Monday, 20 November, 2017

Quarterly EPS Forecast Review: Lennar Corporation (LEN)

Conrad Doyle | 15 November, 2017, 06:20

They now have a $53.00 price objective on the construction company's stock. The company's quarterly revenue was up 15.1% on a year-over-year basis. equities research analysts expect that Lennar Corporation will post 4.05 EPS for the current fiscal year. Equity analyst BTIG Research raised the price target on October 4 changing the forecast from $62.00 to $63.00 and issued a "Buy" rating. Qs Invsts Ltd holds 0% of its portfolio in Lennar Corporation (NYSE:LEN) for 2,541 shares. Sumitomo Mitsui Asset reported 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Lennar Corporation's stock price now sits at $58.27. Zacks Investment Research raised Lennar Corporation from a "hold" rating to a "buy" rating and set a $57.00 price objective for the company in a report on Friday, September 15th. Price Target plays a critical role when it comes to the analysis of a Stock. (USA) (NYSE:BCE) on Friday, August 7 with "Hold" rating. The Lower end of the earnings estimate is $1.2, while the higher end of the earnings estimate is $1.6.

The market capitalization of Lennar Corporation is at $13.78 Billion.

The company is up by 0.14% since yesterday's close of 48.76. The value of the investment in LEN.B went from $811,000 to $736,000 decreasing 9.2% quarter over quarter. In the last earnings report the EPS was $3.47 with 35.38M shares now outstanding. The company's quarterly EPS surprised Wall Street by as much as 5% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

TRADEMARK VIOLATION WARNING: This story was originally published by Week Herald and is the property of of Week Herald. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. The original version of this story can be read at https://weekherald.com/2017/11/14/lennar-corporation-len-rating-reiterated-by-mizuho.html. Shareholders of record on Thursday, October 19th were paid a $0.04 dividend.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on December, 18. The ex-dividend date was Wednesday, October 18th. Revenue during the quarter was $3.26 billion, representing 15% growth from $2.83 billion in year-ago quarter. Jpmorgan Chase And reported 0% in Lennar Corporation (NYSE:LEN). Earnings per share serves as an indicator of a company's profitability. The total value of its holdings increased 11.9%. Dupont Mngmt Corp owns 6,618 shares. You may obtain a free copy of the joint proxy statement/prospectus (if and when it becomes available) and other relevant documents filed by the Company and CalAtlantic with the SEC at the SEC's website at www.sec.gov. Copies of the documents filed by the Company with the SEC will be available free of charge on the Company's website at www.lennar.com or by contacting Allison Bober, Investor Relations, at 305-485-2038.

It turned negative, as 36 investors sold LEN shares while 139 reduced holdings.

Lennar Corporation (NYSE:LEN)'s institutional ownership stands at 93.70%.

Halliburton Company (NYSE:HAL) has a market cap of $38.95 billion and over the last 12 months, HAL has declined by -7.92%. Capstone Asset Management Co. now owns 59,472 shares of the construction company's stock valued at $3,171,000 after buying an additional 6,794 shares during the last quarter. The company reels an EPS growth for the next year at 31.18%, displaying an EPS growth of 52.00% for the past five years and an EPS value of 9.27% for the following five years. The stock traded on unusually declined volume of 3.92 Million comparing to the average volume of 2819.72 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Fox Run Management L.L.C. acquired a new stake in shares of Lennar Corporation in the second quarter worth $821,000.

Amica Mutual Insurance Company increased At&T Inc (NYSE:T) stake by 30,588 shares to 348,800 valued at $13.16 million in 2017Q2. The Firm is a homebuilder that operates in various states. The Company's segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

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