FY2024 Earnings Forecast for LII Issued By William Blair

Lennox International Inc. (NYSE:LII - Free Report) - Analysts at William Blair raised their FY2024 earnings per share estimates for shares of Lennox International in a research note issued on Wednesday, October 23rd. William Blair analyst R. Merkel now anticipates that the construction company will earn $21.21 per share for the year, up from their previous estimate of $20.60. The consensus estimate for Lennox International's current full-year earnings is $20.38 per share. William Blair also issued estimates for Lennox International's FY2025 earnings at $23.75 EPS.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts' consensus estimates of $5.95 by $0.73. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $5.37 EPS. The firm's revenue for the quarter was up 9.6% on a year-over-year basis.

Other analysts also recently issued reports about the company. Robert W. Baird increased their target price on Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a research note on Thursday. Stephens reiterated an "overweight" rating and set a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. Wells Fargo & Company increased their target price on Lennox International from $570.00 to $615.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. The Goldman Sachs Group increased their target price on Lennox International from $507.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Finally, Barclays increased their target price on Lennox International from $575.00 to $624.00 and gave the company an "equal weight" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $583.92.

Lennox International Stock Up 0.6 %

LII stock traded up $3.46 on Monday, reaching $612.64. 219,763 shares of the company traded hands, compared to its average volume of 273,778. The firm has a fifty day simple moving average of $592.98 and a 200-day simple moving average of $545.64. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International has a one year low of $358.85 and a one year high of $627.46. The company has a market cap of $21.82 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. Lennox International's payout ratio is 26.65%.

Insider Activity

In related news, Director Todd J. Teske sold 2,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the sale, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Prakash Bedapudi sold 3,434 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares in the company, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares in the company, valued at $4,828,334.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock worth $6,923,892 over the last ninety days. Corporate insiders own 10.40% of the company's stock.

Institutional Investors Weigh In On Lennox International

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in Lennox International during the second quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV grew its stake 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 valued at $36,000 after buying an additional 19 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock valued at $53,000 after buying an additional 70 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Lennox International during the second quarter valued at approximately $65,000. Finally, Bessemer Group Inc. grew its stake in shares of Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company's stock valued at $73,000 after buying an additional 121 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

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.