Lennox International (LII) to Release Quarterly Earnings on Wednesday

Lennox International (NYSE:LII) will be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Lennox International to post earnings of $3.15 per share for the quarter. Lennox International has set its FY 2024 guidance at 18.500-20.000 EPS and its FY24 guidance at $18.50-$20.00 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.17. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. On average, analysts expect Lennox International to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Lennox International Stock Performance

Shares of Lennox International stock opened at $460.85 on Wednesday. The firm’s fifty day simple moving average is $469.23 and its 200-day simple moving average is $431.13. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.31 and a beta of 1.02. Lennox International has a 12 month low of $248.05 and a 12 month high of $501.72. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.95%. Lennox International’s payout ratio is 26.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LII. JPMorgan Chase & Co. cut shares of Lennox International from a “neutral” rating to an “underweight” rating and cut their target price for the company from $370.00 to $330.00 in a report on Thursday, February 1st. TD Cowen boosted their price objective on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Barclays boosted their price objective on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lennox International in a research note on Thursday, February 1st. They issued a “buy” rating and a $523.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Lennox International presently has a consensus rating of “Moderate Buy” and a consensus target price of $473.67.

Insider Buying and Selling

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Lennox International by 2.8% during the 4th quarter. Captrust Financial Advisors now owns 4,278 shares of the construction company’s stock valued at $1,023,000 after buying an additional 115 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Lennox International by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,911 shares of the construction company’s stock valued at $3,766,000 after buying an additional 141 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Lennox International by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock valued at $157,000 after buying an additional 191 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Lennox International during the 2nd quarter valued at approximately $98,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Lennox International by 35.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,353 shares of the construction company’s stock valued at $524,000 after buying an additional 612 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.