Lennox International (NYSE:LII) Announces Earnings Results

Lennox International (NYSE:LII - Get Free Report) issued its earnings results on Wednesday. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73, Briefing.com reports. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the firm posted $5.37 EPS. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. Lennox International updated its FY 2024 guidance to 20.750-21.000 EPS and its FY24 guidance to $20.75-$21.00 EPS.

Lennox International Trading Up 1.8 %

Shares of LII stock opened at $620.66 on Friday. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.46. The company has a 50 day moving average price of $591.48 and a 200 day moving average price of $542.75. The stock has a market capitalization of $22.11 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

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 paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International's payout ratio is 26.65%.

Insider Buying and Selling at Lennox International

In other news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction on 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Prakash Bedapudi sold 3,434 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Todd J. Teske sold 2,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now directly owns 8,411 shares in the company, valued at $4,828,334.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,308 shares of company stock valued at $6,563,103 in the last 90 days. Company insiders own 10.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LII shares. Mizuho raised their price objective on shares of Lennox International from $650.00 to $675.00 and gave the stock an "outperform" rating in a research report on Thursday. Barclays lifted their price target on shares of Lennox International from $575.00 to $624.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank of Canada increased their price objective on Lennox International from $604.00 to $619.00 and gave the stock a "sector perform" rating in a research report on Thursday. The Goldman Sachs Group upped their price target 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, Wells Fargo & Company raised their price objective on Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $583.92.

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.