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

Lennox International (NYSE:LII) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.000-20.000 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LII. JPMorgan Chase & Co. downgraded shares of Lennox International from a neutral rating to an underweight rating and lowered their price objective for the stock from $370.00 to $330.00 in a research note on Thursday, February 1st. Wells Fargo & Company raised their price objective on shares of Lennox International from $491.00 to $545.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of Lennox International from a buy rating to a hold rating in a research note on Friday, February 9th. TD Cowen raised their price objective on shares of Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their price target on shares of Lennox International from $392.00 to $414.00 and gave the stock a sector perform rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $473.67.

Lennox International Stock Down 1.9 %

Shares of NYSE LII opened at $467.84 on Thursday. The stock has a market cap of $16.66 billion, a PE ratio of 28.29, a PEG ratio of 2.34 and a beta of 1.02. The business has a fifty day moving average of $471.32 and a two-hundred day moving average of $434.59. Lennox International has a 52-week low of $256.74 and a 52-week high of $501.72. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41.

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

Lennox International Dividend Announcement

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

Insider Activity at Lennox International

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