Streetbeat News

LEN

Lennar Corporation

https://www.lennar.com

Industry

Residential Construction

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

Open

168.65

Mkt cap

46B

Volume

1.4M

High

170.49

P/E Ratio

11.23

52-wk high

193.80

Low

167.94

Div yield

0.01

52-wk low

125.17

Lennar Corporation (LEN) reported Q1 2024 earnings of $2.57 per share, surpassing the $2.23 estimate, but its sales of $7.310B fell short of the $7.388B estimate. This represents a 12.63% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:30 pm

Lennar Corporation (NYSE:LEN) is anticipated to report an increase in Q1 earnings to $2.20 per share from $2.06 the previous year, with projected revenue of $7.39 billion. The company recently increased its dividend and announced a $5 billion repurchase authorization. Shares rose 1.1% to $165.97. Analyst ratings vary, with price targets ranging from $130 to $165 and ratings from Neutral to Overweight.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 2:38 pm

US stock futures indicate a flat open after a relief rally, with caution prevailing on Wall Street. Bitcoin surpasses $73K, while gold declines. Analysts stress the need for robust earnings to justify market strength, highlighting high S&P 500 valuations in a higher interest rate environment. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) show slight premarket movements. Tesla, Dollar Tree, Williams-Sonoma, SentinelOne, and Lennar are in focus due to stock performance and upcoming earnings.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 10:49 am

Numerous companies are scheduled to report their earnings on March 13, 2024, covering a wide range of industries from biotech to retail. Notable mentions include Dollar Tree with expected earnings of $2.65 per share on $8.67 billion revenue, and Lennar with an estimate of $2.20 per share on $7.39 billion revenue. Several companies are anticipated to report losses, such as ZIM Integrated Shipping with a projected loss of $1.29 per share.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 10:15 am

U.S. stocks closed higher with the Dow jumping over 200 points following the release of February 2024 inflation data, which showed a rise to 3.2%. The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. Ranpak Holdings Corp. (PACK) saw a significant share price increase after reporting better-than-expected revenue, while Caribou Biosciences (CRBU) shares dropped due to disappointing financial results. NVIDIA Corporation (NVDA) shares surged amid AI momentum. The S&P 500 and Nasdaq also saw gains, with investors looking forward to earnings results from Lennar Corporation (LEN), Williams-Sonoma (WSM), and Dollar Tree (DLTR).

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 8:42 am

Dollar Tree, Minim, Williams-Sonoma, Clover Health Investments, and Lennar Corporation are stocks to watch, with earnings reports and a merger announcement affecting their after-hours trading. Dollar Tree and Williams-Sonoma are set to report earnings, Minim announced a merger with e2Companies, Clover Health reported strong Q4 revenue and FY24 guidance, and Lennar is expected to report earnings.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 8:40 am

Lennar (NYSE:LEN) is scheduled to release its quarterly earnings report on March 13, 2024, with an expected EPS of $2.20. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Lennar's performance has varied, with both earnings beats and misses leading to stock price fluctuations. Currently, Lennar's shares are trading at $164.12, marking a 62.71% increase over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:01 pm

Lennar Corp (NYSE:LEN) is set to report its earnings, with expectations of $2.21 per share, up 4.2% from last year. Warren Buffett invested in Lennar and D.R. Horton (NYSE:DHI), selling the latter after its shares fell post-earnings. Sector rivals like Toll Brothers (NYSE:TOL), NVR Inc. (NYSE:NVR), and Pulte Group (NYSE:PHM) have shown varied results, impacting their stock prices. The iShares U.S. Home Construction ETF (NYSE:ITB) has risen 8% in 2024, buoyed by these companies. Housing market improvements and Lennar's dividend increase and share repurchase program set a positive stage for its earnings report.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 7:59 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both call and put options with varying sentiments across stocks like TSLA, RIVN, BABA, and others. Notably, bearish sentiment dominated call options, while both bullish and neutral sentiments were observed in put and call trades. This activity could signal market expectations and potential shifts in stock prices.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:35 pm

Shares of homebuilders and housing-related stocks, including DHI, KBH, LEN, PHM, and TOL, are trading higher following a drop in mortgage rates. This decrease in mortgage rates could be making home buying more accessible, thus potentially increasing demand for new homes.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:35 pm

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