Lennox International (NYSE:LII) Releases Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Lennox International (NYSE:LII) announced its quarterly earnings data on Wednesday. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28, Briefing.com reports. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $6.15 earnings per share. Lennox International’s quarterly revenue was up 2.8% on a year-over-year basis. Lennox International updated its FY 2024 guidance to 19.500-20.250 EPS and its FY24 guidance to $19.50-20.25 EPS.

Lennox International Stock Up 0.8 %

Shares of NYSE LII traded up $4.58 during trading hours on Thursday, hitting $545.73. The company had a trading volume of 350,117 shares, compared to its average volume of 290,671. The stock has a market capitalization of $19.44 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 2.56 and a beta of 1.07. The company has a quick ratio of 0.68, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International has a 1-year low of $331.60 and a 1-year high of $583.42. The firm’s 50 day moving average is $528.56 and its 200-day moving average is $485.47.

Lennox International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, June 28th. This is an increase from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s dividend payout ratio is presently 26.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. KeyCorp boosted their price target on shares of Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada boosted their price target on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Lennox International from $350.00 to $360.00 and gave the company an “underweight” rating in a report on Thursday, April 25th. Barclays boosted their price target on shares of Lennox International from $500.00 to $517.00 and gave the company an “equal weight” rating in a report on Wednesday, July 10th. Finally, Stephens restated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Lennox International has an average rating of “Hold” and an average price target of $541.08.

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.