Lennox International (NYSE:LII) Updates FY 2022 Earnings Guidance

Lennox International (NYSE:LIIGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $13.80-$14.50 for the period, compared to the consensus estimate of $14.13. The company issued revenue guidance of $4.61 billion-$4.82 billion, compared to the consensus revenue estimate of $4.59 billion. Lennox International also updated its FY22 guidance to $13.80-14.50 EPS.

Lennox International Stock Performance

Shares of LII stock traded up $2.84 during mid-day trading on Thursday, reaching $229.90. The company’s stock had a trading volume of 7,104 shares, compared to its average volume of 342,177. Lennox International has a 1-year low of $182.85 and a 1-year high of $345.65. The company has a market cap of $8.26 billion, a P/E ratio of 18.38, a PEG ratio of 1.20 and a beta of 0.90. The firm’s 50-day moving average is $208.64 and its two-hundred day moving average is $240.61.

Lennox International (NYSE:LIIGet Rating) last announced its quarterly earnings data on Monday, April 25th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.33. Lennox International had a net margin of 10.84% and a negative return on equity of 153.38%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $977.60 million. During the same quarter in the prior year, the company posted $2.27 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that Lennox International will post 14.14 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, August 30th. Lennox International’s dividend payout ratio (DPR) is presently 33.97%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LII shares. The Goldman Sachs Group reduced their target price on shares of Lennox International from $248.00 to $190.00 and set a sell rating on the stock in a research note on Thursday, June 23rd. Cowen upgraded shares of Lennox International from a market perform rating to an outperform rating and set a $260.00 price target on the stock in a research report on Friday, July 8th. Stephens cut their price target on shares of Lennox International from $335.00 to $275.00 and set an equal weight rating on the stock in a research report on Tuesday, April 26th. Morgan Stanley cut their price target on shares of Lennox International from $238.00 to $222.00 and set an equal weight rating on the stock in a research report on Friday, July 15th. Finally, Barclays cut their price target on shares of Lennox International from $240.00 to $230.00 and set an equal weight rating on the stock in a research report on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International has a consensus rating of Hold and a consensus target price of $237.80.

Insider Activity at Lennox International

In related news, COO Elliot S. Zimmer sold 1,035 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $214.19, for a total value of $221,686.65. Following the completion of the transaction, the chief operating officer now directly owns 2,443 shares of the company’s stock, valued at $523,266.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lennox International news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $205.16, for a total transaction of $41,032.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,297 shares of the company’s stock, valued at $471,252.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Elliot S. Zimmer sold 1,035 shares of Lennox International stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $214.19, for a total transaction of $221,686.65. Following the transaction, the chief operating officer now directly owns 2,443 shares of the company’s stock, valued at $523,266.17. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Lennox International Company Profile

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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.

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Earnings History and Estimates for Lennox International (NYSE:LII)

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