Lennox International (NYSE:LII) Updates FY24 Earnings Guidance

Lennox International (NYSE:LII) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $20.75-$21.00 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LII shares. Stephens reissued an “overweight” rating and set a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday. Robert W. Baird raised their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday. Mizuho boosted their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays raised their price objective on Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $583.92.

Lennox International Trading Down 1.8 %

Lennox International stock traded down $11.44 during midday trading on Friday, hitting $609.22. 56,678 shares of the stock were exchanged, compared to its average volume of 273,226. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock’s 50-day simple moving average is $591.48 and its 200 day simple moving average is $542.75. Lennox International has a fifty-two week low of $348.79 and a fifty-two week high of $627.46. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $5.37 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Lennox International will post 20.34 EPS for the current year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. 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 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 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 filing with the SEC, which can be accessed through this hyperlink. In other news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction that occurred 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 owns 16,162 shares of the company’s stock, valued at $9,438,608. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,308 shares of company stock worth $6,563,103 over the last ninety days. Corporate insiders own 10.40% of the company’s stock.

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.