JPMorgan Upgrades Lennar (LEN) to Overweight, Says Transformation Not Reflected in Valuation
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Lennar Reports Second Quarter EPS of $2.65
June 16, 2021 4:30 PM EDTMIAMI, June 16, 2021 /PRNewswire/ --
Net earnings of $831.4 million, or $2.65 per diluted share, compared to net earnings of $517.4 million, or $1.65 per diluted share both up 61% Net earnings were $923.6 million, or $2.95 per diluted share, excluding the mark to market losses on the Company's strategic investments in Opendoor and Sunnova, and the gain on sale of the Company's solar businessDeliveries of 14,493 homes up 14% New orders of 17,157 homes up 32%; new orders dollar value of $7.6 billion up 56% Backlog of 24,741 homes up 38%; backlog dollar value of $11.0 billion up 56%... More
