Lennox International (NYSE:LII) Updates FY24 Earnings Guidance

Lennox International (NYSE:LII - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $20.75-$21.00 for the period, compared to the consensus estimate of $20.47. The company issued revenue guidance of $5.48 billion, compared to the consensus revenue estimate of $5.12 billion. Lennox International also updated its FY 2024 guidance to 20.750-21.000 EPS.

Lennox International Stock Performance

Shares of LII stock traded up $15.37 on Wednesday, hitting $609.74. The company's stock had a trading volume of 817,502 shares, compared to its average volume of 273,696. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The stock's 50 day moving average is $590.11 and its 200-day moving average is $541.73. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.46. The company has a market capitalization of $21.72 billion, a PE ratio of 35.33, a PEG ratio of 1.89 and a beta of 1.07.

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 (EPS) for the quarter, topping analysts' consensus estimates of $6.55 by $0.28. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $6.15 earnings per share. Equities research analysts expect that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. KeyCorp downgraded shares of Lennox International from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a "sector perform" rating in a report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on shares of Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Finally, Mizuho lifted their target price on Lennox International from $575.00 to $650.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $570.00.

Insider Buying and Selling at Lennox International

In other Lennox International news, Director Sherry Buck sold 500 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now owns 2,193 shares in the company, valued at approximately $1,279,549.71. 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 can be accessed through this hyperlink. In related news, Director Sherry Buck sold 500 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total transaction of $291,735.00. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. This 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 available through this hyperlink. Also, CAO Chris Kosel sold 1,744 shares of the company's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares of the company's stock, valued at approximately $944,458.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,052 shares of company stock worth $7,563,793. 10.40% of the stock is currently owned by insiders.

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.