Lennox International (NYSE:LII) Releases FY24 Earnings Guidance

Lennox International (NYSE:LII) updated its FY24 earnings guidance on Wednesday. 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.

Lennox International Price Performance

NYSE LII traded up $5.82 during mid-day trading on Friday, hitting $481.32. The stock had a trading volume of 100,184 shares, compared to its average volume of 271,275. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a 50 day simple moving average of $471.81 and a 200 day simple moving average of $434.88. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. Equities analysts forecast that Lennox International will post 19.66 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio (DPR) is presently 25.49%.

Analyst Upgrades and Downgrades

LII has been the topic of several analyst reports. Wells Fargo & Company decreased their price objective on Lennox International from $545.00 to $520.00 and set an overweight rating on the stock in a report on Thursday. UBS Group raised their price objective on Lennox International from $450.00 to $485.00 and gave the stock a neutral rating in a report on Thursday. TD Cowen raised their price objective on Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their target price on Lennox International from $350.00 to $360.00 and gave the company an underweight rating in a report on Thursday. Finally, Stephens reiterated an overweight rating and issued a $550.00 target price on shares of Lennox International in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $482.31.

Insider Transactions at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. 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.