Lennox International (NYSE:LII) Issues FY24 Earnings Guidance

Lennox International (NYSE:LII) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $19.00-20.00 for the period, compared to the consensus EPS estimate of $19.76. The company issued revenue guidance of +7% yr/yr to $5.33 billion, compared to the consensus revenue estimate of $5.12 billion. Lennox International also updated its FY 2024 guidance to 19.000-20.000 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of Lennox International from $481.00 to $510.00 and gave the stock a sector perform rating in a research report on Thursday. UBS Group boosted their price target on shares of Lennox International from $450.00 to $485.00 and gave the stock a neutral rating in a research report on Thursday. StockNews.com cut shares of Lennox International from a buy rating to a hold rating in a research report on Friday, February 9th. Finally, Stephens restated an overweight rating and issued a $550.00 price target on shares of Lennox International in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $482.31.

Lennox International Trading Up 0.3 %

LII stock opened at $477.10 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International has a twelve month low of $264.88 and a twelve month high of $501.72. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The firm’s fifty day simple moving average is $472.39 and its two-hundred day simple moving average is $435.55.

Lennox International (NYSE:LII) last issued its earnings results 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 firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. As a group, analysts anticipate that Lennox International will post 19.77 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio is currently 25.49%.

Insider Activity

In other news, 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 transaction of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s 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 sale, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

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.