Lennox International (NYSE:LII) Issues Earnings Results

by · The Cerbat Gem

Lennox International (NYSE:LII – Get Free Report) posted its earnings results on Wednesday. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.91 by $0.77, Briefing.com reports. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $5.37 earnings per share. Lennox International updated its FY 2024 guidance to 20.750-21.000 EPS and its FY24 guidance to $20.75-$21.00 EPS.

Lennox International Price Performance

NYSE:LII traded up $10.92 during mid-day trading on Thursday, reaching $620.66. 393,434 shares of the stock were exchanged, compared to its average volume of 274,277. The business has a fifty day moving average price of $590.77 and a 200 day moving average price of $542.21. The firm has a market capitalization of $22.11 billion, a PE ratio of 35.72, a PEG ratio of 1.89 and a beta of 1.07. Lennox International has a 1-year low of $334.53 and a 1-year high of $627.46. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, September 30th. Lennox International’s payout ratio is currently 26.65%.

Analysts Set New Price Targets

LII has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays raised their target price on Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank of Canada raised their target price on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday. Mizuho raised their target price on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $583.92.

Get Our Latest Stock Analysis on Lennox International

Insider Buying and Selling

In related news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now directly owns 2,193 shares in the company, valued at $1,279,549.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,052 shares of company stock valued at $7,563,793 over the last three months. Company insiders own 10.40% of the company’s stock.

About Lennox International

(Get Free Report)

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.

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