Lennar (LEN) PT Raised to $59 at Citi
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Lennar Reports Third Quarter EPS of $1.06
October 3, 2017 6:00 AM EDTMIAMI, Oct. 3, 2017 /PRNewswire/ --
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 share Deliveries 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 12% Gross margin on home sales of 22.8% improved 20 basis points S,G&A expenses as a % of revenues from home sales of 9.2%... More