Lennar Corp. (LEN) Reports Q3 EPS of $0.96
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Go back to Lennar Corp. (LEN) Reports Q3 EPS of $0.96
September 22, 2015 11:50 AM EDT
Despite strong Q3 results, Lennar (NYSE: LEN) shares were pressured yesterday, as its earnings beat was "overshadowed by talk of growth constraints," according to MKM Partners analyst Megan McGrath. Land was described as the biggest constraint to growth, followed by labor.
"We believe that the earnings beat was offset by LEN's... More
September 22, 2015 6:58 AM EDT
FBR Capital reiterated an Outperform rating on Lennar (NYSE: LEN), and raised the price target to $60.00 (from $59.00), following the company's 3Q15 earnings results. Lennar reported headline 3Q15 EPS of $0.96, which exceeded consensus of $0.81.
Analyst Patrick Kealey commented, "We are reiterating our Outperform rating... More
September 21, 2015 6:13 AM EDT
(Reuters) - Lennar Corp, the No.2 U.S. homebuilder by volume, reported better-than-expected quarterly profit and revenue as it sold more homes at higher prices.
Lennar said on Monday that orders, a key indicator of future revenue for homebuilders, rose 10.3 percent across all regions, except Houston, in the third... More
