Lennox International (NYSE:LII) Releases FY 2024 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 19.000-20.000 for the period, compared to the consensus estimate of 19.720. The company issued revenue guidance of $5.1 billion-$5.1 billion, compared to the consensus revenue estimate of $5.1 billion. Lennox International also updated its FY24 guidance to $19.00-20.00 EPS.

Lennox International Stock Performance

Shares of NYSE:LII traded down $10.27 during trading on Wednesday, hitting $466.39. 459,912 shares of the company traded hands, compared to its average volume of 267,854. The company has a quick ratio of 0.72, a current ratio of 1.41 and a debt-to-equity ratio of 4.01. The business’s fifty day moving average is $470.91 and its 200-day moving average is $434.36. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.26 and a beta of 1.02. Lennox International has a one year low of $256.74 and a one year high of $501.72.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities analysts predict that Lennox International will post 19.74 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.94%. Lennox International’s dividend payout ratio (DPR) is presently 26.60%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Lennox International from a buy rating to a hold rating in a research note on Friday, February 9th. Wells Fargo & Company upped their price target on shares of Lennox International from $491.00 to $545.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Royal Bank of Canada upped their price objective on shares of Lennox International from $392.00 to $414.00 and gave the stock a sector perform rating in a report on Thursday, February 1st. TD Cowen upped their price objective on shares of Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. Finally, Mizuho upped their price objective on shares of Lennox International from $490.00 to $540.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International currently has an average rating of Moderate Buy and an average price target of $473.67.

Insider Activity at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the 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 completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Gary S. Bedard sold 1,849 shares of the 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 completion of the transaction, 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 document filed 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 dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

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.