Brokerages Expect Lennar Corporation (LEN) Will Announce Quarterly Sales of $3.62 Billion

Cornelia Mascio
Novembre 15, 2017

Lennar Corporation (LEN) now has a Return on Assets (ROA) value of 3.3 Percent. The business is expected to report its next earnings results on Monday, December 18th.

Other equities research analysts have also issued reports about the company. During the same period in the previous year, the company posted $1.01 earnings per share. analysts predict that Lennar Corporation will post 4.05 earnings per share for the current year. UBS AG initiated coverage on Lennar Corporation in a report on Wednesday, October 25th.

14 analysts on average are expecting the company to report revenue of $3.57 Billion for the current quarter.

Lennar Corporation (NYSE:LEN) gross margin percentage stands at 13.1% while its operating margin for the past trailing twelve month is 6.4 percent and its overall profit margin (ttm) is 4.4 Percent. During the same quarter in the prior year, the firm posted $1.01 EPS. 0 analysts gave its stock an Outperform rating.

The average 1-year price target for Lennar Corporation (LEN) - averaging the work of different analysts - reveals a mean PT of $60.83/share. MKM Partners raised Lennar Corporation from a "neutral" rating to a "buy" rating and set a $64.00 price target for the company in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $62.00 price objective on shares of Lennar Corporation in a research note on Thursday, July 27th.

On October 27 Mizuho held the stock rating at "Hold" projecting a price of $53.00. The stock has "Buy" rating by RBC Capital Markets on Sunday, August 20.

The company now has an insider ownership of 1.7 Percent and Institutional ownership of 93.7 Percent. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term.

Several firms have shifted positions in (LEN). Commonwealth Bank of Australia now owns 2,168 shares of the construction company's stock worth $114,000 after buying an additional 530 shares during the last quarter. Washington Trust Bank grew its position in shares of Lennar Corporation by 47.6% in the 2nd quarter. DnB Asset Management AS now owns 22,400 shares of the construction company's stock worth $1,194,000 after buying an additional 600 shares during the period. Ltd. boosted its position in shares of Lennar Corporation by 19.1% in the first quarter. The company's stock had a trading volume of 3,921,700 shares, compared to its average volume of 2,372,817. Gagnon invested 0.08% in Lennar Corporation (NYSE:LEN). In essence, the P/E ratio of Lennar Corporation specifies the dollar amount an investor can anticipate to invest in the company to receive one dollar of the company's earnings. Over the 52-week time span, the stock notched a high price of $59.32 and its minimum price was $40.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were issued a dividend of $0.04 per share. Prnewswire.com's article titled: "Lennar Corporation Declares Dividend of Class B Common Stock" and published on October 30, 2017 is yet another important article. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.27%.

COPYRIGHT VIOLATION NOTICE: "Zacks: Brokerages Expect Lennar Corporation (LEN) Will Announce Quarterly Sales of $3.62 Billion" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of U.S. and worldwide trademark & copyright legislation. The Company's divisions include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes.

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