Lennox International (NYSE:LII) Posts Quarterly Earnings Results

Lennox International (NYSE:LII) released its quarterly earnings data on Wednesday. The construction company reported $6.83 EPS for the quarter, topping the consensus estimate of $6.55 by $0.28, Briefing.com reports. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $6.15 EPS. The business’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 Stock Performance

Shares of LII traded up $4.58 on Thursday, reaching $545.73. 350,117 shares of the stock traded hands, compared to its average volume of 290,671. Lennox International has a 12 month low of $331.60 and a 12 month high of $583.42. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.56 and a beta of 1.07. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. The stock’s 50-day moving average price is $528.56 and its 200-day moving average price is $485.47.

Lennox International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $1.15 dividend. This is an increase from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, June 28th. Lennox International’s payout ratio is currently 26.65%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price 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 reissued an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research report on Thursday. The Goldman Sachs Group increased their target price on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Company downgraded shares of Lennox International from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $550.00 to $570.00 in a research report on Wednesday, July 10th. Finally, TD Cowen increased their price objective on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. One research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $541.08.

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.