Lennox International (NYSE:LII) Issues 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 20.750-21.000 for the period, compared to the consensus estimate of 20.450. The company issued revenue guidance of $5.2 billion-$5.2 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $20.75-$21.00 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho raised their price objective on Lennox International from $575.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Lennox International from $550.00 to $575.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. The Goldman Sachs Group lifted their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company lifted their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lennox International has a consensus rating of “Hold” and a consensus target price of $570.00.

Lennox International Price Performance

NYSE:LII traded up $17.93 during trading hours on Wednesday, reaching $612.30. 393,428 shares of the company’s stock were exchanged, compared to its average volume of 271,627. The company has a market capitalization of $21.81 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. Lennox International has a 12 month low of $334.53 and a 12 month high of $627.46. The business’s 50-day simple moving average is $590.11 and its two-hundred day simple moving average is $541.73. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm posted $6.15 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts expect that Lennox International will post 20.34 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.75%. Lennox International’s payout ratio is presently 26.65%.

Insider Buying and Selling

In other Lennox International news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at $12,447,808. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the transaction, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,052 shares of company stock valued at $7,563,793. Company 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.