Lennar (LEN) option implied volatility bid into EPS and outlook

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Lennar Corp. (LEN) Declares $0.04 Quarterly Dividend; 0.4% Yield

October 4, 2018 4:33 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, 2018, to stockholders of record on October 19, 2018, with an ex-dividend date of October 18, 2018.

The annual yield on the dividend is 0.4 percent.

For... More

Lennar (LEN) PT Lowered to $55 at Credit Suisse Following 3Q

October 4, 2018 8:00 AM EDT

Credit Suisse analyst Susan Maklari lowered the price target on Lennar (NYSE: LEN) to $55.00 (from $65.00) while maintaining an Outperform rating following the company's 3Q earnings report. Results this quarter demonstrated Lennars ability to drive operating efficiencies through the cycle. With the integration of... More

Lennar Corp. (LEN) Tops Q3 EPS by 18c, Revenues Beat

October 3, 2018 6:02 AM EDT

Lennar Corp. (NYSE: LEN) reported Q3 EPS of $1.37, $0.18 better than the analyst estimate of $1.19. Revenue for the quarter came in at $5.67 billion versus the consensus estimate of $5.64 billion.

Net earnings of $453.2 million, or $1.37 per diluted share, which includes the following:$0.21 per diluted share related to backlog/construction in progress write-up related to purchase accounting$0.03 per diluted share related to acquisition and integration costsExcluding these items, EPS would have been $1.61 per diluted shareIn addition, tax... More