Lennox International Inc. (NYSE:LII) to Post Q1 2024 Earnings of $3.41 Per Share, William Blair Forecasts

Lennox International Inc. (NYSE:LII - Free Report) - Stock analysts at William Blair raised their Q1 2024 earnings per share estimates for Lennox International in a research note issued on Thursday, April 11th. William Blair analyst R. Merkel now anticipates that the construction company will post earnings per share of $3.41 for the quarter, up from their previous estimate of $3.36. The consensus estimate for Lennox International's current full-year earnings is $19.74 per share. William Blair also issued estimates for Lennox International's FY2025 earnings at $23.76 EPS.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.17. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%.

A number of other research firms also recently weighed in on LII. TD Cowen lifted their target price on Lennox International from $450.00 to $505.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. Mizuho lifted their price objective on Lennox International from $490.00 to $540.00 and gave the company a "buy" rating in a report on Monday, April 1st. StockNews.com downgraded Lennox International from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Barclays lifted their target price on shares of Lennox International from $450.00 to $500.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Lennox International from $491.00 to $545.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $473.67.

Lennox International Stock Performance

LII stock traded up $6.43 during trading on Friday, reaching $471.39. 300,035 shares of the stock were exchanged, compared to its average volume of 262,282. Lennox International has a twelve month low of $243.67 and a twelve month high of $501.72. The company has a market capitalization of $16.79 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 2.29 and a beta of 1.02. The stock has a 50 day simple moving average of $467.74 and a 200-day simple moving average of $429.10. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01.

Hedge Funds Weigh In On Lennox International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in Lennox International by 105.3% in the 4th quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company's stock worth $3,035,000 after purchasing an additional 3,478 shares during the period. Forsta AP Fonden boosted its stake in Lennox International by 11.8% in the 3rd quarter. Forsta AP Fonden now owns 22,700 shares of the construction company's stock worth $8,500,000 after purchasing an additional 2,400 shares during the period. iA Global Asset Management Inc. acquired a new position in Lennox International in the 3rd quarter worth $8,067,000. DNB Asset Management AS acquired a new position in Lennox International in the 4th quarter worth $5,393,000. Finally, Comerica Bank bought a new stake in Lennox International during the 2nd quarter worth about $55,070,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the transaction, the executive vice president now owns 24,533 shares of the company's stock, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary S. Bedard sold 1,849 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 20,465 shares of the company's stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company's stock.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, March 27th. Lennox International's dividend payout ratio (DPR) is presently 26.60%.

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.