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.

Lennox International Stock Down 1.5 %

NYSE:LII opened at $594.23 on Wednesday. The company’s 50-day simple moving average is $590.11 and its 200-day simple moving average is $541.73. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.09. The stock has a market capitalization of $21.17 billion, a P/E ratio of 34.43, a P/E/G ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion for 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 for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $6.15 EPS. On average, equities analysts anticipate that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.77%. Lennox International’s dividend payout ratio (DPR) is currently 26.65%.

Wall Street Analysts Forecast Growth

LII has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Mizuho upped their target price on Lennox International from $575.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their price objective on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Barclays upped their target price on Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Stephens reissued an “overweight” rating and set a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $570.00.

Insider Buying and Selling at Lennox International

In related news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the transaction, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the sale, the executive vice president now owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,052 shares of company stock valued at $7,563,793. 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.