Lennox International (NYSE:LII) Releases FY24 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $19.00-20.00 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LII. UBS Group lifted their price target on Lennox International from $450.00 to $485.00 and gave the company a neutral rating in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Lennox International from $545.00 to $520.00 and set an overweight rating for the company in a report on Thursday. Royal Bank of Canada lifted their price objective 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. JPMorgan Chase & Co. downgraded 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. Finally, KeyCorp lifted their price target on Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $472.62.

Lennox International Stock Performance

Shares of Lennox International stock traded down $5.44 during trading hours on Thursday, reaching $462.41. The company’s stock had a trading volume of 130,249 shares, compared to its average volume of 268,135. The company’s 50 day simple moving average is $471.32 and its 200 day simple moving average is $434.59. 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 has a one year low of $256.74 and a one year high of $501.72. The stock has a market cap of $16.47 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02.

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

Lennox International Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International’s dividend payout ratio (DPR) is currently 26.60%.

Insider Activity

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The stock was 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 in the company, valued at $11,566,818.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction that occurred 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 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 owned by corporate 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.