Lennox International (NYSE:LII) Releases FY24 Earnings Guidance

Lennox International (NYSE:LII) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $20.75-$21.00 for the period, compared to the consensus estimate of $20.47. The company issued revenue guidance of $5.48 billion, compared to the consensus revenue estimate of $5.12 billion. Lennox International also updated its FY 2024 guidance to 20.750-21.000 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LII shares. Royal Bank of Canada increased their price objective on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Barclays raised their price target on shares of Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday. Mizuho upped their price objective on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Stephens restated an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $580.00.

Lennox International Trading Up 1.3 %

LII stock traded up $7.90 during midday trading on Thursday, hitting $617.64. 163,461 shares of the company’s stock were exchanged, compared to its average volume of 273,122. Lennox International has a 1-year low of $334.53 and a 1-year high of $627.46. The business has a 50-day simple moving average of $590.77 and a two-hundred day simple moving average of $542.21. The stock has a market capitalization of $22.00 billion, a PE ratio of 35.80, a P/E/G ratio of 1.89 and a beta of 1.07. 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 issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $6.15 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Lennox International will post 20.34 EPS for the current fiscal year.

Lennox International Dividend Announcement

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

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Prakash Bedapudi sold 3,434 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction that occurred on Friday, July 26th. The shares were 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 owns 1,646 shares of the company’s stock, valued at $944,458.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,052 shares of company stock worth $7,563,793. 10.40% of the stock is currently owned by 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.