Lennar Corporation (LEN) Set to Announce Quarterly Earnings on Monday
Lennar Corporation (NYSE:LEN) will announce its earnings results before the market opens on Monday, September 18th.
Lennar Corporation (NYSE:LEN) last issued its quarterly earnings results on Tuesday, June 20th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, analysts expect Lennar Corporation to post $4.33 EPS for the current fiscal year and $4.78 EPS for the next fiscal year.
Shares of Lennar Corporation (NYSE:LEN) opened at 51.31 on Friday. The stock has a 50 day moving average price of $52.26 and a 200-day moving average price of $51.96. The company has a market capitalization of $12.03 billion, a PE ratio of 15.00 and a beta of 1.24. Lennar Corporation has a 12 month low of $39.68 and a 12 month high of $55.75.
Several equities analysts recently issued reports on the stock. Argus reissued a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of Lennar Corporation in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Lennar Corporation in a report on Tuesday, July 4th. MKM Partners reissued a “neutral” rating and set a $58.00 price objective (up from $55.00) on shares of Lennar Corporation in a report on Friday, June 23rd. Zacks Investment Research lowered shares of Lennar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, BidaskClub lowered shares of Lennar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given 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 a consensus price target of $56.82.
In other news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the completion of the sale, the chief operating officer now directly owns 139,433 shares in the company, valued at $7,413,652.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.18% of the company’s stock.
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About Lennar Corporation
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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