New Home Sales (May) 689K vs 667K Expected
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Lennar (LEN) PT Raised to $93 at BofA/Merrill Lynch
June 27, 2018 9:01 AM EDTBofA/Merrill Lynch raised its price target on Lennar (NYSE: LEN) to $93.00 (from $90.00) while maintaining a Buy rating following the company's 2Q earnings release. Analyst John Lovallo was very encouraged by LENs FY2Q results and expects strong execution to... More
Lennar Corp. (LEN) Reports Q2 EPS of $1.58, Beats on Revenues
June 26, 2018 6:05 AM EDTLennar Corp. (NYSE: LEN) reported Q2 EPS of $1.58, versus $0.45 reported last year. Revenue for the quarter came in at $5.46 billion versus the consensus estimate of $5.11 billion.
Net earnings of $310.3 million, or $0.94 per diluted share, which includes the following:$0.58 per diluted share related to backlog/construction in... More