Lennox International (NYSE:LII) Releases Quarterly Earnings Results, Beats Estimates By $0.77 EPS

Lennox International (NYSE:LII) 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

Several research analysts have recently weighed in on LII shares. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a report on Thursday. The Goldman Sachs Group raised their target price on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Mizuho upped their price target on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stephens reiterated an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $583.92.

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.