Lennar Corporation (LEN) to Release Quarterly Earnings on Monday
Lennar Corporation (NYSE:LEN) is scheduled to be announcing its earnings results before the market opens on Monday, September 18th.
Lennar Corporation (NYSE:LEN) last issued its quarterly earnings data on Tuesday, June 20th. The construction company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts expect Lennar Corporation to post $3.82 EPS for the current fiscal year and $4.80 EPS for the next fiscal year.
Shares of Lennar Corporation (LEN) opened at 50.54 on Monday. The firm has a 50-day moving average price of $52.49 and a 200-day moving average price of $51.82. The stock has a market cap of $11.85 billion, a PE ratio of 14.77 and a beta of 1.24. Lennar Corporation has a 52 week low of $39.68 and a 52 week high of $55.75.
In other Lennar Corporation news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the sale, the chief operating officer now owns 139,433 shares of the company’s stock, valued at approximately $7,413,652.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.18% of the stock is owned by insiders.
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Several research analysts have recently commented on the company. Mizuho assumed coverage on Lennar Corporation in a research report on Tuesday, May 16th. They issued a “buy” rating and a $59.00 target price for the company. Argus reiterated a “buy” rating and issued a $60.00 target price (up previously from $57.00) on shares of Lennar Corporation in a research report on Tuesday, July 25th. Zacks Investment Research lowered Lennar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Lennar Corporation in a research report on Tuesday, July 4th. Finally, MKM Partners reiterated a “neutral” rating and issued a $58.00 target price (up previously from $55.00) on shares of Lennar Corporation in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $56.41.
Lennar Corporation Company Profile
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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