Lennar Reports Third Quarter EPS of $1.59

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Go back to Lennar Reports Third Quarter EPS of $1.59

Lennar (LEN) PT Raised to $75 at BTIG, New Street High

October 3, 2019 6:07 AM EDT

BTIG analyst Carl Reichardt Jr. raised the price target on Lennar (NYSE: LEN) to Street High $75.00 (from $70.00) while maintaining a Buy rating.

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Lennar Corp. (LEN) Sees Q4 EPS $1.81-$1.94, Consensus $1.94 - Bloomberg; Guidance Impacted by Hurricane Season

October 2, 2019 11:53 AM EDT

Lennar Corp. (NYSE: LEN) Sees Q4 EPS $1.81-$1.94, Consensus $1.94 - Bloomberg; Guidance Impacted by Hurricane Season

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Lennar Corp. (LEN) Tops Q3 EPS by 27c, Revenues Beat

October 2, 2019 6:06 AM EDT

Lennar Corp. (NYSE: LEN) reported Q3 EPS of $1.59, $0.27 better than the analyst estimate of $1.32. Revenue for the quarter came in at $5.86 billion versus the consensus estimate of $5.48 billion.

Net earnings of $513.4 million, or $1.59 per diluted share, compared to net earnings of $453.2 million, or $1.37 per diluted shareDeliveries of 13,522 homes up 7%New orders of 13,369 homes up 9%; new orders dollar value of $5.2 billion up 3%Backlog of 18,908 homes down 2%; backlog dollar value of $7.6 billion down 9%Revenues of $5.9 billion up 3%Homebuilding operating margins of $657.1 million, compared to $614.7 millionGross... More