Lennox International (NYSE:LII) Updates FY 2024 Earnings Guidance

Lennox International (NYSE:LII) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.000-20.000 for the period, compared to the consensus earnings per share estimate of 19.720. The company issued revenue guidance of $5.1 billion-$5.1 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $19.00-20.00 EPS.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LII. Royal Bank of Canada upped their target price on Lennox International from $481.00 to $510.00 and gave the company a sector perform rating in a research report on Thursday. UBS Group upped their target price on Lennox International from $450.00 to $485.00 and gave the company a neutral rating in a research report on Thursday. Barclays upped their target price on Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on Lennox International in a research report on Thursday, February 1st. They issued a buy rating and a $523.00 target price on the stock. Finally, StockNews.com lowered shares of Lennox International from a buy rating to a hold rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $482.31.

Lennox International Trading Up 0.3 %

Shares of Lennox International stock opened at $477.10 on Friday. The firm has a market capitalization of $16.99 billion, a PE ratio of 27.64, a P/E/G ratio of 2.33 and a beta of 1.02. Lennox International has a twelve month low of $264.88 and a twelve month high of $501.72. The firm’s 50-day moving average price is $472.39 and its 200 day moving average price is $435.55. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. On average, sell-side analysts predict that Lennox International will post 19.77 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International’s dividend payout ratio is presently 25.49%.

Insider Activity at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by corporate insiders.

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.