Lennox International (NYSE:LII) Updates FY 2024 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 20.750-21.000 for the period, compared to the consensus earnings per share estimate of 20.450. The company issued revenue guidance of $5.2 billion-$5.2 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $20.75-$21.00 EPS.

Analyst Upgrades and Downgrades

Several analysts recently commented on LII shares. Barclays raised their target price on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a report on Thursday. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Robert W. Baird increased their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday. Stephens restated an “overweight” rating and set a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. Finally, Mizuho upped their price objective on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lennox International has a consensus rating of “Hold” and an average target price of $580.00.

Lennox International Stock Performance

Shares of NYSE LII traded up $9.62 during midday trading on Thursday, reaching $619.36. 142,984 shares of the company were exchanged, compared to its average volume of 273,036. The stock has a market cap of $22.06 billion, a P/E ratio of 35.80, a PEG ratio of 1.89 and a beta of 1.07. Lennox International has a 1 year low of $334.53 and a 1 year high of $627.46. The stock has a fifty day simple moving average of $590.77 and a 200 day simple moving average of $542.21. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. Lennox International’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.15 EPS. On average, research analysts forecast that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is 26.65%.

Insiders Place Their Bets

In other news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the sale, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Prakash Bedapudi sold 5,374 shares of the business’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 sale, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the sale, the director now owns 8,411 shares of the company’s stock, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock worth $7,563,793 in the last 90 days. 10.40% of the stock is owned by company insiders.

About Lennox International

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.