Homebuilder Lennar (LEN) Posts Strong Q2 But Warns Rate Hikes Starting to Have an Impact
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Lennar Corp. (LEN) Tops Q2 EPS by 71c; Start to See Impacts of Rate Hikes
June 21, 2022 6:15 AM EDTLennar Corp. (NYSE: LEN) reported Q2 EPS of $4.69, $0.71 better than the analyst estimate of $3.98. Revenue for the quarter came in at $8.36 billion versus the consensus estimate of $8.11 billion.
Deliveries increased 14% to 16,549 homesNew orders increased 4% to 17,792 homes; new orders dollar value increased 20% to $9.1 billionBacklog increased 16% to 28,624 homes; backlog dollar value increased 33%... MoreLennar Corp. (LEN) June weekly 64.50 straddle priced for a move of 8% into quarter results
June 21, 2022 5:14 AM EDTLennar Corp. (NYSE: LEN) June weekly 64.50 straddle priced for a move of 8% into the expected release of quarter results before the bell on June 21.
... MoreLennar (LEN) PT Lowered to $112 at Evercore ISI
June 21, 2022 3:41 AM EDTEvercore ISI analyst Stephen Kim lowered the price target on Lennar (NYSE: LEN) to $112.00 (from $151.00) while maintaining a Outperform rating.... More
Lennar (LEN) PT Lowered to $82 at BofA Securities
June 17, 2022 11:00 AM EDTBofA Securities analyst Rafe Jadrosich lowered the price target on Lennar (NYSE: LEN) to $82.00 (from $90.00) while maintaining a Neutral rating.... More
Lennar (LEN) PT Lowered to $74 at Wells Fargo
June 17, 2022 6:43 AM EDTWells Fargo analyst Deepa Raghavan lowered the price target on Lennar (NYSE: LEN) to $74.00 (from $85.00) while maintaining a Equal Weight rating.... More
Lennar Corp. (LEN) June weekly 64 straddle priced for a move of 9% into quarter results
June 17, 2022 4:05 AM EDTLennar Corp. (NYSE: LEN) June weekly 64 straddle priced for a move of 9% into the expected release of quarter results before the bell on June 21.
... More