Lennox International (NYSE:LII) Updates FY24 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $20.75-$21.00 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Barclays lifted their price target on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research report on Thursday. Robert W. Baird upped their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their target price on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $583.92.

Lennox International Trading Down 1.8 %

Shares of Lennox International stock traded down $11.44 on Friday, hitting $609.22. 56,678 shares of the company traded hands, compared to its average volume of 273,226. Lennox International has a 52 week low of $348.79 and a 52 week high of $627.46. The company has a market cap of $21.70 billion, a PE ratio of 35.96, a PEG ratio of 1.89 and a beta of 1.07. The stock’s 50 day moving average price is $591.48 and its 200-day moving average price is $542.75. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company 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 for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that Lennox International will post 20.34 EPS for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is currently 26.65%.

Insider Buying and Selling

In other news, EVP Prakash Bedapudi sold 3,434 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 transaction of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at $12,447,808. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the firm’s 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 11,308 shares of company stock worth $6,563,103 in the last 90 days. 10.40% of the stock is 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.