Lennox International (NYSE:LII) Issues Quarterly Earnings Results, Beats Expectations By $0.73 EPS

Lennox International (NYSE:LII) announced its earnings results on Wednesday. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73, Briefing.com reports. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company earned $5.37 earnings per share. The firm’s quarterly 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 Down 1.8 %

Lennox International stock traded down $11.48 during midday trading on Friday, reaching $609.18. The company’s stock had a trading volume of 224,951 shares, compared to its average volume of 274,039. The company has a market cap of $21.71 billion, a P/E ratio of 33.78, a P/E/G ratio of 1.82 and a beta of 1.07. 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 business has a 50-day simple moving average of $592.28 and a 200-day simple moving average of $543.62. Lennox International has a fifty-two week low of $348.79 and a fifty-two week high of $627.46.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. Lennox International’s payout ratio is currently 25.51%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LII shares. Mizuho boosted their price objective on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird boosted their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays increased their price target on shares of Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada lifted their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average price target of $583.92.

Insider Transactions at Lennox International

In other news, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was 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 owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lennox International news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,279,549.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 11,308 shares of company stock valued at $6,563,103. 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.