Lennox International (NYSE:LII) Issues Earnings Results, Beats Expectations By $0.73 EPS

Lennox International (NYSE:LII) announced its quarterly earnings results on Wednesday. The construction company reported $6.68 earnings per share (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 company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $5.37 earnings per share. The company’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 Down 0.9 %

Shares of LII stock traded down $5.31 during trading hours on Friday, hitting $615.35. 32,432 shares of the company were exchanged, compared to its average volume of 273,073. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.89 and a beta of 1.07. Lennox International has a one year low of $348.79 and a one year high of $627.46. The business’s 50-day simple moving average is $591.48 and its two-hundred day simple moving average is $542.75.

Lennox International Announces Dividend

The business 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. This represents a $4.60 annualized dividend and a yield of 0.75%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio is currently 26.65%.

Insiders Place Their Bets

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now directly 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 that occurred 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 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 11,308 shares of company stock valued at $6,563,103 in the last quarter. Insiders own 10.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LII has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. Robert W. Baird lifted their target price on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays increased their price target on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada increased their target price on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday. One 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 MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $583.92.

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.