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.

Wall Street Analyst Weigh In

LII has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lennox International in a research note on Thursday, February 1st. They issued a buy rating and a $523.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Lennox International from $491.00 to $545.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on shares of Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a research note on Thursday, February 1st. Barclays lifted their target price on shares of Lennox International from $450.00 to $500.00 and gave the stock an equal weight rating in a research note on Tuesday, April 2nd. Finally, TD Cowen lifted their target price on shares of Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Lennox International currently has an average rating of Moderate Buy and a consensus target price of $473.67.

Lennox International Trading Down 1.9 %

Shares of LII stock traded down $8.82 on Wednesday, hitting $467.84. 609,735 shares of the stock traded hands, compared to its average volume of 270,178. The stock has a market capitalization of $16.67 billion, a PE ratio of 28.29, a PEG ratio of 2.26 and a beta of 1.02. Lennox International has a twelve month low of $256.74 and a twelve month high of $501.72. The firm’s 50-day moving average price is $471.32 and its two-hundred day moving average price is $434.59. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.17. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. As a group, analysts anticipate that Lennox International will post 19.74 EPS for the current year.

Lennox International Announces Dividend

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

Insider Activity at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction that occurred 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 transaction, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction that occurred 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 owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction 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 approximately $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is owned by 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.