What is William Blair's Estimate for LII FY2024 Earnings?

Lennox International Inc. (NYSE:LII - Free Report) - Analysts at William Blair boosted their FY2024 earnings per share estimates for shares of Lennox International in a research report issued to clients and investors on Wednesday, January 15th. William Blair analyst R. Merkel now expects that the construction company will earn $21.42 per share for the year, up from their prior estimate of $21.21. The consensus estimate for Lennox International's current full-year earnings is $21.12 per share. William Blair also issued estimates for Lennox International's Q1 2025 earnings at $3.79 EPS, Q4 2025 earnings at $5.11 EPS and FY2026 earnings at $26.10 EPS.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $5.37 earnings per share. Lennox International's revenue was up 9.6% on a year-over-year basis.

LII has been the subject of a number of other research reports. Northcoast Research assumed coverage on Lennox International in a research note on Friday, November 22nd. They issued a "sell" rating and a $475.00 price objective for the company. UBS Group lifted their price target on shares of Lennox International from $575.00 to $625.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Royal Bank of Canada upped their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on shares of Lennox International from $624.00 to $674.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $590.50.

Lennox International Stock Up 0.8 %

Lennox International stock traded up $5.06 during midday trading on Friday, reaching $647.92. The stock had a trading volume of 233,176 shares, compared to its average volume of 301,416. The company has a fifty day moving average price of $636.35 and a two-hundred day moving average price of $599.88. Lennox International has a 12 month low of $412.09 and a 12 month high of $682.50. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $23.08 billion, a P/E ratio of 30.77, a PEG ratio of 1.69 and a beta of 1.11.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, December 31st. Lennox International's dividend payout ratio is presently 21.84%.

Insider Transactions at Lennox International

In other Lennox International news, Director Sherry Buck sold 500 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the transaction, the director now directly owns 1,693 shares of the company's stock, valued at approximately $1,118,632.82. This represents a 22.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Kosel sold 200 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the transaction, the chief accounting officer now directly owns 1,446 shares in the company, valued at $904,458.54. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock worth $1,353,233 in the last ninety days. Company insiders own 10.40% of the company's stock.

Institutional Trading of Lennox International

A number of institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International during the 3rd quarter valued at $27,000. First Horizon Advisors Inc. purchased a new position in Lennox International during the third quarter worth about $39,000. Huntington National Bank increased its stake in Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company's stock worth $43,000 after acquiring an additional 23 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Lennox International during the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

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.