Lennox International (NYSE:LII) Announces Earnings Results, Beats Estimates By $0.28 EPS

Lennox International (NYSE:LII) announced its earnings results on Wednesday. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28, Briefing.com reports. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $6.15 earnings per share. Lennox International’s revenue was up 2.8% compared to the same quarter last year. 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 Trading Up 5.0 %

Lennox International stock traded up $27.07 during trading hours on Friday, reaching $572.80. 476,932 shares of the company’s stock traded hands, compared to its average volume of 344,371. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.68 and a current ratio of 1.60. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $583.42. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.46 and a beta of 1.07. The firm’s 50 day moving average is $530.22 and its 200-day moving average is $486.43.

Lennox International Increases Dividend

The business also recently declared 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. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, June 28th. This represents a $4.60 annualized dividend and a yield of 0.80%. Lennox International’s dividend payout ratio is 26.65%.

Analyst Upgrades and Downgrades

LII has been the topic of several analyst reports. 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. The Goldman Sachs Group boosted 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. TD Cowen boosted their price target on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a report on Friday, June 21st. UBS Group boosted their price target on shares of Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Company downgraded shares of Lennox International from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $550.00 to $570.00 in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $543.62.

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.