Lennox International (LII) to Release Quarterly Earnings on Wednesday

Lennox International (NYSE:LII) will be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $3.15 per share for the quarter. Lennox International has set its FY 2024 guidance at 18.500-20.000 EPS and its FY24 guidance at $18.50-$20.00 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, analysts expect Lennox International to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Lennox International Price Performance

Shares of NYSE LII opened at $459.32 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. Lennox International has a twelve month low of $256.74 and a twelve month high of $501.72. The stock has a 50 day moving average of $470.04 and a two-hundred day moving average of $433.64. The stock has a market cap of $16.36 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.24 and a beta of 1.02.

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 issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, March 27th. Lennox International’s payout ratio is currently 26.60%.

Insider Buying and Selling at Lennox International

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LII shares. Barclays boosted their target price on Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered Lennox International from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $370.00 to $330.00 in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a report on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price on the stock. StockNews.com lowered Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Mizuho boosted their target price on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $473.67.

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.