Lennox International (LII) to Release Quarterly Earnings on Wednesday

Lennox International (NYSE:LII) is scheduled to be announcing 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 released its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.46 by $0.17. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. 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 Trading Down 0.3 %

LII opened at $457.15 on Monday. The stock’s fifty day moving average is $469.85 and its two-hundred day moving average is $433.02. The company has a market capitalization of $16.28 billion, a P/E ratio of 27.64, a PEG ratio of 2.24 and a beta of 1.02. Lennox International has a 52 week low of $256.74 and a 52 week high of $501.72. The company has a quick ratio of 0.72, a current ratio of 1.41 and a debt-to-equity ratio of 4.01.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 0.96%. Lennox International’s dividend payout ratio (DPR) is presently 26.60%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Lennox International

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SNC increased its stake in shares of Lennox International by 151.5% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company’s stock valued at $6,946,000 after purchasing an additional 16,653 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lennox International by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company’s stock valued at $123,003,000 after purchasing an additional 14,062 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Lennox International by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock valued at $89,973,000 after purchasing an additional 10,227 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Lennox International by 204.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,104 shares of the construction company’s stock worth $3,293,000 after buying an additional 8,800 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Lennox International by 839.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,163 shares of the construction company’s stock worth $927,000 after buying an additional 3,720 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Analysts Set New Price Targets

LII has been the topic of several recent research reports. Royal Bank of Canada increased their target price on Lennox International from $392.00 to $414.00 and gave the company a “sector perform” rating in a research report on Thursday, February 1st. KeyCorp increased their target price on Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Mizuho increased their target price on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company increased their target price on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a research report on Thursday, February 1st. They set a “buy” rating and a $523.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $473.67.

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.