Q2 2024 EPS Estimates for Lennox International Inc. Raised by Wolfe Research (NYSE:LII)

Lennox International Inc. (NYSE:LII) – Wolfe Research increased their Q2 2024 EPS estimates for shares of Lennox International in a report issued on Monday, July 8th. Wolfe Research analyst N. Coe now anticipates that the construction company will earn $6.49 per share for the quarter, up from their previous forecast of $6.32. The consensus estimate for Lennox International’s current full-year earnings is $19.96 per share. Wolfe Research also issued estimates for Lennox International’s FY2025 earnings at $22.25 EPS, FY2026 earnings at $22.84 EPS and FY2027 earnings at $24.63 EPS.

Other analysts have also issued reports about the company. Royal Bank of Canada lifted their price target on Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Barclays lifted their price target on shares of Lennox International from $500.00 to $517.00 and gave the company an “equal weight” rating in a research report on Wednesday. TD Cowen raised their price target on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. The Goldman Sachs Group upped their price target on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stephens reiterated an “overweight” rating and set a $550.00 price target on shares of Lennox International in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus price target of $504.00.

Lennox International Stock Down 0.1 %

LII stock opened at $557.19 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International has a 52 week low of $328.94 and a 52 week high of $572.21. The stock has a market capitalization of $19.85 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.46 and a beta of 1.07. The firm has a 50-day simple moving average of $515.85 and a 200-day simple moving average of $478.19.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%.

Lennox International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.15 dividend. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.60 annualized dividend and a yield of 0.83%. Lennox International’s dividend payout ratio is 26.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the period. Tobam raised its stake in shares of Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after buying an additional 82 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Lennox International during the 1st quarter worth approximately $41,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Lennox International in the fourth quarter valued at approximately $42,000. Finally, Bessemer Group Inc. lifted its holdings in Lennox International by 403.3% in the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after acquiring an additional 121 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.