Lennar Reports Third Quarter EPS of $1.06
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Go back to Lennar Reports Third Quarter EPS of $1.06
October 4, 2017 9:02 AM EDT
Citi raised its price target on Lennar (NYSE: LEN) to $59.00 (from $57.00) while maintaining a Neutral rating.
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October 3, 2017 11:21 AM EDT
(Updated - October 3, 2017 11:22 AM EDT)
Homebuilding were in focus Tuesday morning during Lennar Corp.'s (NYSE: LEN) Q3 conference call.
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October 3, 2017 6:02 AM EDT
Lennar Corp. (NYSE: LEN) reported Q3 EPS of $1.06, $0.06 better than the analyst estimate of $1.00. Revenue for the quarter came in at $3.26 billion versus the consensus estimate of $3.26 billion.
Net earnings of $249.2 million, or $1.06 per diluted share, compared to net earnings of $235.8 million, or $1.01 per diluted shareDeliveries of 7,598 homes up 12%New orders of 7,610 homes up 8%; new orders dollar value of $2.9 billion up 14%Backlog of 10,212 homes up 10%; backlog dollar value of $4.1 billion up 18%Revenues of $3.3 billion up 15%Lennar Homebuilding operating earnings of $386.3 million, compared to $344.9 million up...
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