Lennox International (NYSE:LII) Issues FY24 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $19.00-20.00 for the period, compared to the consensus 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 research firms recently commented on LII. Barclays upped their price objective on Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research note on Tuesday, April 2nd. Stephens reaffirmed an overweight rating and set a $550.00 price target on shares of Lennox International in a research report on Thursday. Royal Bank of Canada lifted their price objective on Lennox International from $481.00 to $510.00 and gave the stock a sector perform rating in a report on Thursday. Mizuho upped their price objective 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. Finally, KeyCorp lifted their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. One investment 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. According to MarketBeat, Lennox International 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 stock’s 50-day simple moving average is $472.39 and its 200 day simple moving average is $435.55. 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 company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72.

Lennox International (NYSE:LII) last issued its quarterly earnings data 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. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts forecast that Lennox International will post 19.77 EPS for the current fiscal year.

Lennox International Dividend Announcement

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

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s 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 sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s 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 sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares in the company, 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.