Lennox International (NYSE:LII) Releases 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.

Lennox International Stock Up 2.2 %

LII traded up $13.37 on Wednesday, hitting $607.74. The company had a trading volume of 445,043 shares, compared to its average volume of 271,879. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International has a 52-week low of $334.53 and a 52-week high of $627.46. The stock has a fifty day simple moving average of $590.11 and a 200-day simple moving average of $541.73. The firm has a market capitalization of $21.65 billion, a P/E ratio of 34.43, a P/E/G ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $6.15 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Lennox International will post 20.34 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. Lennox International’s payout ratio is 26.65%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Royal Bank of Canada raised their price target on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Finally, KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Lennox International currently has an average rating of “Hold” and an average price target of $570.00.

Insider Transactions 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 owns 1,646 shares in the company, valued at $944,458.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 owns 1,646 shares in the company, valued at $944,458.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total transaction of $291,735.00. Following the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,052 shares of company stock worth $7,563,793 in the last 90 days. 10.40% of the stock is currently owned by 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.