Lennar Reports Third Quarter EPS of $1.37
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Lennar (LEN) PT Lowered to $55 at Credit Suisse Following 3Q
October 4, 2018 8:00 AM EDTCredit Suisse analyst Susan Maklari lowered the price target on Lennar (NYSE: LEN) to $55.00 (from $65.00) while maintaining an Outperform rating following the company's 3Q earnings report. Results this quarter demonstrated Lennars ability to drive operating efficiencies through the cycle. With the integration of... More
Lennar (LEN) PT Lowered to $63 at RBC Capital
October 4, 2018 7:00 AM EDTRBC Capital analyst Mike Dahl lowered the price target on Lennar (NYSE: LEN) to $63.00 (from $66.00) while maintaining a Outperform rating.
Dahl said the company is well-positioned to weather the current pause in growth.
FY18 EPS est. increases to $5.19 (from $5.04) and FY19E EPS... More
UPDATE: Lennar Corp. (LEN) Lowers Q4 Guidance
October 3, 2018 11:45 AM EDT(Updated - October 3, 2018 12:00, 12:10 PM EDT)
Lennar Corp. (NYSE: LEN) sees Q4 EPS of $2.06, lower than its previous view but in-line with analyst estimates, according to Bloomberg.
Lennar sees Q4 deliveries of 14,500 and Q4 orders of 11,400. Average sales price is seen at about... More
Lennar Corp. (LEN) Tops Q3 EPS by 18c, Revenues Beat
October 3, 2018 6:02 AM EDTLennar Corp. (NYSE: LEN) reported Q3 EPS of $1.37, $0.18 better than the analyst estimate of $1.19. Revenue for the quarter came in at $5.67 billion versus the consensus estimate of $5.64 billion.
Net earnings of $453.2 million, or $1.37 per diluted share, which includes the following:$0.21 per diluted share related to backlog/construction in progress write-up related to purchase accounting$0.03 per diluted share related to acquisition and integration costsExcluding these items, EPS would have been $1.61 per diluted shareIn addition, tax... More