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 19.500-20.250 for the period, compared to the consensus earnings per share estimate of 20.090. The company issued revenue guidance of $5.1 billion-$5.1 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $19.50-20.25 EPS.

Lennox International Stock Performance

LII traded up $26.25 on Friday, hitting $571.98. 81,373 shares of the company traded hands, compared to its average volume of 289,207. The company has a 50 day moving average of $528.56 and a 200-day moving average of $485.47. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $20.37 billion, a PE ratio of 31.62, a PEG ratio of 2.45 and a beta of 1.07. Lennox International has a 12-month low of $334.53 and a 12-month high of $583.42.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $6.15 EPS. Sell-side analysts anticipate that Lennox International will post 19.88 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, June 28th. This is an increase from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.80%. Lennox International’s dividend payout ratio is currently 26.65%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird boosted their target price on Lennox International from $505.00 to $610.00 and gave the stock a neutral rating in a research report on Monday, July 15th. Barclays boosted their target price on Lennox International from $500.00 to $517.00 and gave the stock an equal weight rating in a research report on Wednesday, July 10th. Mizuho boosted their target price on Lennox International from $490.00 to $540.00 and gave the stock a buy rating in a research report on Monday, April 1st. Stephens reiterated an overweight rating and set a $675.00 target price on shares of Lennox International in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on Lennox International from $507.00 to $575.00 and gave the company a buy rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $541.08.

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.