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 Down 2.2 %

Shares of NYSE LII traded down $10.27 during mid-day trading on Wednesday, reaching $466.39. 459,912 shares of the company’s stock traded hands, compared to its average volume of 267,854. The stock has a market cap of $16.61 billion, a P/E ratio of 28.24, a PEG ratio of 2.26 and a beta of 1.02. The business has a 50-day simple moving average of $470.91 and a 200 day simple moving average of $434.36. Lennox International has a 1-year low of $256.74 and a 1-year high of $501.72. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72.

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 analysts’ consensus estimates of $3.46 by $0.17. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. On average, analysts expect that Lennox International will post 19.74 EPS for the current fiscal year.

Lennox International Dividend Announcement

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

Analyst Ratings Changes

LII has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research note on Tuesday, April 2nd. StockNews.com lowered shares of Lennox International from a buy rating to a hold rating in a report on Friday, February 9th. Wells Fargo & Company increased their price objective on shares of Lennox International from $491.00 to $545.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. TD Cowen raised their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. downgraded shares of Lennox International from a neutral rating to an underweight rating and dropped their price target for the company from $370.00 to $330.00 in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $473.67.

Insiders Place Their Bets

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Gary S. Bedard sold 1,849 shares of the business’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 sale, the executive vice president now directly owns 20,465 shares in the company, valued at approximately $9,692,019.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by corporate insiders.

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.