Lennox International (NYSE:LII) Posts Quarterly Earnings Results, Beats Estimates By $0.73 EPS

Lennox International (NYSE:LII) posted its quarterly earnings data on Wednesday. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73, Briefing.com reports. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $5.37 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. 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 Stock Performance

NYSE:LII traded down $11.58 during midday trading on Friday, reaching $609.08. The stock had a trading volume of 224,951 shares, compared to its average volume of 274,039. The firm has a fifty day simple moving average of $591.48 and a two-hundred day simple moving average of $542.75. Lennox International has a 12-month low of $348.79 and a 12-month high of $627.46. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The stock has a market cap of $21.70 billion, a P/E ratio of 33.65, a P/E/G ratio of 1.82 and a beta of 1.07.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is 25.51%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LII shares. Barclays lifted their price target on shares of Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Mizuho lifted their price target on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $583.92.

Insider Activity at Lennox International

In related news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the transaction, the executive vice president now directly owns 21,536 shares in the company, valued at $12,447,808. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Lennox International news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares in the company, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total transaction of $291,735.00. Following the sale, the director now owns 2,193 shares in the company, valued at $1,279,549.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,308 shares of company stock worth $6,563,103 in the last three months. 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.