FBR Capital Raises Price Target on Lennar Corp. (LEN) Following 2Q15 Results

Compass Point Raises Price Target on Lennar Corp. (LEN) Following Q2 EPS Beat

June 24, 2015 1:41 PM EDT

Compass Point maintains a Neutral rating on Lennar (NYSE: LEN), and raised the price target to $50.00 (from $49.00), following 2Q15 results. LEN reported 2Q15 EPS of $0.79, beating the Streets consensus estimate of $0.64.

Analyst Wilkes Graham commented, "We maintain our Neutral rating and raise our price target to $50.00 from $49.00 on shares of LEN. LEN reported blowout second quarter earnings characterized by a 15 cent headline beat, 21% closings growth, 18% orders growth, a 20 bp HB margin beat, and a 110 bp SG&A margin beat.... More

Pre-Open Stock Movers 06/24: (MEET) (BOX) (LEN) Higher; (ADHD) (FTNT) (SPLS) Lower (more...)

June 24, 2015 9:30 AM EDT

MeetMe, Inc. (NASDAQ: MEET) 22.9% HIGHER; announced it increased its revenue and adjusted EBITDA guidance for its second quarter ending June 30, 2015 based on progress it has made in successfully transitioning management of its advertising inventory in-house earlier this month. The company now expect second quarter revenue to be between $10.5 million and $10.7 million, above our previously revised guidance of $9.0 million to $9.5 million.

Celator Pharmaceuticals (NASDAQ:... More

Lennar Corp. (LEN) Tops Q2 EPS by 15c

June 24, 2015 6:04 AM EDT

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $0.79, $0.15 better than the analyst estimate of $0.64. Revenue for the quarter came in at $2.39 billion versus the consensus estimate of $2.02 billion.

Deliveries of 6,015 homes up 21%New orders of 7,271 homes up 18%; new orders dollar value of $2.6... More

Lennar Corp. (LEN) Declares $0.04 Quarterly Dividend; 0.3% Yield

June 23, 2015 4:42 PM EDT

Lennar Corp. (NYSE: LEN) declared a quarterly dividend of $0.04 per share, or $0.16 annualized.

The dividend will be payable on July 22, 2015, to stockholders of record on July 8, 2015, with an ex-dividend date of July 6, 2015.

The annual yield on the dividend is 0.3 percent.

For... More

Trading Radar for 6/24: Bed Bath & Beyond (BBBY), Steelcase (SCS), Lennar (LEN), Monsanto (MON) Report

June 23, 2015 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

8:30am EDT

GDP: Third Est. - Street sees (0.2%)GDP... More

May New Home Sales 546K vs 523K Expected

June 23, 2015 10:00 AM EDT

May New Home Sales 546K vs 523K Expected

Following results, traders are watching:

D.R. Horton, Inc. (NYSE: DHI)
Pulte Group (NYSE: PHM)
KB Home (NYSE:... More

FHFA MoM House Price Index 0.3% vs 0.5% Expected

June 23, 2015 9:00 AM EDT

FHFA MoM House Price Index 0.3% vs 0.5% Expected

Following results, traders are watching:

D.R. Horton, Inc. (NYSE: DHI)
Pulte Group (NYSE: PHM)
KB Home (NYSE: KBH)... More