Lennar (LEN) PT Raised to $59 at Citi

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Go back to Lennar (LEN) PT Raised to $59 at Citi

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

October 4, 2017 4:30 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 November 2, 2017, to stockholders of record on October 19, 2017, with an ex-dividend date of October 18, 2017.

The annual yield on the dividend is 0.3 percent.

For... More

MKM Partners Upgrades Lennar (LEN) to Buy

October 4, 2017 5:42 AM EDT

MKM Partners upgraded Lennar (NYSE: LEN) from Neutral to Buy with a price target of $64.00.

Analyst Megan McGrath cited:

1) we believe Lennar is doing well stabilizing gross margins in spite of cost input headwinds while also finding ways to better... More

Lennar Corp. (LEN) Tops Q3 EPS by 6c

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... More