Lennox International (NYSE:LII) Issues Earnings Results

Lennox International (NYSE:LII - Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $7.82 earnings per share for the quarter, topping the consensus estimate of $6.90 by $0.92, Zacks reports. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $6.83 EPS. Lennox International updated its FY 2025 guidance to 23.250-24.250 EPS.

Lennox International Trading Down 0.5%

NYSE:LII traded down $3.62 on Friday, hitting $660.92. The stock had a trading volume of 325,778 shares, compared to its average volume of 368,229. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.93. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.19 and a beta of 1.13. The company has a fifty day moving average price of $581.98 and a two-hundred day moving average price of $585.38. Lennox International has a 1-year low of $500.10 and a 1-year high of $689.44.

Lennox International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, May 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from Lennox International's previous quarterly dividend of $1.15. This represents a $5.20 dividend on an annualized basis and a yield of 0.79%. Lennox International's payout ratio is presently 22.23%.

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 509 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the transaction, the chief accounting officer directly owned 1,582 shares in the company, valued at $898,655.10. The trade was a 24.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel M. Sessa sold 2,782 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the completion of the transaction, the executive vice president owned 31,574 shares in the company, valued at $21,155,842.96. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LII shares. Oppenheimer upped their price target on shares of Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday. UBS Group lowered their price target on shares of Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Barclays upped their price target on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Morgan Stanley decreased their target price on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $626.50.

Lennox International declared that its board has authorized a stock repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.