Lennox International (NYSE:LII) Issues FY24 Earnings Guidance

Lennox International (NYSE:LII) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $19.50-20.25 for the period, compared to the consensus EPS estimate of $20.12. The company issued revenue guidance of +7% yr/yr to $5.33 billion, compared to the consensus revenue estimate of $5.13 billion. Lennox International also updated its FY 2024 guidance to 19.500-20.250 EPS.

Wall Street Analyst Weigh In

Several research firms recently commented on LII. TD Cowen increased their price objective on Lennox International from $550.00 to $600.00 and gave the company a buy rating in a research report on Friday, June 21st. UBS Group increased their target price on Lennox International from $450.00 to $485.00 and gave the company a neutral rating in a report on Thursday, April 25th. Royal Bank of Canada increased their target price on Lennox International from $566.00 to $572.00 and gave the company a sector perform rating in a report on Thursday. The Goldman Sachs Group increased their target price on Lennox International from $507.00 to $575.00 and gave the company a buy rating in a report on Wednesday, July 10th. Finally, Stephens reissued an overweight rating and issued a $675.00 target price on shares of Lennox International in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Lennox International presently has a consensus rating of Hold and an average price target of $543.62.

Lennox International Stock Performance

NYSE:LII opened at $572.83 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.68 and a debt-to-equity ratio of 1.95. Lennox International has a 12-month low of $334.53 and a 12-month high of $583.42. The stock has a 50-day moving average price of $530.22 and a 200 day moving average price of $486.43. The stock has a market capitalization of $20.41 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.46 and a beta of 1.07.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business posted $6.15 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Lennox International will post 19.96 EPS for the current fiscal year.

Lennox International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.15 per share. The ex-dividend date was Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.80%. This is a boost from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s dividend payout ratio (DPR) is currently 26.65%.

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.