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

Lennox International (NYSE:LII) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 19.000-20.000 for the period, compared to the consensus EPS estimate of 19.720. The company issued revenue guidance of $5.1 billion-$5.1 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $19.00-20.00 EPS.

Lennox International Trading Down 1.9 %

NYSE LII opened at $467.84 on Thursday. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. Lennox International has a one year low of $256.74 and a one year high of $501.72. The business has a 50 day simple moving average of $471.32 and a 200 day simple moving average of $434.59. The stock has a market capitalization of $16.66 billion, a P/E ratio of 28.29, a P/E/G ratio of 2.34 and a beta of 1.02.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts expect that Lennox International will post 19.74 earnings per share for the current year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.94%. Lennox International’s dividend payout ratio (DPR) is presently 26.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LII shares. TD Cowen raised their price objective on Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research report on Thursday, February 1st. They set a buy rating and a $523.00 target price on the stock. Royal Bank of Canada lifted their target price on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a research report on Thursday, February 1st. Barclays lifted their target price on Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. cut Lennox International from a neutral rating to an underweight rating and cut their target price for the company from $370.00 to $330.00 in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $473.67.

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

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.