Lennox International (NYSE:LII) Updates FY24 Earnings Guidance

Lennox International (NYSE:LII - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $19.00-20.00 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com lowered Lennox International from a buy rating to a hold rating in a research report on Friday, February 9th. Royal Bank of Canada lifted their price target on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a report on Thursday, February 1st. JPMorgan Chase & Co. downgraded Lennox International from a neutral rating to an underweight rating and cut their price target for the company from $370.00 to $330.00 in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a report on Thursday, February 1st. They issued a buy rating and a $523.00 price target on the stock. Finally, Mizuho lifted their price target on Lennox International from $490.00 to $540.00 and gave the company a buy rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Lennox International has an average rating of Moderate Buy and a consensus price target of $473.67.

Lennox International Stock Performance

Lennox International stock traded down $8.82 during trading hours on Wednesday, hitting $467.84. 609,735 shares of the stock traded hands, compared to its average volume of 270,178. 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 firm's 50 day moving average price is $471.32 and its 200-day moving average price is $434.59. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 2.26 and a beta of 1.02. Lennox International has a 1 year low of $256.74 and a 1 year high of $501.72.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.17. The business 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%. As a group, equities analysts expect that Lennox International will post 19.74 EPS for the current fiscal year.

Lennox International Announces Dividend

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

Insider Buying and Selling

In other news, EVP Gary S. Bedard sold 1,849 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was 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 directly owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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 directly owns 24,533 shares in the company, valued at $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. 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.