Equities Analysts Set Expectations for Lennox International Inc.’s FY2024 Earnings (NYSE:LII)

Posted by Defense World Staff on Sep 25th, 2023

Lennox International Inc. (NYSE:LII – Free Report) – Research analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Lennox International in a report released on Friday, September 22nd. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $19.75 for the year, up from their prior estimate of $19.35. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Lennox International’s current full-year earnings is $16.67 per share.

A number of other research analysts have also recently issued reports on the company. Mizuho reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Lennox International in a research note on Tuesday, September 5th. Morgan Stanley raised their price objective on Lennox International from $378.00 to $407.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank of Canada assumed coverage on Lennox International in a research note on Wednesday, August 16th. They set a “sector perform” rating and a $391.00 price objective on the stock. Robert W. Baird raised their price objective on Lennox International from $375.00 to $400.00 in a research note on Friday, July 28th. Finally, Barclays raised their price objective on Lennox International from $280.00 to $350.00 in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Lennox International has an average rating of “Hold” and a consensus price target of $329.62.

Read Our Latest Report on Lennox International

Lennox International Stock Up 1.7 %

LII opened at $374.50 on Monday. The stock has a market cap of $13.30 billion, a PE ratio of 24.18, a P/E/G ratio of 1.87 and a beta of 0.96. The company has a quick ratio of 0.56, a current ratio of 1.05 and a debt-to-equity ratio of 13.06. Lennox International has a 52 week low of $202.97 and a 52 week high of $393.02. The business’s fifty day simple moving average is $365.56 and its 200 day simple moving average is $310.43.

Lennox International (NYSE:LII – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.21 by $0.94. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Lennox International had a negative return on equity of 390.97% and a net margin of 11.49%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.00 earnings per share.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $4.40 annualized dividend and a yield of 1.17%. Lennox International’s dividend payout ratio (DPR) is presently 28.41%.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 602 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $372.98, for a total value of $224,533.96. Following the completion of the sale, the chief accounting officer now directly owns 2,046 shares in the company, valued at $763,117.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lennox International

Large investors have recently made changes to their positions in the business. Private Trust Co. NA lifted its holdings in shares of Lennox International by 43.6% during the second quarter. Private Trust Co. NA now owns 145 shares of the construction company’s stock valued at $47,000 after purchasing an additional 44 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lennox International during the second quarter valued at approximately $63,000. UniSuper Management Pty Ltd purchased a new position in shares of Lennox International during the second quarter valued at approximately $98,000. Lazard Asset Management LLC lifted its holdings in shares of Lennox International by 40.8% during the fourth quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock valued at $157,000 after purchasing an additional 191 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its holdings in shares of Lennox International by 9.2% during the first quarter. Desjardins Global Asset Management Inc. now owns 662 shares of the construction company’s stock valued at $166,000 after purchasing an additional 56 shares during the last quarter. 67.85% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

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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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.