Lennox International (NYSE:LII – Get Free Report) 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
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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.
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