Lennox International (LII) to Release Earnings on Wednesday

Lennox International (NYSE:LII) will be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $5.91 per share for the quarter. Lennox International has set its FY 2024 guidance at 19.500-20.250 EPS and its FY24 guidance at $19.50-20.25 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.15 earnings per share. On average, analysts expect Lennox International to post $20 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Lennox International Trading Down 1.9 %

LII opened at $595.15 on Wednesday. The firm has a 50-day moving average price of $585.96 and a two-hundred day moving average price of $537.42. Lennox International has a 1-year low of $334.53 and a 1-year high of $627.09. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $21.20 billion, a PE ratio of 34.48, a PEG ratio of 1.89 and a beta of 1.07.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.77%. Lennox International’s dividend payout ratio is currently 26.65%.

Analyst Ratings Changes

Several analysts recently commented on LII shares. TD Cowen raised their price objective on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Royal Bank of Canada raised their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective 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. Finally, The Goldman Sachs Group lifted their price target on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International presently has a consensus rating of “Hold” and a consensus target price of $560.83.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Prakash Bedapudi sold 5,374 shares of the company’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 in the company, valued at approximately $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. 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.