Lennox International (NYSE:LII) Updates 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 Analysts Forecast Growth

A number of equities analysts recently weighed in on LII shares. Royal Bank of Canada upped their price target on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a report on Thursday. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Mizuho boosted their price target on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group increased their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $583.92.

Lennox International Stock Performance

NYSE LII opened at $609.08 on Friday. Lennox International has a fifty-two week low of $348.79 and a fifty-two week high of $627.46. The firm has a market capitalization of $21.70 billion, a P/E ratio of 33.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The stock’s fifty day moving average is $592.28 and its two-hundred day moving average is $543.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

Lennox International (NYSE:LII) last posted its 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. Lennox International’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $5.37 EPS. On average, research analysts anticipate that Lennox International will post 20.38 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 annualized dividend and a yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is 25.51%.

Insider Buying and Selling at Lennox International

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