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

Lennox International (NYSE:LII) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 20.750-21.000 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday. Barclays lifted their price target on Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday. Stephens restated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. The Goldman Sachs Group raised their price target on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Robert W. Baird raised their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International currently has an average rating of “Hold” and a consensus target price of $583.92.

Lennox International Trading Down 0.9 %

Shares of Lennox International stock traded down $5.31 on Friday, hitting $615.35. The stock had a trading volume of 32,432 shares, compared to its average volume of 273,073. Lennox International has a twelve month low of $348.79 and a twelve month high of $627.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The firm has a market capitalization of $21.92 billion, a P/E ratio of 35.96, a PEG ratio of 1.89 and a beta of 1.07. The stock has a 50 day moving average of $591.48 and a 200 day moving average of $542.75.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating the consensus estimate of $5.95 by $0.73. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.37 EPS. Sell-side analysts expect that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is 26.65%.

Insider Activity

In other news, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now owns 2,193 shares in the company, valued at $1,279,549.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,308 shares of company stock worth $6,563,103. 10.40% of the stock is currently owned by corporate insiders.

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.