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 (EPS) guidance of 20.750-21.000 for the period, compared to the consensus estimate of 20.450. The company issued revenue guidance of $5.2 billion-$5.2 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $20.75-$21.00 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LII shares. Stephens reaffirmed an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. 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 report on Monday, July 15th. Wells Fargo & Company boosted 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. The Goldman Sachs Group upped their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Mizuho upped their target price on shares of Lennox International from $575.00 to $650.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $570.00.

Lennox International Trading Up 3.0 %

LII stock traded up $17.93 during midday trading on Wednesday, reaching $612.30. The company’s stock had a trading volume of 393,428 shares, compared to its average volume of 271,627. The business’s 50-day simple moving average is $590.11 and its 200-day simple moving average is $541.73. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.46. The stock has a market cap of $21.81 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $6.15 EPS. As a group, sell-side analysts expect that Lennox International will post 20.34 EPS for the current year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is currently 26.65%.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the sale, the director now owns 8,411 shares of the company’s stock, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at $944,458.34. 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 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.