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

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

Several analysts have issued reports on LII shares. JPMorgan Chase & Co. upped their price target on shares of Lennox International from $350.00 to $360.00 and gave the company an underweight rating in a report on Thursday. Stephens reaffirmed an overweight rating and issued a $550.00 price target on shares of Lennox International in a report on Thursday. TD Cowen upped their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Barclays upped their price target on shares of Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a report on Tuesday, April 2nd. Finally, Mizuho upped their price target on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $482.31.

Lennox International Stock Performance

Shares of LII opened at $477.10 on Friday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.33 and a beta of 1.02. The company’s 50 day simple moving average is $472.39 and its 200 day simple moving average is $435.55. Lennox International has a 1 year low of $264.88 and a 1 year high of $501.72.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, sell-side analysts predict that Lennox International will post 19.77 EPS for the current year.

Lennox International Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the 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 completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction on 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 approximately $9,692,019.35. 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.