Lennox International (NYSE:LII – Get Free Report) released its quarterly earnings data on Wednesday. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.91 by $0.77, Briefing.com reports. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. Lennox International’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $5.37 earnings per share. Lennox International updated its FY 2024 guidance to 20.750-21.000 EPS and its FY24 guidance to $20.75-$21.00 EPS.
Lennox International Price Performance
Shares of Lennox International stock traded up $10.92 during trading hours on Thursday, hitting $620.66. The company’s stock had a trading volume of 393,434 shares, compared to its average volume of 274,277. The company has a market cap of $22.11 billion, a PE ratio of 35.72, a PEG ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The business has a 50 day moving average price of $590.77 and a two-hundred day moving average price of $542.21. Lennox International has a 12-month low of $334.53 and a 12-month high of $627.46.
Lennox International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. Lennox International’s payout ratio is presently 26.65%.
Analyst Ratings Changes
Get Our Latest Analysis on LII
Insider Buying and Selling
In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares in the company, valued at $9,438,608. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,052 shares of company stock worth $7,563,793. 10.40% of the stock is owned by corporate insiders.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.
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