Lennox International (NYSE:LII) Issues Quarterly Earnings Results

Lennox International (NYSE:LII) issued its earnings results on Wednesday. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28, Briefing.com reports. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $6.15 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Lennox International updated its FY 2024 guidance to 19.500-20.250 EPS and its FY24 guidance to $19.50-20.25 EPS.

Lennox International Trading Up 5.0 %

Shares of LII traded up $27.07 on Friday, hitting $572.80. 476,932 shares of the stock traded hands, compared to its average volume of 344,371. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $20.41 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.46 and a beta of 1.07. Lennox International has a 1 year low of $334.53 and a 1 year high of $583.42. The stock’s 50 day moving average is $530.22 and its two-hundred day moving average is $486.43.

Lennox International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $1.15 per share. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.80%. Lennox International’s dividend payout ratio is presently 26.65%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Robert W. Baird upped their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a report on Thursday. KeyCorp upped their price target on shares of Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $543.62.

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.