Lennox International (NYSE:LII) Issues Quarterly Earnings Results

Lennox International (NYSE:LII) posted its quarterly earnings data on Wednesday. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.91 by $0.77, Briefing.com reports. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company earned $5.37 EPS. 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 Up 1.8 %

Shares of LII stock traded up $10.92 during mid-day trading on Thursday, hitting $620.66. The stock had a trading volume of 393,434 shares, compared to its average volume of 274,277. Lennox International has a 12-month low of $334.53 and a 12-month high of $627.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The firm’s 50-day moving average is $590.77 and its two-hundred day moving average is $542.21. The firm has a market capitalization of $22.11 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 1.89 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. Shareholders of record on Monday, September 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.74%. Lennox International’s payout ratio is currently 26.65%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group upped their price target on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird increased their price objective on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Stephens restated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $583.92.

Insider Activity

In other news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at $944,458.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,052 shares of company stock worth $7,563,793. Company 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.