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

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

Lennar (LEN) PT Lowered to $55 at BofA/Merrill Lynch

June 26, 2019 8:28 AM EDT

BofA/Merrill Lynch analyst John LoVallo II lowered the price target on Lennar (NYSE: LEN) to $55.00 (from $57.00) while maintaining a Buy rating.

... More

Lennar Corp. (LEN) Near Lows Amid Conf. Call Comments

June 25, 2019 11:33 AM EDT

Lennar Corp. (NYSE: LEN) trading near lows amid comments from the call. Says more entry level sales will drive down average selling price. Sees Q3 delivers 13,000-13,500. Shares down 3.9%.

... More

Lennar Corp. (LEN) CEO Says Housing Market is Improving

June 25, 2019 11:13 AM EDT

Lennar Corp. (NYSE: LEN) ticks up amid CEO comments from the call that the Housing market is improving.

... More

Pre-Open Movers 06/25: (AGN) (PHUN) (PYX) (GRUB) (ALDX) (ABBV) (BHF) (AKRX) (more)

June 25, 2019 8:55 AM EDT

Today's Pre-Open Stock Movers

Allergan (NYSE: AGN) +32%; AbbVie Inc. (NYSE: ABBV) and Allergan plc (NYSE: AGN) announced that the companies have entered into a definitive transaction agreement under which AbbVie will acquire Allergan in a cash and stock transaction for a transaction equity value of approximately $63 billion.

Phunware (NASDAQ: PHUN) +30%; today announced the successful launch of its... More

Lennar Corp. (LEN) Tops Q2 EPS by 16c, Revenues Beat

June 25, 2019 6:03 AM EDT

Lennar Corp. (NYSE: LEN) reported Q2 EPS of $1.30, $0.16 better than the analyst estimate of $1.14. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.1 billion.

Net earnings of $421.5 million, or $1.30 per diluted share, compared to net earnings of $310.3 million, or $0.94 per diluted shareDeliveries of 12,729 homes up 5%New orders of 14,518 homes up 1%; new orders dollar value of $5.8 billion down 4%Backlog of 19,061 homes down 3%; backlog dollar value of $7.7 billion down 10%Revenues of $5.6 billion up 2%Homebuilding operating margins of $608.3 million, compared to $427.9 millionGross margin on home sales of... More