Lennar Reports Second Quarter EPS Of $1.30 [Reuters]
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
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Source: Reuters
Lennar Corp (LEN.N) Key Developments | Reuters.com June 25 (Reuters) - Lennar Corp ::LENNAR REPORTS SECOND QUARTER EPS OF $1.30.Q2 EARNINGS PER SHARE $1.30.Q2 REVENUE $5.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.1 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.QTRLY DELIVERIES OF 12,729 HOMES - UP 5%.QTRLY NEW ORDERS OF 14,518 HOMES - UP 1%.QTRLY NEW ORDERS DOLLAR VALUE OF $5.8 BILLION - DOWN 4%.QUARTER-END BACKLOG DOLLAR VALUE OF $7.7 BILLION - DOWN 10%.QTRLY BACKLOG OF 19,061 HOMES - DOWN 3%.THROUGH Q2, HOMEBUYING MARKET SOLIDIFIED AND WAS SUPPORTED BY FAVORABLE UNDERLYING FUNDAMENTALS.Q2 RESULTS BENEFITED FROM BOTH Q1 DELIVERIES POSTPONED BY WEATHER AS WELL AS A RECOVERING HOUSING MARKET.REVENUES FROM HOME SALES INCREASED 4% IN Q2 OF 2019 TO $5.2 BILLION FROM $5.0 BILLION IN Q2 OF 2018.DURING Q2, CONTINUED TO EXPERIENCE COST PRESSURES DUE TO LAND AND LABOR SHORTAGES.IN NEXT TWO QUARTERS, CO EXPECTS TO SEE MARGIN IMPROVEMENT.QTRLY GROSS MARGIN ON HOME SALES
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News
- Lennar Co. (NYSE: LEN) had its price target lowered by analysts at Royal Bank of Canada from $160.00 to $130.00. They now have an "underperform" rating on the stock.MarketBeat
- Lennar Co. (NYSE: LEN) had its price target lowered by analysts at UBS Group AG from $225.00 to $205.00. They now have a "buy" rating on the stock.MarketBeat
- Lennar Co. (NYSE: LEN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $210.00 to $170.00. They now have an "outperform" rating on the stock.MarketBeat
- Lennar Co. (NYSE: LEN) had its price target lowered by analysts at Barclays PLC from $181.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
- Lennar Co. (NYSE: LEN) was downgraded by analysts at BTIG Research from a "buy" rating to a "neutral" rating.MarketBeat
LEN
Earnings
- 12/18/24 - Miss
LEN
Sec Filings
- 12/18/24 - Form 8-K
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- LEN's page on the SEC website