Lennox International (LII) to Release Quarterly Earnings on Wednesday

Lennox International (NYSE:LII) is scheduled to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce 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.Investors interested in listening to the company’s conference call can do so using this link.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. 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 Down 0.2 %

Shares of NYSE:LII opened at $460.85 on Wednesday. Lennox International has a 52-week low of $248.05 and a 52-week high of $501.72. The firm has a fifty day moving average of $469.23 and a 200 day moving average of $431.13. The firm has a market capitalization of $16.42 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41.

Lennox International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho boosted their price target on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Royal Bank of Canada boosted their price target on shares of Lennox International from $392.00 to $414.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 1st. KeyCorp boosted their price target on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. downgraded shares of Lennox International from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $473.67.

Insider Buying and Selling

In related news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently bought and sold shares of LII. BNP Paribas Arbitrage SNC grew its holdings in Lennox International by 151.5% in the first quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company’s stock worth $6,946,000 after purchasing an additional 16,653 shares during the period. Geode Capital Management LLC grew its holdings in Lennox International by 3.0% in the first quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company’s stock worth $123,003,000 after purchasing an additional 14,062 shares during the period. Bank of New York Mellon Corp grew its holdings in Lennox International by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after purchasing an additional 10,227 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Lennox International by 204.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,104 shares of the construction company’s stock worth $3,293,000 after purchasing an additional 8,800 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Lennox International by 839.7% in the third quarter. Captrust Financial Advisors now owns 4,163 shares of the construction company’s stock worth $927,000 after purchasing an additional 3,720 shares during the period. Hedge funds and other institutional investors own 67.07% 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.