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 $19.50-20.25 for the period, compared to the consensus estimate of $20.12. The company issued revenue guidance of +7% yr/yr to $5.33 billion, compared to the consensus revenue estimate of $5.13 billion. Lennox International also updated its FY 2024 guidance to 19.500-20.250 EPS.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Mizuho increased their target price on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a research report on Monday, April 1st. Royal Bank of Canada increased their target price on shares of Lennox International from $566.00 to $572.00 and gave the company a sector perform rating in a research report on Thursday. UBS Group raised their price objective on shares of Lennox International from $450.00 to $485.00 and gave the stock a neutral rating in a research report on Thursday, April 25th. Stephens reissued an overweight rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday. Finally, Robert W. Baird raised their price objective on shares of Lennox International from $505.00 to $610.00 and gave the stock a neutral rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Lennox International presently has a consensus rating of Hold and a consensus target price of $543.62.

Lennox International Stock Performance

Shares of LII stock traded up $29.44 during mid-day trading on Friday, hitting $575.17. The stock had a trading volume of 144,696 shares, compared to its average volume of 289,650. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $583.42. The firm has a market cap of $20.49 billion, a PE ratio of 33.12, a PEG ratio of 2.45 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.68. The company’s 50-day simple moving average is $528.56 and its 200-day simple moving average is $485.47.

Lennox International (NYSE:LII) last announced 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. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $6.15 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. 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. Investors of record on Friday, June 28th were paid a $1.15 dividend. This is a boost from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.80%. Lennox International’s dividend payout ratio (DPR) is 26.65%.

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.