Lennox International (NYSE:LII) Releases FY24 Earnings Guidance

Lennox International (NYSE:LII) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $19.00-20.00 for the period, compared to the consensus estimate of $19.76. The company issued revenue guidance of +7% yr/yr to $5.33 billion, compared to the consensus revenue estimate of $5.12 billion. Lennox International also updated its FY 2024 guidance to 19.000-20.000 EPS.

Lennox International Price Performance

Shares of Lennox International stock traded down $8.82 on Wednesday, hitting $467.84. The company had a trading volume of 609,735 shares, compared to its average volume of 270,178. The business has a 50-day simple moving average of $471.32 and a 200-day simple moving average of $434.59. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. The company has a market cap of $16.67 billion, a PE ratio of 28.29, a PEG ratio of 2.26 and a beta of 1.02. Lennox International has a 52 week low of $256.74 and a 52 week high of $501.72.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Research analysts expect that Lennox International will post 19.74 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio is presently 26.60%.

Wall Street Analyst Weigh In

Several analysts recently commented on LII shares. KeyCorp increased their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an overweight rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lowered shares of Lennox International from a neutral rating to an underweight rating and cut their target price for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. Barclays upped their price target on shares of Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Mizuho upped their price target on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a research report on Monday, April 1st. Finally, TD Cowen upped their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $473.67.

Insiders Place Their Bets

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% 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.