, Lennox will donate and professionally install new heating and cooling systems for individuals who are pillars of their communities and need dependable home comfort. Nominations are open through August 31, 2026, at FeelTheLove.com.

Lennox and Smith Services support H.A.L.O., a no‑kill animal shelter in Sebastian, Florida, through the Feel The Love® program by replacing an aging HVAC system and creating a safer, more comfortable environment for the animals and staff who care for them.

Lennox Feel the Love Logo (PRNewsfoto/Lennox International Inc.) "Feel The Love reflects who we are at Lennox, deeply committed to people, craftsmanship, and doing what's right," said Sarah Martin, EVP & President of Lennox Home Comfort Solutions. "Each nomination represents someone who consistently shows up for others. Alongside our dealer partners, we're proud to help bring reliable, high‑quality comfort to their homes."

Now in its 17th year, Feel The Love is a cornerstone of Lennox's community impact efforts. Since the program began in 2009, Lennox and its dealers have donated and installed more than 3,100 heating and cooling systems, helping homeowners facing significant challenges.

This year's Feel The Love Installation Week will take place October 3–11. During that time, selected recipients will receive up to a full heating and cooling system at no cost, including high-efficiency Lennox Merit equipment like air conditioners, heat pumps, furnaces, and thermostats, installed by local dealers who donate their time and expertise. Nominees include educators, veterans, healthcare professionals, first responders, caregivers, and families navigating unexpected medical or financial hardships. In addition, 501(c)(3) nonprofits are also accepted as Feel The Love program nominees (though they must be able to take residential HVAC equipment).

Community members are encouraged to submit nominations for individuals who put others first and would benefit from safe, reliable, and energy‑efficient home comfort. To learn more or submit a nomination, visit FeelTheLove.com. Updates throughout the program will be shared on Lennox's Facebook, Instagram, and LinkedIn channels.

About Lennox

Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected]. 

About Feel The Love®

Launched in 2009, Feel The Love is Lennox Residential HVAC's signature community-giving program. Each year, Lennox partners with local dealers and community members across the United States and parts of Canada to identify and support individuals who exemplify service to others and are in need of a helping hand. The LII Lennox Foundation proudly sponsors the Feel The Love program. Learn more at FeelTheLove.com.

SOURCE Lennox International Inc.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The board of directors at Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, approved an increase in the quarterly dividend from $1.30 to $1.36 per share of common stock, payable July 15, 2026, to stockholders of record as of June 30, 2026.

About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com.

Media Contact
[email protected]

Investor Relations Contact
[email protected]

SOURCE Lennox International Inc.

Also from this source

Award highlights innovative design, dependable operation to -20°F, and lasting homeowner confidence

, /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient building and home comfort solutions, today announced that its Dave Lennox Signature® Collection cold climate heat pump has received a GOOD DESIGN® Award, one of the world's most recognized honors for product design and innovation.

Presented by The Chicago Athenaeum: Museum of Architecture and Design in collaboration with Metropolitan Arts Press Ltd., the GOOD DESIGN® Award honors products that unite thoughtful design with lasting value, an approach that continues to guide Lennox's innovation.

The Dave Lennox Signature® Collection SL22KLV Cold Climate Heat Pump delivers precise, energy-efficient comfort in temperatures as low as -20°F, offering homeowners reliable performance and potential energy savings. The Lennox SL22KLV Cold Climate Heat Pump was engineered to deliver dependable, energy-efficient comfort in demanding winter environments, maintaining reliable operation in temperatures as low as -20°F. Designed for homeowners seeking comfort and confidence in extreme conditions, the system combines advanced heat pump technology with durable construction and precise system control.

"This recognition speaks to the diligence that goes into every Lennox innovation," said Prakash Bedapudi, EVP and Chief Technology Officer at Lennox. "From demanding cold weather performance to precise system control, this design reflects our commitment to helping homeowners feel confident in their decision, knowing they've chosen a durable solution built for long-term performance."

An integrated design approach supports lasting durability, from a robust cabinet engineered for durability to digital communication that enables accurate, consistent operation. Together, these features help ensure consistent performance in regions where winter conditions demand it most.

This latest GOOD DESIGN® recognition adds to Lennox's long history of award‑winning residential products, including the SL25XPV Heat Pump and the S40 Smart Thermostat, further demonstrating a commitment to solutions that are intuitive to operate, built to last, and designed to offer homeowners lasting peace of mind.

For more information about the SL22KLV Cold Climate Heat Pump, visit www.lennox.com.

About Lennox

Lennox (NYSE: LII) is a leader in energy-efficient building solutions and is committed to creating healthier and more comfortable environments. Serving residential and commercial customers, the company delivers innovative heating, cooling, indoor air quality, refrigeration, and water heating systems. Through trusted products, parts, and services, and advanced technology, Lennox delivers connected solutions that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. Media inquiries may be directed to [email protected].

SOURCE Lennox International Inc.

Lennox International Inc. (LII) Presents at 46th Annual William Blair Growth Stock Conference Transcript

-

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arcellx, Inc. (NasdaqGS: ACLX) to Gilead Sciences, Inc. (NasdaqGS: GILD). Under the terms of the proposed transaction, shareholders of Arcellx will receive $115.00 per share in cash plus one contingent value right of $5.00 per share upon the achievement of certain milestones. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-aclx/ to learn more.

Please note that the transaction is structured as a tender offer, such that time may be of the essence.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transactions may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Masimo Corporation (NASDAQ: MASI)'s sale to Danaher Corporation for $180.00 per share in cash. If you are a Masimo shareholder, click here to learn more about your legal rights and options.

Arcellx, Inc. (NASDAQ: ACLX)'s sale to Gilead Sciences, Inc. for $115.00 per share in cash plus one contingent value right of $5.00 per share upon the achievement of certain milestones. If you are an Arcellx shareholder, click here to learn more about your legal rights and options.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD)'s sale to Saltchuk Resources, Inc. for $17.00 per share in cash. If you are a Great Lakes shareholder, click here to learn more about your rights and options.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
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SOURCE Halper Sadeh LLP

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, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Arcellx, Inc. (NASDAQ: ACLX)'s sale to Gilead Sciences, Inc. for $115.00 per share in cash plus one contingent value right of $5.00 per share upon the achievement of certain milestones. If you are an Arcellx shareholder, click here to learn more about your legal rights and options.

Masimo Corporation (NASDAQ: MASI)'s sale to Danaher Corporation for $180.00 per share in cash. If you are a Masimo shareholder, click here to learn more about your legal rights and options.

FONAR Corporation (NASDAQ: FONR)'s sale to affiliates of Chief Executive Officer Timothy Damadian and certain executives and directors of the company for $19.00 per share for FONAR's Class B common stock and $6.34 per share for FONAR's Class C common stock. If you are a FONAR shareholder, click here to learn more about your legal rights and options.

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Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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Posted by Defense World Staff on Apr 4th, 2026

Banque Pictet & Cie SA bought a new stake in shares of Arcellx, Inc. (NASDAQ:ACLX – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,109 shares of the company’s stock, valued at approximately $333,000.

Several other large investors also recently modified their holdings of the stock. MAI Capital Management bought a new position in Arcellx in the 3rd quarter valued at about $26,000. CWM LLC increased its stake in Arcellx by 267.0% in the third quarter. CWM LLC now owns 345 shares of the company’s stock valued at $28,000 after acquiring an additional 251 shares during the last quarter. State of Wyoming bought a new position in Arcellx in the second quarter valued at approximately $28,000. Ramirez Asset Management Inc. acquired a new position in Arcellx during the third quarter valued at approximately $41,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Arcellx during the third quarter valued at approximately $62,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on the company. Guggenheim downgraded Arcellx from a “buy” rating to a “neutral” rating and reduced their target price for the company from $120.00 to $115.00 in a report on Wednesday, February 25th. TD Cowen cut Arcellx from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Truist Financial upgraded Arcellx from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 20th. Canaccord Genuity Group set a $115.00 price objective on Arcellx in a research note on Monday, February 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $115.00 target price (down from $127.00) on shares of Arcellx in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.87.

Get Our Latest Analysis on ACLX

Insider Activity at Arcellx In other Arcellx news, insider Christopher Heery sold 7,437 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $65.51, for a total transaction of $487,197.87. Following the sale, the insider directly owned 29,631 shares of the company’s stock, valued at $1,941,126.81. The trade was a 20.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rami Elghandour sold 89,916 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $113.92, for a total transaction of $10,243,230.72. Following the completion of the transaction, the insider owned 276,051 shares of the company’s stock, valued at approximately $31,447,729.92. This trade represents a 24.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 109,366 shares of company stock valued at $11,526,708 in the last ninety days. 8.35% of the stock is currently owned by insiders.

Arcellx Stock Performance Shares of ACLX opened at $114.77 on Friday. Arcellx, Inc. has a 52 week low of $47.86 and a 52 week high of $114.94. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of -28.20 and a beta of 0.25. The stock has a fifty day moving average of $95.96 and a 200-day moving average of $83.63.

Arcellx (NASDAQ:ACLX – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($1.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.01). The business had revenue of $1.65 million for the quarter, compared to analyst estimates of $13.40 million. Arcellx had a negative return on equity of 55.42% and a negative net margin of 1,027.26%. As a group, equities analysts forecast that Arcellx, Inc. will post -1.58 EPS for the current year.

Arcellx Company Profile (Free Report)

Arcellx, Inc (NASDAQ: ACLX) is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of next-generation cell therapies for oncology and autoimmune diseases. The company’s proprietary ARC-SparX™ platform is designed to enable precise control over cell-surface receptor activation and to improve the safety, efficacy and durability of adoptive cell therapies. Leveraging this technology, Arcellx engineers immune cells with modular antigen-binding domains that can be exchanged to target a variety of disease-associated markers.

The company’s pipeline comprises multiple wholly owned programs in hematologic malignancies and solid tumors at various stages of preclinical and clinical development.

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Posted by Defense World Staff on Apr 24th, 2026

Arcellx, Inc. (NASDAQ:ACLX – Get Free Report) has been given an average rating of “Hold” by the nineteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $111.8667.

A number of equities research analysts recently commented on ACLX shares. Wells Fargo & Company downgraded Arcellx from an “overweight” rating to an “equal weight” rating and set a $115.00 target price on the stock. in a research report on Monday, February 23rd. Rothschild & Co Redburn cut shares of Arcellx from a “buy” rating to a “neutral” rating and set a $82.00 price target on the stock. in a research report on Thursday, February 12th. UBS Group lowered shares of Arcellx from a “buy” rating to a “neutral” rating and increased their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, February 24th. Needham & Company LLC downgraded shares of Arcellx from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Truist Financial upgraded shares of Arcellx from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 20th.

Get Our Latest Report on Arcellx

Insider Buying and Selling In related news, insider Rami Elghandour sold 89,916 shares of Arcellx stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $113.92, for a total value of $10,243,230.72. Following the completion of the transaction, the insider owned 276,051 shares in the company, valued at approximately $31,447,729.92. This trade represents a 24.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.35% of the company’s stock.

Institutional Inflows and Outflows Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MAI Capital Management purchased a new position in Arcellx in the third quarter worth about $26,000. CWM LLC increased its position in Arcellx by 267.0% during the third quarter. CWM LLC now owns 345 shares of the company’s stock valued at $28,000 after acquiring an additional 251 shares during the last quarter. State of Wyoming bought a new position in Arcellx during the second quarter valued at $28,000. Ramirez Asset Management Inc. bought a new position in Arcellx during the third quarter valued at $41,000. Finally, Abich Financial Wealth Management LLC bought a new position in Arcellx during the third quarter valued at $62,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Arcellx Trading Up 0.0% Shares of ACLX stock opened at $115.05 on Friday. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of -28.27 and a beta of 0.25. Arcellx has a 12-month low of $47.86 and a 12-month high of $115.13. The stock’s 50-day moving average price is $108.95 and its 200-day moving average price is $87.05.

Arcellx (NASDAQ:ACLX – Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($1.01) EPS for the quarter, hitting analysts’ consensus estimates of ($1.01). The company had revenue of $1.65 million for the quarter, compared to the consensus estimate of $13.40 million. Arcellx had a negative return on equity of 55.42% and a negative net margin of 1,027.26%. As a group, research analysts predict that Arcellx will post -2.91 EPS for the current fiscal year.

About Arcellx (Get Free Report)

Arcellx, Inc (NASDAQ: ACLX) is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of next-generation cell therapies for oncology and autoimmune diseases. The company’s proprietary ARC-SparX™ platform is designed to enable precise control over cell-surface receptor activation and to improve the safety, efficacy and durability of adoptive cell therapies. Leveraging this technology, Arcellx engineers immune cells with modular antigen-binding domains that can be exchanged to target a variety of disease-associated markers.

The company’s pipeline comprises multiple wholly owned programs in hematologic malignancies and solid tumors at various stages of preclinical and clinical development.

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FOSTER CITY, Calif.--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) today announced the successful completion of its previously announced acquisition of Arcellx, Inc. (Nasdaq: ACLX). Under the terms of the transaction, Gilead acquired Arcellx for $115 per share in cash, plus one non‑transferable contingent value right (CVR) of $5 per share, representing a total implied equity value of approximately $7.8 billion at the time of closing.

The acquisition builds on Kite, a Gilead Company, and Arcellx’s successful collaboration and provides Gilead with full control of anitocabtagene autoleucel (anito‑cel), an investigational BCMA‑directed CAR T‑cell therapy for multiple myeloma. By consolidating ownership of anito‑cel and eliminating future profit‑share, milestone and royalty obligations, Gilead is positioned to accelerate development, streamline decision‑making and maximize the long‑term potential of the program.

“With the Arcellx acquisition, our focus turns to executing with speed and discipline as we prepare to bring anito‑cel to patients,” said Cindy Perettie, Executive Vice President and Global Head of Kite. “I want to thank the Arcellx team for their scientific leadership, close collaboration to date and deep expertise they bring as we advance anito‑cel. With this acquisition, anito‑cel and the differentiated D‑Domain BCMA binder will advance within Kite, combining this science with our global manufacturing, regulatory and commercial capabilities to unlock the full value of this potentially transformative therapy for people living with multiple myeloma.”

On April 28, 2026, Gilead successfully completed its tender offer for all outstanding shares of common stock of Arcellx and accepted for payment all shares validly tendered and not validly withdrawn as of the expiration time of the tender offer, which shares represented, together with shares already owned by Gilead, approximately 77.2% of Arcellx’s outstanding shares. Following completion of the offer, Gilead completed the acquisition of Arcellx through a merger of Gilead’s wholly owned subsidiary with and into Arcellx, in which shares of Arcellx common stock were cancelled and converted into the right to receive the same $115 per share in cash and one CVR of $5 per share as shares tendered in the offer.

The CVR is payable upon achievement of cumulative global net sales of anito‑cel of at least $6.0 billion from launch through the end of 2029.

As a result of the completion of the merger, Arcellx has become a wholly owned subsidiary of Gilead and the common stock of Arcellx will be delisted from the Nasdaq Global Select Market.

This transaction is expected to be accounted for as an asset acquisition and reduce Gilead’s GAAP and non-GAAP 2026 diluted EPS by approximately $5.57 - $5.67. Excluding the impact of acquired in-process research and development expenses, Gilead expects the transaction to be modestly dilutive to earnings per share in 2026 and 2027, and accretive in 2028 and thereafter, subject to FDA approval of anito‑cel.

About Anito-cel

Anitocabtagene autoleucel (anito-cel, previously ddBCMA) is the first BCMA-directed CAR T-cell therapy to be investigated in multiple myeloma that utilizes a novel and compact binder known as the D-Domain. The small, stable D-Domain binder enables high CAR expression without tonic signaling and is designed to quickly release from the BCMA target. This combination may allow for the effective elimination of multiple myeloma cells without severe immunotoxicity. Anito-cel has been granted Fast Track, Orphan Drug, and Regenerative Medicine Advanced Therapy Designations by the U.S. Food and Drug Administration.

About Gilead and Kite Oncology

Gilead and Kite Oncology are working to transform how cancer is treated. We are innovating with next-generation therapies, combinations and technologies to deliver improved outcomes for people with cancer. We are purposefully building our oncology portfolio and pipeline to address the greatest gaps in care. From antibody-drug conjugate technologies and small molecules to cell therapy-based approaches, we are creating new possibilities for people with cancer.

About Gilead Sciences

Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, cancer and inflammation. In 2025, Gilead announced a planned $32 billion investment to further strengthen its U.S. footprint to power the next era of discovery, job creation and public health preparedness – while continuing to invest globally to ensure patients everywhere benefit from its scientific innovation. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, Calif.

Forward-Looking Statements

This communication contains forward-looking statements related to Gilead, Arcellx and the acquisition of Arcellx by Gilead that are subject to risks, uncertainties, and other factors. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including all statements regarding the intent, belief or current expectation of Gilead and Arcellx and members of their respective senior management teams. In some cases, forward-looking statements can be identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “seek,” “may,” “plan,” “project,” “should,” “target,” “will,” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements include, without limitation, statements regarding the transaction and related matters, prospective performance and opportunities, post-closing operations and the outlook for the companies’ businesses, including Gilead’s ability to apply its global manufacturing, regulatory and commercial capabilities and to accelerate the development of anito-cel; regulatory applications; the potential of Arcellx’s cell therapy platform; the impact of the transaction on Gilead’s diluted EPS; and any assumptions underlying any of the foregoing. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties. Risks and uncertainties that could cause the actual results to differ from expectations contemplated by forward-looking statements include: the effects of the transaction on relationships with employees, other business partners or governmental entities; the difficulty of predicting the timing or outcome of regulatory approvals or actions, if any; the risk that the businesses will not be integrated successfully and that other anticipated benefits from the transaction will not be realized; the risk that the milestone associated with the CVR may not be achieved and that holders of CVRs may not receive payments in respect thereof; the impact of competitive products and pricing; other business effects, including the effects of industry, economic or political conditions outside of the companies’ control; transaction costs; actual or contingent liabilities; and other risks and uncertainties detailed from time to time in the companies’ periodic reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, as well as the Schedule 14D-9 filed by Arcellx and the Schedule TO and related tender offer documents filed by Gilead and Ravens Sub, Inc., a wholly owned subsidiary of Gilead. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation and disclaims any intent to update any such forward-looking statements.

Gilead, Kite, Arcellx and the Gilead logo are trademarks of Gilead Sciences, Inc., or its related companies.

For more information about Gilead, please visit the company’s website at www.gilead.com, follow Gilead on X/Twitter (@Gilead Sciences) and LinkedIn (@Gilead-Sciences).

More News From Gilead Sciences, Inc.

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The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

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Stock to Watch: Rollins (ROL - Free Report) Headquartered in Atlanta, GA, Rollins provides pest and termite control services to residential and commercial customers. The company offers protection against termite damage, insects, and rodents to homes and businesses, including food manufacturers, food service establishments, hotels, transportation companies, and retailers.

ROL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Business Services stock. ROL has a Momentum Style Score of A, and shares are up 5.5% over the past four weeks.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $1.24 per share. ROL boasts an average earnings surprise of +1.4%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ROL should be on investors' short list.

Posted by Defense World Staff on Apr 29th, 2026

Concurrent Investment Advisors LLC lifted its holdings in Rollins, Inc. (NYSE:ROL – Free Report) by 65.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,265 shares of the business services provider’s stock after purchasing an additional 17,546 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Rollins were worth $2,657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Rollins in the 4th quarter worth $30,000. Root Financial Partners LLC acquired a new stake in shares of Rollins in the 3rd quarter worth $31,000. TruNorth Capital Management LLC acquired a new stake in shares of Rollins in the 3rd quarter worth $45,000. First Horizon Corp acquired a new stake in shares of Rollins in the 3rd quarter worth $47,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Rollins in the 2nd quarter worth $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance NYSE ROL opened at $55.71 on Wednesday. The stock has a 50-day simple moving average of $56.01 and a two-hundred day simple moving average of $58.64. The firm has a market capitalization of $26.82 billion, a P/E ratio of 51.11, a PEG ratio of 3.45 and a beta of 0.84. Rollins, Inc. has a fifty-two week low of $52.32 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.

Rollins (NYSE:ROL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the previous year, the business earned $0.22 EPS. Rollins’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 11th. Rollins’s payout ratio is currently 66.97%.

Insider Buying and Selling at Rollins In related news, insider Elizabeth B. Chandler sold 14,201 shares of Rollins stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the transaction, the insider owned 55,977 shares in the company, valued at $3,322,794.72. The trade was a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades ROL has been the subject of a number of research reports. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Company set a $56.00 price target on Rollins and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Bank of America initiated coverage on Rollins in a research report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target for the company. Finally, Morgan Stanley set a $70.00 price target on Rollins in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Check Out Our Latest Stock Report on ROL

Rollins Profile (Free Report)

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

Recommended Stories Five stocks we like better than Rollins Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL – Free Report).

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In Q1 2026, Polen Focus Growth Portfolio returned -17.27% (net of fees) compared to -9.78% for the Index. Starbucks was the top performing absolute and relative contributor in Q1 amid positive signs that CEO Brian Nicol's multi-year turnaround strategy is beginning to bear fruit. In Q1 2026, we initiated new positions in Lam Research, Meta and Rollins, while we sold our holdings in Abbott Laboratories, Adobe, and Boston Scientific, Paycom and Intuit.

Rollins remains a buy as growth momentum and demand resilience persist, despite a noisy Q1 2026 margin miss. Q1 2026 revenue grew ~10% y/y to $906.4M, with organic growth across all segments and a swift March rebound after weather disruptions. Adj. EBITDA margin fell 109 bps to 19.8%, but margin weakness is attributed to non-structural, transient cost factors likely to normalize.