Lennox Int'l (LII) Reports 3c EPS Beat; UBS Raises Price target to $135

UBS reiterated a Buy rating on Lennox International (NYSE: LII), and raised the price target to $135.00 (from $125.00), following the company's 3Q15 earnings results. EPS of $1.82 beat consensus estimates $1.79.

Analyst Shannon O'Callaghan commented, "EPS of $1.82 beat our $1.78 estimate. Organic growth of 11% beat our 7.5% estimate and segment margin of 16.3% beat our 16.0% estimate. Segment profit beat our estimate by $0.09 (Residential $0.06, Commercial $0.02, Refrigeration $0.01), while corporate/other expense was higher, partially offset by a lower tax rate for the net $0.04 EPS beat. Residential HVAC organic growth of 13% beat our 9% estimate, while Residential margin was 17.4% vs our 17.3%. The strength came from both replacement and new construction. The mix of 14+ SEER was 59%, up 17% y/y."

For an analyst ratings summary and ratings history on Lennox International click here. For more ratings news on Lennox International click here.

Shares of Lennox International closed at $124.71 yesterday.

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