Lennox International (NYSE:LII) Posts Earnings Results, Beats Estimates By $0.77 EPS

Lennox International (NYSE:LII) posted its quarterly earnings results on Wednesday. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.91 by $0.77, Briefing.com reports. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $5.37 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. Lennox International updated its FY 2024 guidance to 20.750-21.000 EPS and its FY24 guidance to $20.75-$21.00 EPS.

Lennox International Stock Performance

Shares of LII stock traded up $10.92 during trading hours on Thursday, reaching $620.66. 393,434 shares of the company’s stock were exchanged, compared to its average volume of 274,277. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.46. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $22.11 billion, a P/E ratio of 35.72, a P/E/G ratio of 1.89 and a beta of 1.07. The business has a fifty day moving average price of $590.77 and a 200-day moving average price of $542.21.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is currently 26.65%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LII. Mizuho increased their target price on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Barclays upped their target price on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price objective on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $583.92.

Insider Transactions at Lennox International

In related news, Director Sherry Buck sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the completion of the transaction, the director now directly owns 2,193 shares in the company, valued at $1,279,549.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents 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 the SEC website. Also, Director Sherry Buck sold 500 shares of the business’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 sale, the director now owns 2,193 shares in the company, valued at approximately $1,279,549.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,052 shares of company stock worth $7,563,793. Insiders own 10.40% of the company’s stock.

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.