Lennox International (LII) Set to Announce Quarterly Earnings on Wednesday

Lennox International (NYSE:LII - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $5.91 per share for the quarter. Lennox International has set its FY 2024 guidance at 19.500-20.250 EPS and its FY24 guidance at $19.50-20.25 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating analysts' consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. Lennox International's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $6.15 EPS. On average, analysts expect Lennox International to post $20 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Lennox International Stock Down 1.9 %

Shares of LII opened at $595.15 on Wednesday. The firm has a market cap of $21.20 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.89 and a beta of 1.07. Lennox International has a 1 year low of $334.53 and a 1 year high of $627.09. The stock has a 50 day simple moving average of $585.96 and a two-hundred day simple moving average of $537.42. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Monday, September 30th. Lennox International's dividend payout ratio is currently 26.65%.

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares of the company's stock, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lennox International 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 completion of the transaction, the director now owns 8,411 shares in the company, valued at approximately $4,828,334.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Kosel sold 1,744 shares of the business's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,052 shares of company stock worth $7,563,793. 10.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LII. Stephens reissued an "overweight" rating and issued a $675.00 price target on shares of Lennox International in a research note on Thursday, July 25th. The Goldman Sachs Group raised their price target on Lennox International from $507.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Royal Bank of Canada boosted their price objective on Lennox International from $566.00 to $572.00 and gave the company a "sector perform" rating in a research report on Thursday, July 25th. Robert W. Baird raised their target price on shares of Lennox International from $505.00 to $610.00 and gave the stock a "neutral" rating in a report on Monday, July 15th. Finally, KeyCorp lowered shares of Lennox International from an "overweight" rating to a "sector weight" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Lennox International currently has a consensus rating of "Hold" and an average price target of $560.83.

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.